Equities analysts expect that Qurate Retail Inc Series A (NASDAQ:QRTEA) will announce sales of $3.09 billion for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Qurate Retail Inc Series A’s earnings. The lowest sales estimate is $3.07 billion and the highest is $3.11 billion. Qurate Retail Inc Series A posted sales of $3.23 billion during the same quarter last year, which would indicate a negative year-over-year growth rate of 4.3%. The firm is expected to issue its next quarterly earnings results on Friday, November 8th.

According to Zacks, analysts expect that Qurate Retail Inc Series A will report full year sales of $13.44 billion for the current fiscal year, with estimates ranging from $13.38 billion to $13.51 billion. For the next fiscal year, analysts anticipate that the company will report sales of $13.35 billion, with estimates ranging from $13.21 billion to $13.49 billion. Zacks Investment Research’s sales averages are a mean 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 announced its earnings results on Wednesday, August 7th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.06. Qurate Retail Inc Series A had a net margin of 3.75% and a return on equity of 14.12%. The business had revenue of $3.11 billion for the quarter, compared to analyst estimates of $3.11 billion. During the same quarter last year, the business earned $0.46 earnings per share. The company’s revenue for the quarter was down 3.8% compared to the same quarter last year.

Several equities analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Qurate Retail Inc Series A from a “hold” rating to a “sell” rating in a research note on Wednesday, May 15th. Craig Hallum reissued a “buy” rating and issued a $24.00 price target (down from $30.00) on shares of Qurate Retail Inc Series A in a research note on Monday, May 13th. Finally, DA Davidson set a $16.00 price target on shares of Qurate Retail Inc Series A and gave the stock a “buy” rating in a research note on Friday. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $23.17.

Shares of NASDAQ QRTEA traded down $0.08 during trading on Thursday, hitting $12.63. The company had a trading volume of 3,308,650 shares, compared to its average volume of 3,571,591. The firm’s fifty day simple moving average is $13.05. Qurate Retail Inc Series A has a fifty-two week low of $11.17 and a fifty-two week high of $25.03. The firm has a market capitalization of $5.43 billion, a price-to-earnings ratio of 6.79 and a beta of 1.13. The company has a quick ratio of 0.59, a current ratio of 1.02 and a debt-to-equity ratio of 1.07.

Several large investors have recently bought and sold shares of the company. BlackRock Inc. boosted its stake in shares of Qurate Retail Inc Series A by 3.6% during the 2nd quarter. BlackRock Inc. now owns 21,551,472 shares of the company’s stock worth $267,023,000 after purchasing an additional 757,262 shares during the last quarter. FMR LLC grew its position in Qurate Retail Inc Series A by 9.8% in the first quarter. FMR LLC now owns 7,611,313 shares of the company’s stock valued at $121,628,000 after acquiring an additional 679,691 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Qurate Retail Inc Series A by 0.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 7,078,408 shares of the company’s stock valued at $138,170,000 after acquiring an additional 49,418 shares in the last quarter. Prudential Financial Inc. grew its position in shares of Qurate Retail Inc Series A by 25.9% during the second quarter. Prudential Financial Inc. now owns 5,730,741 shares of the company’s stock worth $71,004,000 after buying an additional 1,178,693 shares in the last quarter. Finally, International Value Advisers LLC grew its position in shares of Qurate Retail Inc Series A by 55.2% during the second quarter. International Value Advisers LLC now owns 5,659,240 shares of the company’s stock worth $70,118,000 after buying an additional 2,012,010 shares in the last quarter. 86.10% of the stock is currently owned by institutional investors and hedge funds.

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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