Liberty Broadband (NASDAQ:LBRDK) Posts Earnings Results, Misses Estimates By $1.63 EPS

Liberty Broadband (NASDAQ:LBRDKGet Free Report) announced its earnings results on Thursday. The company reported $2.04 EPS for the quarter, missing the consensus estimate of $3.67 by ($1.63), Zacks reports. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%.

Liberty Broadband Stock Up 1.6 %

Shares of NASDAQ LBRDK traded up $1.26 during mid-day trading on Thursday, reaching $80.75. 655,098 shares of the company’s stock traded hands, compared to its average volume of 806,351. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07. The business has a 50-day simple moving average of $77.78 and a 200 day simple moving average of $76.88. The stock has a market cap of $11.53 billion, a P/E ratio of 14.88 and a beta of 1.04. Liberty Broadband has a 1-year low of $46.46 and a 1-year high of $101.50.

Insider Buying and Selling

In related news, CEO Gregory B. Maffei sold 125,000 shares of the company’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $79.74, for a total transaction of $9,967,500.00. Following the completion of the sale, the chief executive officer now owns 1,435,256 shares in the company, valued at approximately $114,447,313.44. This represents a 8.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 10.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on Liberty Broadband in a report on Tuesday. They set a “sell” rating on the stock.

Get Our Latest Report on Liberty Broadband

Liberty Broadband Company Profile

(Get Free Report)

Liberty Broadband Corporation engages in the communications businesses. The company's GCI Holdings segment provides data, wireless, video, voice, and managed services to residential customers, businesses, governmental entities, educational, and medical institutions in Alaska under the GCI brand.

Further Reading

Earnings History for Liberty Broadband (NASDAQ:LBRDK)

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