Liberty Latin America (LILA) Set to Announce Quarterly Earnings on Tuesday

Liberty Latin America (NASDAQ:LILA) is set to issue its quarterly earnings data after the market closes on Tuesday, August 6th.

Liberty Latin America (NASDAQ:LILA) last released its quarterly earnings results on Tuesday, May 7th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.16). Liberty Latin America had a negative return on equity of 0.23% and a negative net margin of 0.12%. The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter last year, the business earned ($0.23) earnings per share. On average, analysts expect Liberty Latin America to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Liberty Latin America Trading Up 1.4 %

NASDAQ:LILA traded up $0.14 during midday trading on Wednesday, hitting $10.48. 22,460 shares of the company traded hands, compared to its average volume of 402,152. The firm’s fifty day moving average is $9.21 and its 200-day moving average is $7.86. The firm has a market capitalization of $2.07 billion, a P/E ratio of -344.55 and a beta of 1.14. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 3.33. Liberty Latin America has a 12-month low of $5.90 and a 12-month high of $10.50.

Insider Activity at Liberty Latin America

In other Liberty Latin America news, insider Dustin Henderson sold 5,906 shares of the firm’s stock in a transaction 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 completion of the sale, the insider now owns 1,600 shares of the company’s stock, valued at $16,000. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Liberty Latin America news, insider Dustin Henderson sold 5,906 shares of the stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $10.00, for a total transaction of $59,060.00. Following the completion of the transaction, the insider now owns 1,600 shares of the company’s stock, valued at $16,000. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 bought at an average price of $9.10 per share, with a total value 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 disclosure for this purchase can be found here. 11.35% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts have recently weighed in on LILA shares. Scotiabank downgraded Liberty Latin America from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 18th. Barclays cut their price objective on Liberty Latin America from $9.00 to $8.00 and set an “equal weight” rating for the company in a research report on Tuesday, May 7th. Finally, The Goldman Sachs Group lifted their price target on shares of Liberty Latin America from $8.40 to $9.30 and gave the company a “buy” rating in a research note on Tuesday, May 28th.

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.