Zacks: Analysts Expect Qurate Retail Inc Series A (NASDAQ:QRTEA) Will Post Earnings of $0.42 Per Share

Analysts expect that Qurate Retail Inc Series A (NASDAQ:QRTEA) will report earnings of $0.42 per share for the current quarter, Zacks reports. Two analysts have made estimates for Qurate Retail Inc Series A’s earnings, with the highest EPS estimate coming in at $0.55 and the lowest estimate coming in at $0.28. Qurate Retail Inc Series A reported earnings per share of $0.45 in the same quarter last year, which would indicate a negative year over year growth rate of 6.7%. The company is expected to report its next earnings report after the market closes on Wednesday, August 7th.

According to Zacks, analysts expect that Qurate Retail Inc Series A will report full year earnings of $1.59 per share for the current fiscal year, with EPS estimates ranging from $1.27 to $2.12. For the next fiscal year, analysts forecast that the company will report earnings of $1.68 per share, with EPS estimates ranging from $1.00 to $2.31. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover Qurate Retail Inc Series A.

Qurate Retail Inc Series A (NASDAQ:QRTEA) last released its earnings results on Thursday, May 9th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.02). Qurate Retail Inc Series A had a return on equity of 14.19% and a net margin of 4.22%. The business had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.25 billion. During the same quarter in the previous year, the firm posted $0.42 EPS. The business’s revenue for the quarter was down 4.5% on a year-over-year basis.

Several research firms have issued reports on QRTEA. Craig Hallum reiterated a “buy” rating and set a $12.00 target price (up previously from $10.00) on shares of Akoustis Technologies in a research report on Monday, May 13th. Zacks Investment Research cut HEXO from a “hold” rating to a “sell” rating in a research report on Wednesday, May 15th. Three analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. Qurate Retail Inc Series A currently has a consensus rating of “Hold” and a consensus price target of $24.67.

NASDAQ QRTEA traded up $0.26 on Friday, hitting $12.92. 2,761,459 shares of the company’s stock were exchanged, compared to its average volume of 4,052,193. The company has a current ratio of 1.02, a quick ratio of 0.59 and a debt-to-equity ratio of 1.07. The firm has a 50-day moving average price of $12.69. Qurate Retail Inc Series A has a fifty-two week low of $11.17 and a fifty-two week high of $25.03. The stock has a market cap of $5.55 billion, a price-to-earnings ratio of 6.95 and a beta of 1.12.

In other news, CEO Michael A. George purchased 244,568 shares of the stock in a transaction that occurred on Monday, May 13th. The shares were acquired at an average price of $12.51 per share, for a total transaction of $3,059,545.68. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director John C. Malone purchased 800,000 shares of the stock in a transaction that occurred on Monday, May 13th. The stock was purchased at an average price of $12.48 per share, for a total transaction of $9,984,000.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 1,144,568 shares of company stock worth $14,292,546 in the last quarter. 0.01% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Princeton Global Asset Management LLC acquired a new stake in Qurate Retail Inc Series A during the 4th quarter valued at $36,000. Wells Fargo & Company MN grew its holdings in Qurate Retail Inc Series A by 7.6% during the 1st quarter. Wells Fargo & Company MN now owns 2,652,560 shares of the company’s stock valued at $42,388,000 after buying an additional 188,117 shares during the last quarter. Tech Square Trading LP acquired a new stake in Qurate Retail Inc Series A during the 1st quarter valued at $247,000. Signition LP grew its holdings in Qurate Retail Inc Series A by 58.0% during the 1st quarter. Signition LP now owns 46,970 shares of the company’s stock valued at $751,000 after buying an additional 17,242 shares during the last quarter. Finally, George Kaiser Family Foundation grew its holdings in Qurate Retail Inc Series A by 27.2% during the 1st quarter. George Kaiser Family Foundation now owns 166,501 shares of the company’s stock valued at $2,661,000 after buying an additional 35,652 shares during the last quarter. Institutional investors and hedge funds own 86.25% of the company’s stock.

Qurate Retail Inc Series A Company Profile

Qurate Retail, Inc, through its subsidiaries, engages in the video and online commerce industries in North America, Europe, and Asia. The company markets and sells various consumer products primarily through live video programs, Websites, and mobile applications to 404 million households worldwide each day.

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Earnings History and Estimates for Qurate Retail Inc Series A (NASDAQ:QRTEA)

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