Liberty Latin America (NASDAQ:LILA) Issues Quarterly Earnings Results

Liberty Latin America (NASDAQ:LILA) released its quarterly earnings data on Tuesday. The company reported ($0.30) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.16), Yahoo Finance reports. The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.12 billion. Liberty Latin America had a negative net margin of 1.21% and a negative return on equity of 2.26%. During the same period in the previous year, the business earned ($0.23) earnings per share.

Liberty Latin America Price Performance

LILA stock traded up $0.06 during trading on Thursday, hitting $8.67. The stock had a trading volume of 505,822 shares, compared to its average volume of 441,482. Liberty Latin America has a 1-year low of $5.90 and a 1-year high of $9.85. The stock has a market cap of $1.78 billion, a price-to-earnings ratio of -33.12 and a beta of 1.12. The company’s 50 day moving average price is $7.08 and its two-hundred day moving average price is $6.98. The company has a debt-to-equity ratio of 3.29, a quick ratio of 1.13 and a current ratio of 1.13.

Insider Activity

In other Liberty Latin America news, major shareholder John C. Malone purchased 484,673 shares of the business’s stock in a transaction on Friday, March 22nd. The stock was bought at an average cost of $6.72 per share, for a total transaction of $3,257,002.56. Following the acquisition, the insider now owns 8,360,255 shares of the company’s stock, valued at approximately $56,180,913.60. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, major shareholder John C. Malone purchased 484,673 shares of the firm’s stock in a transaction on Friday, March 22nd. The shares were bought at an average price of $6.72 per share, for a total transaction of $3,257,002.56. Following the acquisition, the insider now directly owns 8,360,255 shares in the company, valued at $56,180,913.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder John C. Malone acquired 342,703 shares of the company’s stock in a transaction dated Tuesday, March 26th. The shares were purchased at an average price of $6.96 per share, with a total value of $2,385,212.88. Following the completion of the acquisition, the insider now owns 8,702,958 shares in the company, valued at $60,572,587.68. The disclosure for this purchase can be found here. Insiders bought a total of 1,220,056 shares of company stock valued at $8,247,512 over the last 90 days. Insiders own 11.35% of the company’s stock.

Analyst Ratings Changes

Separately, Barclays dropped their target price on shares of Liberty Latin America from $9.00 to $8.00 and set an “equal weight” rating for the company in a report on Tuesday.

Liberty Latin America Company Profile

Liberty Latin America Ltd., together with its subsidiaries, provides fixed, mobile, and subsea telecommunications services. The company operates through C&W Caribbean, C&W Panama, Liberty Networks, Liberty Puerto Rico, and Liberty Costa Rico segments. It offers communications and entertainment services, including video, broadband internet, fixed-line, telephony, and mobiles services to residential and business customers; and business products and services that include enterprise-grade connectivity, data center, hosting, and managed solutions, as well as information technology solutions for small and medium enterprises, international companies, and governmental agencies.