Equities analysts expect that Qurate Retail Inc Series A (NASDAQ:QRTEA) will report $3.25 billion in sales for the current quarter, Zacks reports. Two analysts have provided estimates for Qurate Retail Inc Series A’s earnings, with estimates ranging from $3.23 billion to $3.26 billion. Qurate Retail Inc Series A reported sales of $3.23 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 0.6%. The firm is expected to report its next quarterly earnings results after the market closes on Thursday, May 9th.

On average, analysts expect that Qurate Retail Inc Series A will report full year sales of $14.22 billion for the current year, with estimates ranging from $14.20 billion to $14.25 billion. For the next fiscal year, analysts expect that the company will post sales of $14.53 billion, with estimates ranging from $14.43 billion to $14.62 billion. Zacks’ sales averages are a mean average based on a survey of research firms that cover Qurate Retail Inc Series A.

Qurate Retail Inc Series A (NASDAQ:QRTEA) last posted 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). The firm had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.40 billion. Qurate Retail Inc Series A had a return on equity of 15.39% and a net margin of 4.79%. The business’s quarterly revenue was down 1.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.42 EPS.

Several analysts have recently weighed in on QRTEA shares. DA Davidson dropped their price objective on shares of Qurate Retail Inc Series A to $25.00 and set a “buy” rating for the company in a report on Friday, March 1st. Bank of America lowered shares of Qurate Retail Inc Series A from a “buy” rating to an “underperform” rating in a report on Thursday, February 28th. ValuEngine lowered shares of Qurate Retail Inc Series A from a “sell” rating to a “strong sell” rating in a report on Thursday, February 28th. Zacks Investment Research lowered shares of Qurate Retail Inc Series A from a “hold” rating to a “sell” rating in a report on Thursday, January 17th. Finally, Citigroup raised shares of Qurate Retail Inc Series A from a “sell” rating to a “buy” rating and raised their price objective for the stock from $19.00 to $21.00 in a report on Friday, March 8th. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company. Qurate Retail Inc Series A currently has an average rating of “Hold” and an average price target of $26.63.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. QS Investors LLC bought a new stake in shares of Qurate Retail Inc Series A during the fourth quarter valued at approximately $26,000. Essex Savings Bank bought a new stake in shares of Qurate Retail Inc Series A during the fourth quarter valued at approximately $26,000. Princeton Global Asset Management LLC bought a new stake in shares of Qurate Retail Inc Series A during the fourth quarter valued at approximately $36,000. Whittier Trust Co. grew its stake in shares of Qurate Retail Inc Series A by 797.1% during the fourth quarter. Whittier Trust Co. now owns 1,857 shares of the company’s stock valued at $36,000 after purchasing an additional 1,650 shares during the last quarter. Finally, CENTRAL TRUST Co grew its stake in shares of Qurate Retail Inc Series A by 30.8% during the fourth quarter. CENTRAL TRUST Co now owns 7,826 shares of the company’s stock valued at $152,000 after purchasing an additional 1,845 shares during the last quarter. 87.97% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ QRTEA opened at $17.28 on Tuesday. The company has a market cap of $7.41 billion, a PE ratio of 9.29 and a beta of 0.96. 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 1-year low of $15.80 and a 1-year high of $25.74.

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.

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

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