Brokerages Anticipate Qurate Retail Inc Series A (QRTEA) Will Announce Earnings of $0.82 Per Share

Wall Street brokerages predict that Qurate Retail Inc Series A (NASDAQ:QRTEA) will report earnings of $0.82 per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Qurate Retail Inc Series A’s earnings, with estimates ranging from $0.73 to $0.91. Qurate Retail Inc Series A posted earnings per share of $2.05 in the same quarter last year, which would indicate a negative year-over-year growth rate of 60%. The company is expected to report its next quarterly earnings results on Thursday, March 7th.

According to Zacks, analysts expect that Qurate Retail Inc Series A will report full year earnings of $2.10 per share for the current fiscal year, with EPS estimates ranging from $2.02 to $2.20. For the next financial year, analysts forecast that the firm will report earnings of $2.31 per share, with EPS estimates ranging from $2.18 to $2.43. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Qurate Retail Inc Series A.

Qurate Retail Inc Series A (NASDAQ:QRTEA) last released its earnings results on Friday, November 9th. The company reported $0.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.04. The company had revenue of $3.23 billion during the quarter, compared to analysts’ expectations of $3.19 billion. Qurate Retail Inc Series A had a return on equity of 22.24% and a net margin of 9.88%. The firm’s revenue for the quarter was up 35.7% compared to the same quarter last year.

A number of research firms have issued reports on QRTEA. Zacks Investment Research raised Qurate Retail Inc Series A from a “sell” rating to a “hold” rating in a research note on Tuesday, October 23rd. ValuEngine raised Qurate Retail Inc Series A from a “strong sell” rating to a “sell” rating in a research note on Tuesday, October 16th. Citigroup boosted their target price on Qurate Retail Inc Series A from $18.00 to $19.00 and gave the company a “sell” rating in a research note on Friday, August 17th. Finally, Aegis boosted their target price on Qurate Retail Inc Series A from $30.00 to $31.00 and gave the company a “buy” rating in a research note on Monday, November 19th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $30.71.

Shares of NASDAQ QRTEA traded down $0.22 during midday trading on Tuesday, hitting $22.22. The stock had a trading volume of 4,325,602 shares, compared to its average volume of 2,866,276. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.51 and a current ratio of 0.97. Qurate Retail Inc Series A has a fifty-two week low of $20.00 and a fifty-two week high of $29.11. The stock has a market capitalization of $9.99 billion, a P/E ratio of 6.84, a price-to-earnings-growth ratio of 2.11 and a beta of 1.06.

In related news, Director Mark C. Vadon sold 122,574 shares of the company’s stock in a transaction dated Tuesday, September 18th. The stock was sold at an average price of $22.05, for a total transaction of $2,702,756.70. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.01% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dodge & Cox grew its position in Qurate Retail Inc Series A by 35.3% during the third quarter. Dodge & Cox now owns 52,572,349 shares of the company’s stock worth $1,167,632,000 after buying an additional 13,722,089 shares in the last quarter. BlackRock Inc. acquired a new stake in shares of Qurate Retail Inc Series A in the 2nd quarter valued at about $464,441,000. FMR LLC acquired a new stake in shares of Qurate Retail Inc Series A in the 2nd quarter valued at about $265,833,000. Lyrical Asset Management LP grew its stake in shares of Qurate Retail Inc Series A by 7.8% in the 3rd quarter. Lyrical Asset Management LP now owns 11,479,677 shares of the company’s stock valued at $254,964,000 after buying an additional 826,293 shares during the period. Finally, Artisan Partners Limited Partnership acquired a new stake in shares of Qurate Retail Inc Series A in the 2nd quarter valued at about $194,682,000. Institutional investors and hedge funds own 83.79% of the company’s stock.

About Qurate Retail Inc Series A

Qurate Retail, Inc, through its subsidiaries, engages in the video and online commerce industries in North America, Europe, and Asia. It markets and sells various consumer products primarily through live televised shopping programs, Websites, and mobile applications to 374 million households worldwide each day.

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