Liberty Latin America (NASDAQ:LILAK) Posts Earnings Results, Misses Estimates By $0.14 EPS

Liberty Latin America (NASDAQ:LILAK) posted its quarterly earnings results on Tuesday. The company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.14), Yahoo Finance reports. The firm had revenue of $1.12 billion for the quarter.

Liberty Latin America Stock Down 3.2 %

Shares of LILAK stock traded down $0.30 during trading hours on Friday, hitting $9.14. 1,172,435 shares of the company were exchanged, compared to its average volume of 1,142,411. The firm has a market cap of $1.80 billion, a PE ratio of -304.67 and a beta of 1.14. Liberty Latin America has a 1 year low of $5.95 and a 1 year high of $10.93. The firm has a fifty day moving average of $9.43 and a 200 day moving average of $8.04.

Insider Transactions at Liberty Latin America

In related news, Director Brendan J. Paddick acquired 150,000 shares of the business’s stock in a transaction dated Monday, June 24th. The shares were acquired at an average cost of $9.10 per share, for a total transaction of $1,365,000.00. Following the acquisition, the director now directly owns 1,036,108 shares in the company, valued at approximately $9,428,582.80. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Liberty Latin America news, Director Brendan J. Paddick bought 150,000 shares of the company’s stock in a transaction that occurred on Monday, June 24th. The stock was purchased at an average price of $9.10 per share, with a total value of $1,365,000.00. Following the transaction, the director now owns 1,036,108 shares in the company, valued at $9,428,582.80. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Dustin Henderson sold 5,906 shares of the 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 sale, the insider now directly owns 1,600 shares of the company’s stock, valued at approximately $16,000. The disclosure for this sale can be found here. Insiders own 9.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on LILAK. Scotiabank raised shares of Liberty Latin America from a “sector perform” rating to a “sector outperform” rating and upped their price target for the stock from $7.70 to $10.70 in a research note on Monday, May 13th. StockNews.com raised shares of Liberty Latin America from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, Pivotal Research increased their price objective on shares of Liberty Latin America from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Friday, May 10th.

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.