Liberty Interactive Corporation (NASDAQ:QVCA) shares were down 9.7% during trading on Tuesday after the company announced weaker than expected quarterly earnings. The company traded as low as $21.12 and last traded at $21.89, with a volume of 8,914,153 shares changing hands. The stock had previously closed at $24.23.
The company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.04. Liberty Interactive Corporation had a net margin of 4.59% and a return on equity of 9.98%. The business had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.32 billion.
A number of analysts have recently weighed in on QVCA shares. Zacks Investment Research downgraded shares of Liberty Interactive Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. FBR & Co reissued an “outperform” rating and set a $24.00 price target (up previously from $22.00) on shares of Liberty Interactive Corporation in a research report on Friday, April 21st. Aegis raised their price target on shares of Liberty Interactive Corporation from $31.00 to $33.00 and gave the stock a “buy” rating in a research report on Friday, July 7th. Maxim Group raised their price target on shares of Liberty Interactive Corporation from $36.00 to $39.00 and gave the stock a “buy” rating in a research report on Wednesday, May 10th. Finally, BidaskClub raised shares of Liberty Interactive Corporation from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 28th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Liberty Interactive Corporation currently has an average rating of “Buy” and an average target price of $28.89.
The firm has a market capitalization of $9.87 billion, a PE ratio of 22.02 and a beta of 1.21. The company has a 50-day moving average price of $24.07 and a 200-day moving average price of $21.68.
Liberty Interactive Corporation Company Profile
Liberty Interactive Corporation owns interests in subsidiaries and other companies, which are primarily engaged in the video and online commerce industries. Through its subsidiaries and affiliates, the Company operates in North America, Europe and Asia. Its principal businesses and assets include its subsidiaries QVC, Inc (QVC), zulily, llc (zulily) and and Evite, Inc (Evite).
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