Brokerages Expect Liberty Broadband Corp Series C (NASDAQ:LBRDK) to Announce $0.50 EPS

Liberty Broadband Corp Series C (NASDAQ:LBRDK) has been assigned an average broker rating score of 2.00 (Buy) from the two analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating and one has issued a strong buy rating on the company.

Brokers have set a 1 year consensus price target of $115.00 for the company and are anticipating that the company will post $0.50 EPS for the current quarter, according to Zacks. Zacks has also assigned Liberty Broadband Corp Series C an industry rank of 102 out of 256 based on the ratings given to related companies.

LBRDK has been the subject of a number of recent analyst reports. ValuEngine raised shares of Liberty Broadband Corp Series C from a “hold” rating to a “buy” rating in a report on Thursday, May 9th. Zacks Investment Research raised shares of Liberty Broadband Corp Series C from a “hold” rating to a “buy” rating and set a $110.00 price objective for the company in a report on Saturday, May 4th. BidaskClub cut shares of Liberty Broadband Corp Series C from a “strong-buy” rating to a “buy” rating in a report on Friday, June 14th. Finally, TheStreet cut shares of Liberty Broadband Corp Series C from a “b-” rating to a “c” rating in a report on Monday, May 13th.

Shares of Liberty Broadband Corp Series C stock opened at $106.63 on Friday. The company has a current ratio of 12.76, a quick ratio of 12.76 and a debt-to-equity ratio of 0.05. The business’s fifty day simple moving average is $101.49. Liberty Broadband Corp Series C has a 1 year low of $68.47 and a 1 year high of $106.63. The stock has a market capitalization of $19.35 billion, a PE ratio of 280.61 and a beta of 1.29.

Liberty Broadband Corp Series C (NASDAQ:LBRDK) last issued its earnings results on Thursday, May 2nd. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.40). Liberty Broadband Corp Series C had a return on equity of 0.67% and a net margin of 507.95%. The business had revenue of $3.46 million for the quarter. On average, analysts predict that Liberty Broadband Corp Series C will post 1.7 earnings per share for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the company. Advisory Alpha LLC purchased a new stake in shares of Liberty Broadband Corp Series C during the first quarter worth about $26,000. Macquarie Group Ltd. increased its stake in shares of Liberty Broadband Corp Series C by 66.7% during the fourth quarter. Macquarie Group Ltd. now owns 500 shares of the company’s stock worth $36,000 after purchasing an additional 200 shares in the last quarter. Icon Wealth Partners LLC purchased a new stake in shares of Liberty Broadband Corp Series C during the first quarter worth about $58,000. Princeton Global Asset Management LLC purchased a new stake in shares of Liberty Broadband Corp Series C during the fourth quarter worth about $70,000. Finally, QS Investors LLC increased its stake in shares of Liberty Broadband Corp Series C by 21,666.7% during the fourth quarter. QS Investors LLC now owns 1,306 shares of the company’s stock worth $95,000 after purchasing an additional 1,300 shares in the last quarter. 56.33% of the stock is owned by institutional investors and hedge funds.

About Liberty Broadband Corp Series C

Liberty Broadband Corporation, a cable operator, provides video, Internet, and voice services to residential, and small and medium business customers in the United States. The company 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 understand the precise geographic location and movement of mobile devices, as well as for enhancing the location determination capabilities of a hybrid location system.

Featured Article: Do investors pay a separate front-end load every time they buy additional shares?

Get a free copy of the Zacks research report on Liberty Broadband Corp Series C (LBRDK)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Liberty Broadband Corp Series C Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liberty Broadband Corp Series C and related companies with MarketBeat.com's FREE daily email newsletter.