$0.26 Earnings Per Share Expected for Liberty Broadband Corp Series C (LBRDK) This Quarter

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Analysts predict that Liberty Broadband Corp Series C (NASDAQ:LBRDK) will report $0.26 earnings per share (EPS) for the current quarter, according to Zacks. Zero analysts have made estimates for Liberty Broadband Corp Series C’s earnings. Liberty Broadband Corp Series C reported earnings of ($0.05) per share in the same quarter last year, which suggests a positive year over year growth rate of 620%. The firm is expected to issue its next quarterly earnings report on Wednesday, November 7th.

According to Zacks, analysts expect that Liberty Broadband Corp Series C will report full-year earnings of $0.90 per share for the current year. For the next fiscal year, analysts expect that the firm will report earnings of $1.72 per share. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Liberty Broadband Corp Series C.

Liberty Broadband Corp Series C (NASDAQ:LBRDK) last issued its quarterly earnings results on Wednesday, August 8th. The company reported $0.06 EPS for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.24). Liberty Broadband Corp Series C had a return on equity of 20.47% and a net margin of 9,284.89%.

LBRDK has been the subject of several analyst reports. TheStreet cut Liberty Broadband Corp Series C from a “b-” rating to a “c+” rating in a report on Monday, May 14th. Zacks Investment Research cut Liberty Broadband Corp Series C from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 11th.

Shares of LBRDK stock traded down $0.38 on Monday, hitting $80.38. The company had a trading volume of 12,780 shares, compared to its average volume of 584,038. The company has a debt-to-equity ratio of 0.05, a current ratio of 8.49 and a quick ratio of 8.49. Liberty Broadband Corp Series C has a twelve month low of $68.33 and a twelve month high of $104.66.

Several hedge funds have recently bought and sold shares of the company. Andra AP fonden grew its position in shares of Liberty Broadband Corp Series C by 19.3% in the second quarter. Andra AP fonden now owns 70,600 shares of the company’s stock valued at $5,346,000 after purchasing an additional 11,400 shares in the last quarter. Cowen Inc. purchased a new stake in shares of Liberty Broadband Corp Series C in the second quarter valued at approximately $635,000. Jane Street Group LLC purchased a new stake in shares of Liberty Broadband Corp Series C in the second quarter valued at approximately $457,000. California Public Employees Retirement System grew its position in shares of Liberty Broadband Corp Series C by 16.2% in the second quarter. California Public Employees Retirement System now owns 302,533 shares of the company’s stock valued at $22,908,000 after purchasing an additional 42,208 shares in the last quarter. Finally, HPM Partners LLC purchased a new stake in shares of Liberty Broadband Corp Series C in the second quarter valued at approximately $309,000. Institutional investors and hedge funds own 57.54% of the company’s stock.

About Liberty Broadband Corp Series C

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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