Liberty Broadband (NASDAQ:LBRDA) Announces Earnings Results

Liberty Broadband (NASDAQ:LBRDA) announced its quarterly earnings data on Thursday. The company reported $1.36 earnings per share for the quarter, missing analysts’ consensus estimates of $3.12 by ($1.76), Zacks reports. Liberty Broadband had a return on equity of 9.55% and a net margin of 87.75%. The business had revenue of $246.00 million during the quarter. During the same period last year, the firm posted $1.71 EPS.

Liberty Broadband Stock Down 0.3 %

NASDAQ LBRDA traded down $0.17 during trading hours on Friday, reaching $63.64. 105,297 shares of the company’s stock traded hands, compared to its average volume of 146,024. The firm has a market cap of $9.09 billion, a PE ratio of 10.80, a PEG ratio of 0.14 and a beta of 1.03. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.81 and a quick ratio of 1.81. Liberty Broadband has a 52-week low of $47.17 and a 52-week high of $95.61. The firm has a 50-day simple moving average of $55.82 and a 200 day simple moving average of $56.59.

Wall Street Analyst Weigh In

LBRDA has been the subject of several recent research reports. Citigroup downgraded Liberty Broadband from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $67.00 to $57.00 in a research report on Wednesday, July 3rd. Evercore ISI dropped their price target on shares of Liberty Broadband from $106.00 to $72.00 and set an “outperform” rating for the company in a research report on Tuesday, July 2nd.

About Liberty Broadband

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.