$0.18 Earnings Per Share Expected for Qurate Retail Inc Series A (NASDAQ:QRTEA) This Quarter

Equities research analysts expect Qurate Retail Inc Series A (NASDAQ:QRTEA) to announce earnings per share (EPS) of $0.18 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Qurate Retail Inc Series A’s earnings, with the highest EPS estimate coming in at $0.23 and the lowest estimate coming in at $0.12. Qurate Retail Inc Series A posted earnings per share of $0.37 during the same quarter last year, which indicates a negative year over year growth rate of 51.4%. The firm is scheduled to issue its next earnings results on Friday, November 8th.

According to Zacks, analysts expect that Qurate Retail Inc Series A will report full-year earnings of $1.57 per share for the current financial year, with EPS estimates ranging from $1.27 to $2.04. For the next fiscal year, analysts expect that the firm will report earnings of $1.67 per share, with EPS estimates ranging from $1.00 to $2.27. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that follow Qurate Retail Inc Series A.

Qurate Retail Inc Series A (NASDAQ:QRTEA) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.48 EPS for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.06. The company had revenue of $3.11 billion for the quarter, compared to analysts’ expectations of $3.11 billion. Qurate Retail Inc Series A had a return on equity of 14.12% and a net margin of 3.75%. The firm’s revenue was down 3.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.46 EPS.

Several equities analysts have commented on the company. Craig Hallum reaffirmed a “buy” rating and issued a $24.00 price objective (down previously from $30.00) on shares of Qurate Retail Inc Series A in a research report on Monday, May 13th. Zacks Investment Research downgraded Qurate Retail Inc Series A from a “hold” rating to a “sell” rating in a research report on Wednesday, May 15th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $24.67.

Qurate Retail Inc Series A stock traded down $0.17 during mid-day trading on Tuesday, hitting $13.47. The company’s stock had a trading volume of 4,007,262 shares, compared to its average volume of 3,893,907. The company has a 50 day simple moving average of $12.99. The company has a market capitalization of $5.86 billion, a PE ratio of 7.24 and a beta of 1.13. The company has a current ratio of 1.02, a quick ratio of 0.59 and a debt-to-equity ratio of 1.07. Qurate Retail Inc Series A has a one year low of $11.17 and a one year high of $25.03.

In other Qurate Retail Inc Series A news, CEO Michael A. George purchased 244,568 shares of the firm’s stock in a transaction on Monday, May 13th. The stock was bought at an average cost of $12.51 per share, for a total transaction of $3,059,545.68. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Gregory B. Maffei purchased 100,000 shares of the firm’s stock in a transaction on Tuesday, May 14th. The stock was acquired at an average price of $12.49 per share, with a total value of $1,249,000.00. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 1,144,568 shares of company stock valued at $14,292,546. 0.01% of the stock is currently owned by company insiders.

Several large investors have recently made changes to their positions in the company. Wells Fargo & Company MN grew its holdings in Qurate Retail Inc Series A by 7.6% during the first quarter. Wells Fargo & Company MN now owns 2,652,560 shares of the company’s stock worth $42,388,000 after acquiring an additional 188,117 shares during the period. Tech Square Trading LP acquired a new stake in Qurate Retail Inc Series A during the first quarter worth about $247,000. Signition LP grew its holdings in Qurate Retail Inc Series A by 58.0% during the first quarter. Signition LP now owns 46,970 shares of the company’s stock worth $751,000 after acquiring an additional 17,242 shares during the period. George Kaiser Family Foundation grew its holdings in Qurate Retail Inc Series A by 27.2% during the first quarter. George Kaiser Family Foundation now owns 166,501 shares of the company’s stock worth $2,661,000 after acquiring an additional 35,652 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in Qurate Retail Inc Series A by 14.9% during the first quarter. JPMorgan Chase & Co. now owns 324,880 shares of the company’s stock worth $5,193,000 after acquiring an additional 42,212 shares during the period. Hedge funds and other institutional investors own 86.15% 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. The company markets and sells various consumer products primarily through live video programs, Websites, and mobile applications to 404 million households worldwide each day.

See Also: Initial Public Offering (IPO)

Get a free copy of the Zacks research report on Qurate Retail Inc Series A (QRTEA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Qurate Retail Inc Series A Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Qurate Retail Inc Series A and related companies with MarketBeat.com's FREE daily email newsletter.