Qurate Retail Inc Series B (QRTEB) Issues Quarterly Earnings Results
Qurate Retail Inc Series B (NASDAQ:QRTEB) released its quarterly earnings data on Friday. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.14, Morningstar.com reports. The company had revenue of $3.23 billion during the quarter. Qurate Retail Inc Series B had a net margin of 10.97% and a return on equity of 21.05%.
Qurate Retail Inc Series B stock remained flat at $$23.17 during trading hours on Friday. 100 shares of the company’s stock traded hands, compared to its average volume of 380. Qurate Retail Inc Series B has a 12 month low of $19.62 and a 12 month high of $28.90. The stock has a market cap of $10.66 billion, a PE ratio of 6.70 and a beta of 0.85. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.57 and a current ratio of 1.00.
An institutional investor recently bought a new position in Qurate Retail Inc Series B stock. Dimensional Fund Advisors LP purchased a new position in Qurate Retail Inc Series B (NASDAQ:QRTEB) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 38,728 shares of the company’s stock, valued at approximately $804,000. Hedge funds and other institutional investors own 0.03% of the company’s stock.
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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