Zacks: Brokerages Anticipate Liberty Broadband (LBRDA) Will Post Earnings of $0.28 Per Share

Wall Street brokerages expect Liberty Broadband (NASDAQ:LBRDA) to post earnings of $0.28 per share for the current fiscal quarter, Zacks reports. Zero analysts have issued estimates for Liberty Broadband’s earnings. Liberty Broadband posted earnings per share of ($0.02) in the same quarter last year, which would suggest a positive year-over-year growth rate of 1,500%. The company is expected to report its next earnings results on Wednesday, August 1st.

On average, analysts expect that Liberty Broadband will report full-year earnings of $1.26 per share for the current fiscal year. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that follow Liberty Broadband.

Liberty Broadband (NASDAQ:LBRDA) last announced its quarterly earnings results on Friday, February 9th. The company reported $11.28 earnings per share (EPS) for the quarter. Liberty Broadband had a net margin of 9,350.33% and a return on equity of 21.43%. The company had revenue of $3.45 million for the quarter.

A number of equities research analysts have weighed in on the stock. Zacks Investment Research cut shares of Liberty Broadband from a “hold” rating to a “sell” rating in a report on Thursday, March 8th. ValuEngine cut shares of Liberty Broadband from a “hold” rating to a “sell” rating in a report on Wednesday, February 14th. BidaskClub cut shares of Liberty Broadband from a “hold” rating to a “sell” rating in a report on Thursday, January 18th. TheStreet upgraded shares of Liberty Broadband from a “c” rating to a “b” rating in a report on Tuesday, February 20th. Finally, Pivotal Research restated a “buy” rating and issued a $134.00 price objective on shares of Liberty Broadband in a report on Monday, March 12th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $115.25.

Several large investors have recently bought and sold shares of the company. Hound Partners LLC grew its holdings in shares of Liberty Broadband by 0.3% during the fourth quarter. Hound Partners LLC now owns 259,160 shares of the company’s stock valued at $22,042,000 after buying an additional 674 shares during the last quarter. Jefferies Group LLC grew its holdings in shares of Liberty Broadband by 25.7% during the fourth quarter. Jefferies Group LLC now owns 6,365 shares of the company’s stock valued at $541,000 after buying an additional 1,300 shares during the last quarter. Hosking Partners LLP grew its holdings in shares of Liberty Broadband by 7.4% during the fourth quarter. Hosking Partners LLP now owns 20,029 shares of the company’s stock valued at $1,703,000 after buying an additional 1,387 shares during the last quarter. State of Alaska Department of Revenue purchased a new stake in shares of Liberty Broadband during the fourth quarter valued at approximately $124,000. Finally, Glenmede Trust Co. NA grew its holdings in shares of Liberty Broadband by 438.3% during the fourth quarter. Glenmede Trust Co. NA now owns 1,825 shares of the company’s stock valued at $154,000 after buying an additional 1,486 shares during the last quarter. Hedge funds and other institutional investors own 12.62% of the company’s stock.

Shares of NASDAQ LBRDA traded down $0.74 during midday trading on Tuesday, hitting $70.97. 3,027 shares of the company traded hands, compared to its average volume of 207,338. Liberty Broadband has a 12-month low of $70.86 and a 12-month high of $71.19. The company has a debt-to-equity ratio of 0.05, a current ratio of 15.33 and a quick ratio of 15.33. The stock has a market capitalization of $12.83 billion, a P/E ratio of 6.39 and a beta of 1.44.

Liberty Broadband Company Profile

Liberty Broadband Corporation, a cable operator, provides video, Internet, and voice services to residential and commercial customers in the United States. It operates through Skyhook and Charter segments. The Skyhook segment offers Precision Location Solution, a location determination service for mobile device makers, wireless carriers, and asset tracking platforms to understanding the precise geographic location and movement of mobile devices; enhancing the location determination capabilities of a hybrid location system.

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