Liberty Broadband (NASDAQ:LBRDA) Issues Quarterly Earnings Results, Beats Expectations By $0.31 EPS

Liberty Broadband (NASDAQ:LBRDA) announced its earnings results on Thursday. The company reported $2.04 EPS for the quarter, topping the consensus estimate of $1.73 by $0.31, Zacks reports. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. The firm had revenue of $263.00 million for the quarter, compared to analysts’ expectations of $252.50 million.

Liberty Broadband Trading Up 1.4 %

NASDAQ LBRDA opened at $81.53 on Friday. The firm’s 50 day moving average price is $77.28 and its two-hundred day moving average price is $76.31. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07. Liberty Broadband has a twelve month low of $47.17 and a twelve month high of $100.44. The stock has a market cap of $11.65 billion, a price-to-earnings ratio of 15.01 and a beta of 1.07.

Insider Activity

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

Wall Street Analysts Forecast Growth

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

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. 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.