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

Liberty Latin America (NASDAQ:LILA) announced its quarterly earnings results on Tuesday. The company reported ($0.22) earnings per share (EPS) for the quarter, Yahoo Finance reports. Liberty Latin America had a negative net margin of 0.12% and a negative return on equity of 0.23%. The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same period in the previous year, the company earned $0.17 earnings per share.

Liberty Latin America Stock Performance

Shares of LILA traded down $0.34 on Friday, reaching $9.08. The company’s stock had a trading volume of 362,149 shares, compared to its average volume of 405,211. Liberty Latin America has a 12-month low of $5.90 and a 12-month high of $10.81. The stock has a market capitalization of $1.79 billion, a P/E ratio of -302.67 and a beta of 1.14. The company has a debt-to-equity ratio of 3.33, a current ratio of 1.12 and a quick ratio of 1.12. The stock’s 50 day simple moving average is $9.39 and its two-hundred day simple moving average is $8.00.

Insider Buying and Selling at Liberty Latin America

In related news, Director Brendan J. Paddick bought 250,000 shares of the stock in a transaction that occurred on Friday, June 21st. The shares were bought at an average cost of $8.85 per share, for a total transaction of $2,212,500.00. Following the completion of the transaction, the director now owns 886,108 shares of the company’s stock, valued at $7,842,055.80. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Brendan J. Paddick bought 250,000 shares of the firm’s stock in a transaction on Friday, June 21st. The shares were bought at an average price of $8.85 per share, for a total transaction of $2,212,500.00. Following the purchase, the director now owns 886,108 shares in the company, valued at $7,842,055.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Dustin Henderson sold 5,906 shares of the company’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $10.00, for a total transaction of $59,060.00. Following the completion of the transaction, the insider now owns 1,600 shares of the company’s stock, valued at $16,000. The disclosure for this sale can be found here. 11.35% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

LILA has been the topic of several research analyst reports. The Goldman Sachs Group upped their target price on shares of Liberty Latin America from $8.40 to $9.30 and gave the company a “buy” rating in a research note on Tuesday, May 28th. Barclays dropped their target price on shares of Liberty Latin America from $9.00 to $8.00 and set an “equal weight” rating on the stock in a report on Tuesday, May 7th. Finally, Scotiabank cut Liberty Latin America from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 18th.

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.