Analysts expect that Qurate Retail Inc Series A (NASDAQ:QRTEA) will report $0.37 earnings per share for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Qurate Retail Inc Series A’s earnings. The highest EPS estimate is $0.43 and the lowest is $0.32. Qurate Retail Inc Series A posted earnings per share of $0.49 during the same quarter last year, which indicates a negative year over year growth rate of 24.5%. The company is scheduled to issue its next earnings results after the market closes on Thursday, May 9th.

According to Zacks, analysts expect that Qurate Retail Inc Series A will report full-year earnings of $1.86 per share for the current fiscal year, with EPS estimates ranging from $1.47 to $2.30. For the next financial year, analysts anticipate that the business will report earnings of $2.03 per share, with EPS estimates ranging from $1.54 to $2.73. Zacks’ EPS averages 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 announced its quarterly earnings data on Wednesday, February 27th. The company reported $0.62 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.81 by ($0.19). Qurate Retail Inc Series A had a net margin of 4.79% and a return on equity of 15.39%. The company had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $4.40 billion. During the same quarter in the previous year, the firm posted $0.42 EPS. The business’s revenue for the quarter was down 1.0% compared to the same quarter last year.

QRTEA has been the subject of several recent research reports. Evercore ISI initiated coverage on Qurate Retail Inc Series A in a research report on Wednesday, March 20th. They issued an “in-line” rating and a $20.00 price objective for the company. Bank of America downgraded Qurate Retail Inc Series A from a “buy” rating to an “underperform” rating in a research report on Thursday, February 28th. ValuEngine downgraded Qurate Retail Inc Series A from a “sell” rating to a “strong sell” rating in a report on Thursday, February 28th. DA Davidson decreased their target price on Qurate Retail Inc Series A to $25.00 and set a “buy” rating for the company in a report on Friday, March 1st. Finally, Zacks Investment Research downgraded Qurate Retail Inc Series A from a “hold” rating to a “sell” rating in a report on Thursday, January 17th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $26.63.

QRTEA stock traded down $0.13 during midday trading on Friday, hitting $16.78. The company had a trading volume of 2,018,344 shares, compared to its average volume of 3,900,941. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.69 and a current ratio of 1.06. Qurate Retail Inc Series A has a 52 week low of $15.80 and a 52 week high of $25.72. The company has a market capitalization of $7.30 billion, a P/E ratio of 9.02 and a beta of 0.96.

Several institutional investors have recently made changes to their positions in QRTEA. Dodge & Cox raised its holdings in shares of 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 valued at $1,167,632,000 after acquiring an additional 13,722,089 shares in the last quarter. Norges Bank purchased a new stake in Qurate Retail Inc Series A in the fourth quarter worth $74,476,000. Oregon Public Employees Retirement Fund grew its stake in Qurate Retail Inc Series A by 2,384.3% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,677,510 shares of the company’s stock worth $86,000 after purchasing an additional 1,609,986 shares during the period. Metropolis Capital Ltd purchased a new stake in Qurate Retail Inc Series A in the fourth quarter worth $29,166,000. Finally, South Texas Money Management Ltd. purchased a new stake in Qurate Retail Inc Series A in the fourth quarter worth $19,418,000. Institutional investors own 87.97% 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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