Liberty Latin America (NASDAQ:LILA) Posts Earnings Results, Misses Expectations By $0.16 EPS

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

Liberty Latin America Trading Down 0.3 %

Shares of LILA traded down $0.03 during trading hours on Thursday, reaching $8.58. 141,683 shares of the company traded hands, compared to its average volume of 437,407. Liberty Latin America has a 12 month low of $5.90 and a 12 month high of $9.85. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 3.29. The company’s fifty day moving average price is $7.08 and its two-hundred day moving average price is $6.98. The company has a market capitalization of $1.76 billion, a price-to-earnings ratio of -33.12 and a beta of 1.12.

Insider Buying and Selling

In other news, major shareholder John C. Malone bought 106,900 shares of the stock in a transaction dated Thursday, March 28th. The stock was bought at an average price of $6.99 per share, for a total transaction of $747,231.00. Following the purchase, the insider now directly owns 8,827,614 shares in the company, valued at approximately $61,705,021.86. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Liberty Latin America news, major shareholder John C. Malone purchased 106,900 shares of the firm’s stock in a transaction that occurred on Thursday, March 28th. The stock was bought at an average cost of $6.99 per share, for a total transaction of $747,231.00. Following the purchase, the insider now directly owns 8,827,614 shares in the company, valued at $61,705,021.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder John C. Malone purchased 342,703 shares of the stock in a transaction that occurred on Tuesday, March 26th. The shares were acquired at an average cost of $6.96 per share, with a total value of $2,385,212.88. Following the completion of the transaction, 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 purchased a total of 1,220,056 shares of company stock valued at $8,247,512 over the last three months. Corporate insiders own 11.35% of the company’s stock.

Wall Street Analyst Weigh In

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

About Liberty Latin America

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.