Wall Street analysts expect that Qurate Retail Inc Series A (NASDAQ:QRTEA) will report $3.07 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Qurate Retail Inc Series A’s earnings, with estimates ranging from $3.04 billion to $3.11 billion. Qurate Retail Inc Series A reported sales of $3.23 billion during the same quarter last year, which indicates a negative year over year growth rate of 5%. The company is scheduled to report its next earnings results on Wednesday, August 14th.

On average, analysts expect that Qurate Retail Inc Series A will report full-year sales of $13.44 billion for the current year, with estimates ranging from $13.38 billion to $13.51 billion. For the next financial year, analysts expect that the business will report sales of $13.35 billion, with estimates ranging from $13.21 billion to $13.49 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for 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 for the quarter, missing the consensus estimate of $0.37 by ($0.02). Qurate Retail Inc Series A had a net margin of 4.22% and a return on equity of 14.06%. The business had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $3.25 billion. During the same quarter in the previous year, the firm earned $0.42 EPS. The firm’s revenue for the quarter was down 4.5% on a year-over-year basis.

QRTEA has been the subject of several recent research reports. DA Davidson lowered their price target on shares of Qurate Retail Inc Series A to $25.00 and set a “buy” rating for the company in a research report on Friday, March 1st. Bank of America downgraded Qurate Retail Inc Series A from a “buy” rating to an “underperform” rating in a 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. Zacks Investment Research downgraded Qurate Retail Inc Series A from a “hold” rating to a “sell” rating in a report on Thursday, January 17th. Finally, Citigroup upgraded Qurate Retail Inc Series A from a “sell” rating to a “buy” rating and boosted their price objective for the stock from $19.00 to $21.00 in a report on Friday, March 8th. Three analysts have rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company’s stock. Qurate Retail Inc Series A currently has an average rating of “Hold” and a consensus price target of $25.43.

QRTEA stock traded up $0.11 during trading on Wednesday, hitting $12.75. 5,461,000 shares of the company’s stock traded hands, compared to its average volume of 3,164,095. The firm has a market cap of $5.44 billion, a price-to-earnings ratio of 6.85 and a beta of 0.99. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.06 and a quick ratio of 0.69. Qurate Retail Inc Series A has a 52 week low of $11.17 and a 52 week high of $25.03.

In other Qurate Retail Inc Series A news, Chairman Gregory B. Maffei acquired 100,000 shares of Qurate Retail Inc Series A stock in a transaction dated Tuesday, May 14th. The stock was bought at an average cost of $12.49 per share, with a total value of $1,249,000.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John C. Malone acquired 800,000 shares of Qurate Retail Inc Series A stock in a transaction dated Monday, May 13th. The stock was acquired at an average cost of $12.48 per share, with a total value of $9,984,000.00. The disclosure for this purchase can be found here. Insiders bought 1,144,568 shares of company stock valued at $14,292,546 over the last three months. 0.01% of the stock is owned by company insiders.

A number of hedge funds have recently modified their holdings of QRTEA. Essex Savings Bank bought a new position in Qurate Retail Inc Series A in the fourth quarter worth $26,000. QS Investors LLC bought a new position in Qurate Retail Inc Series A in the fourth quarter worth $26,000. Cresset Asset Management LLC bought a new position in Qurate Retail Inc Series A in the first quarter worth $32,000. Whittier Trust Co. lifted its position in Qurate Retail Inc Series A by 797.1% in the fourth quarter. Whittier Trust Co. now owns 1,857 shares of the company’s stock worth $36,000 after purchasing an additional 1,650 shares during the period. Finally, Princeton Global Asset Management LLC bought a new position in Qurate Retail Inc Series A in the fourth quarter worth $36,000. 87.86% of the stock is owned by hedge funds and other institutional investors.

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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