Zacks: Analysts Anticipate Qurate Retail Inc Series A (QRTEA) Will Post Earnings of $0.33 Per Share

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Wall Street brokerages expect that Qurate Retail Inc Series A (NASDAQ:QRTEA) will announce earnings per share (EPS) of $0.33 for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Qurate Retail Inc Series A’s earnings. The lowest EPS estimate is $0.26 and the highest is $0.39. Qurate Retail Inc Series A reported earnings of $0.26 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 26.9%. The firm is scheduled to announce its next earnings results before the market opens on Friday, November 9th.

According to Zacks, analysts expect that Qurate Retail Inc Series A will report full-year earnings of $2.04 per share for the current fiscal year, with EPS estimates ranging from $1.96 to $2.12. For the next year, analysts expect that the company will report earnings of $2.31 per share, with EPS estimates ranging from $2.10 to $2.49. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Qurate Retail Inc Series A.

Qurate Retail Inc Series A (NASDAQ:QRTEA) last released its quarterly earnings data on Wednesday, August 8th. The company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.01). The company had revenue of $3.23 billion during the quarter, compared to analyst estimates of $3.23 billion. Qurate Retail Inc Series A had a net margin of 10.97% and a return on equity of 21.05%.

Several equities research analysts have recently commented on the company. Zacks Investment Research downgraded Qurate Retail Inc Series A from a “hold” rating to a “sell” rating in a report on Wednesday, August 1st. ValuEngine raised Qurate Retail Inc Series A from a “strong sell” rating to a “sell” rating in a report on Tuesday, October 16th. Citigroup raised their price target on Qurate Retail Inc Series A from $18.00 to $19.00 and gave the company a “sell” rating in a report on Friday, August 17th. Finally, Aegis reaffirmed a “buy” rating and set a $30.00 price target on shares of Qurate Retail Inc Series A in a report on Tuesday, August 21st. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Qurate Retail Inc Series A has an average rating of “Buy” and an average target price of $30.60.

In other Qurate Retail Inc Series A news, Director Mark C. Vadon sold 122,574 shares of the stock in a transaction on 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 legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Michael A. George acquired 220,600 shares of the stock in a transaction on Thursday, August 30th. The shares were purchased at an average price of $20.40 per share, for a total transaction of $4,500,240.00. The disclosure for this purchase can be found here. Company insiders own 0.01% of the company’s stock.

A number of hedge funds have recently bought and sold shares of QRTEA. Signaturefd LLC bought a new position in shares of Qurate Retail Inc Series A in the second quarter worth $106,000. FTB Advisors Inc. grew its position in Qurate Retail Inc Series A by 1,192.2% in the second quarter. FTB Advisors Inc. now owns 5,311 shares of the company’s stock valued at $111,000 after acquiring an additional 4,900 shares during the last quarter. CENTRAL TRUST Co grew its position in Qurate Retail Inc Series A by 204.4% in the third quarter. CENTRAL TRUST Co now owns 5,981 shares of the company’s stock valued at $133,000 after acquiring an additional 4,016 shares during the last quarter. Bronfman E.L. Rothschild L.P. bought a new position in Qurate Retail Inc Series A in the second quarter valued at about $159,000. Finally, Icon Wealth Partners LLC bought a new position in Qurate Retail Inc Series A in the second quarter valued at about $161,000. Hedge funds and other institutional investors own 84.95% of the company’s stock.

NASDAQ QRTEA opened at $23.71 on Friday. The company has a market capitalization of $10.60 billion, a PE ratio of 7.30, a P/E/G ratio of 2.24 and a beta of 1.06. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.00 and a quick ratio of 0.57. Qurate Retail Inc Series A has a 12 month low of $20.00 and a 12 month high of $29.11.

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

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