Q2 2018 Earnings Estimate for Qurate Retail Inc Series A Issued By B. Riley (QRTEA)

Qurate Retail Inc Series A (NASDAQ:QRTEA) – Investment analysts at B. Riley lowered their Q2 2018 EPS estimates for Qurate Retail Inc Series A in a research note issued on Monday, July 30th. B. Riley analyst B. Crockett now forecasts that the company will post earnings per share of $0.46 for the quarter, down from their prior forecast of $0.52. B. Riley has a “Buy” rating and a $30.00 price target on the stock. B. Riley also issued estimates for Qurate Retail Inc Series A’s Q3 2018 earnings at $0.35 EPS, Q4 2018 earnings at $0.85 EPS and FY2018 earnings at $2.13 EPS.

Qurate Retail Inc Series A (NASDAQ:QRTEA) last announced its earnings results on Thursday, May 10th. The company reported $0.49 EPS for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.03. The business had revenue of $3.23 billion during the quarter, compared to the consensus estimate of $3.17 billion. Qurate Retail Inc Series A had a net margin of 11.15% and a return on equity of 19.57%.

A number of other equities research analysts have also weighed in on the company. Zacks Investment Research upgraded Qurate Retail Inc Series A from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research note on Tuesday, May 1st. Aegis restated a “buy” rating and set a $30.00 price target on shares of Qurate Retail Inc Series A in a research note on Monday, May 28th. FBN Securities upgraded Qurate Retail Inc Series A from a “sector perform” rating to an “outperform” rating and set a $32.41 price target on the stock in a research note on Tuesday, April 24th. ValuEngine lowered Qurate Retail Inc Series A from a “hold” rating to a “sell” rating in a research note on Friday, May 11th. Finally, Citigroup dropped their price target on Qurate Retail Inc Series A from $25.00 to $18.00 and set a “sell” rating on the stock in a research note on Tuesday, June 19th. Three analysts have rated the stock with a sell rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $30.49.

Shares of Qurate Retail Inc Series A stock opened at $21.35 on Thursday. The stock has a market capitalization of $10.00 billion, a price-to-earnings ratio of 6.57, a PEG ratio of 0.98 and a beta of 1.34. The company has a quick ratio of 0.71, a current ratio of 1.09 and a debt-to-equity ratio of 1.07. Qurate Retail Inc Series A has a one year low of $20.15 and a one year high of $29.11.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. LS Investment Advisors LLC purchased a new stake in Qurate Retail Inc Series A in the second quarter valued at approximately $165,000. South Street Advisors LLC purchased a new stake in Qurate Retail Inc Series A in the first quarter valued at approximately $237,000. Fox Run Management L.L.C. purchased a new stake in Qurate Retail Inc Series A in the second quarter valued at approximately $201,000. Parametrica Management Ltd purchased a new stake in Qurate Retail Inc Series A in the second quarter valued at approximately $209,000. Finally, BB&T Corp purchased a new stake in Qurate Retail Inc Series A in the second quarter valued at approximately $230,000. Hedge funds and other institutional investors own 84.62% of the company’s stock.

Qurate Retail Inc Series A Company Profile

Qurate Retail Group, Inc markets and sells various consumer products primarily through live merchandise-focused televised shopping programs, Websites, and mobile applications. The company's Websites offers home, apparel, beauty, accessories, jewelry, and electronics products. It also operates as an online retailer of women's, children's, and men's apparel, and children's merchandise; and home, beauty, and personalized products, as well as retails its products through catalogs, and retail and outlet stores.

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