Liberty Broadband (LBRDA) Expected to Announce Quarterly Earnings on Thursday

Liberty Broadband (NASDAQ:LBRDA) is projected to issue its quarterly earnings data before the market opens on Thursday, February 27th. Analysts expect the company to announce earnings of $1.73 per share and revenue of $252.50 million for the quarter. Parties that wish to register for the company’s earnings conference call can do so using this link.

Liberty Broadband Stock Down 2.1 %

Shares of NASDAQ LBRDA opened at $79.66 on Wednesday. The firm’s 50-day moving average is $77.07 and its two-hundred day moving average is $76.13. The company has a market capitalization of $11.38 billion, a PE ratio of 14.67 and a beta of 1.07. Liberty Broadband has a 12-month low of $47.17 and a 12-month high of $100.44. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07.

Insiders Place Their Bets

In other news, CEO Gregory B. Maffei sold 125,000 shares of Liberty Broadband stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $79.74, for a total value of $9,967,500.00. Following the transaction, the chief executive officer now directly owns 1,435,256 shares of the company’s stock, valued at $114,447,313.44. The trade was a 8.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 14.19% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Rosenblatt Securities cut shares of Liberty Broadband from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $91.00 to $92.00 in a research note on Thursday, November 14th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $95.00 price objective (up previously from $90.00) on shares of Liberty Broadband in a research report on Friday, November 15th.

Liberty Broadband Company Profile

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. Its Charter segment offers subscription-based Internet and video services, and mobile and voice services; and state-of-the-art residential and business services, which includes Spectrum Internet, TV, mobile and voice for small and medium-sized companies; Spectrum Business provides a suite of broadband products and services for businesses and government application; Spectrum Enterprise offers customized fiber-based solutions; Spectrum Reach provides advertising and production for the modern media landscape.