Equities analysts expect Qurate Retail Inc Series A (NASDAQ:QRTEA) to report earnings of $0.26 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Qurate Retail Inc Series A’s earnings, with the highest EPS estimate coming in at $0.43 and the lowest estimate coming in at $0.12. Qurate Retail Inc Series A reported earnings of $0.37 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 29.7%. The firm is scheduled to issue its next earnings results on Friday, November 8th.

According to Zacks, analysts expect that Qurate Retail Inc Series A will report full year earnings of $1.57 per share for the current year, with EPS estimates ranging from $1.27 to $2.04. For the next fiscal year, analysts anticipate that the business will post earnings of $1.67 per share, with EPS estimates ranging from $1.00 to $2.27. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that cover Qurate Retail Inc Series A.

Qurate Retail Inc Series A (NASDAQ:QRTEA) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.48 EPS for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.06. The firm had revenue of $3.11 billion for the quarter, compared to analysts’ expectations of $3.11 billion. Qurate Retail Inc Series A had a net margin of 3.75% and a return on equity of 14.12%. The firm’s revenue was down 3.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.46 EPS.

A number of equities research analysts recently commented on the stock. Craig Hallum reissued a “buy” rating and issued a $24.00 price objective (down from $30.00) on shares of Qurate Retail Inc Series A in a research note on Monday, May 13th. Zacks Investment Research cut shares of Qurate Retail Inc Series A from a “hold” rating to a “sell” rating in a research note on Wednesday, May 15th. Finally, DA Davidson set a $16.00 price objective on shares of Qurate Retail Inc Series A and gave the company 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. Qurate Retail Inc Series A currently has an average rating of “Hold” and an average price target of $23.17.

Several institutional investors have recently added to or reduced their stakes in QRTEA. BlackRock Inc. boosted its position in shares of Qurate Retail Inc Series A by 3.6% in the second quarter. BlackRock Inc. now owns 21,551,472 shares of the company’s stock worth $267,023,000 after acquiring an additional 757,262 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in Qurate Retail Inc Series A by 3.0% in the second quarter. Nomura Asset Management Co. Ltd. now owns 83,261 shares of the company’s stock valued at $1,032,000 after buying an additional 2,403 shares during the period. US Bancorp DE raised its holdings in Qurate Retail Inc Series A by 28.1% in the second quarter. US Bancorp DE now owns 50,090 shares of the company’s stock valued at $620,000 after buying an additional 10,983 shares during the period. ETRADE Capital Management LLC raised its holdings in Qurate Retail Inc Series A by 8.6% in the second quarter. ETRADE Capital Management LLC now owns 16,891 shares of the company’s stock valued at $209,000 after buying an additional 1,344 shares during the period. Finally, HighTower Advisors LLC raised its holdings in Qurate Retail Inc Series A by 3.6% in the second quarter. HighTower Advisors LLC now owns 57,139 shares of the company’s stock valued at $708,000 after buying an additional 1,962 shares during the period. 86.10% of the stock is currently owned by institutional investors.

NASDAQ QRTEA traded down $0.08 during trading hours on Tuesday, reaching $12.63. The company’s stock had a trading volume of 3,308,650 shares, compared to its average volume of 3,571,591. The company has a market cap of $5.43 billion, a PE ratio of 6.79 and a beta of 1.13. Qurate Retail Inc Series A has a fifty-two week low of $11.17 and a fifty-two week high of $25.03. The business’s 50-day moving average price is $13.05. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.59 and a current ratio of 1.02.

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.

See Also: Discount Rate

Get a free copy of the Zacks research report on Qurate Retail Inc Series A (QRTEA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Qurate Retail Inc Series A Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Qurate Retail Inc Series A and related companies with MarketBeat.com's FREE daily email newsletter.