Qurate Retail Inc Series A (NASDAQ:QRTEA) – Analysts at B. Riley reduced their Q3 2018 earnings estimates for shares of Qurate Retail Inc Series A in a research report issued to clients and investors on Wednesday, September 5th, Zacks Investment Research reports. B. Riley analyst B. Crockett now forecasts that the company will post earnings of $0.27 per share for the quarter, down from their previous estimate of $0.35. B. Riley also issued estimates for Qurate Retail Inc Series A’s Q4 2018 earnings at $0.76 EPS, FY2018 earnings at $1.96 EPS, FY2019 earnings at $2.20 EPS and FY2020 earnings at $2.74 EPS.
Several other equities research analysts also recently issued reports on the company. ValuEngine downgraded Qurate Retail Inc Series A from a “sell” rating to a “strong sell” rating in a report on Thursday, August 23rd. Aegis reaffirmed a “buy” rating and set a $30.00 price target on shares of Qurate Retail Inc Series A in a report on Tuesday, August 21st. Citigroup raised their price target on Qurate Retail Inc Series A from $18.00 to $19.00 and gave the company a “sell” rating in a report on Friday, August 17th. Finally, Zacks Investment Research raised Qurate Retail Inc Series A from a “sell” rating to a “hold” rating in a report on Saturday, August 11th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Qurate Retail Inc Series A currently has a consensus rating of “Buy” and an average target price of $30.60.
Qurate Retail Inc Series A stock traded up $0.07 during mid-day trading on Friday, hitting $22.63. 4,639,846 shares of the company’s stock traded hands, compared to its average volume of 2,641,831. Qurate Retail Inc Series A has a fifty-two week low of $20.00 and a fifty-two week high of $29.11. The company has a market capitalization of $10.42 billion, a price-to-earnings ratio of 6.96, a P/E/G ratio of 2.15 and a beta of 1.29. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.00 and a quick ratio of 0.57.
Qurate Retail Inc Series A (NASDAQ:QRTEA) last announced its quarterly earnings results on Wednesday, August 8th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.01). Qurate Retail Inc Series A had a net margin of 10.97% and a return on equity of 21.05%. The business had revenue of $3.23 billion for the quarter, compared to analyst estimates of $3.23 billion.
In related news, CEO Michael A. George purchased 220,600 shares of the firm’s stock in a transaction that occurred on Thursday, August 30th. The shares were bought at an average price of $20.40 per share, for a total transaction of $4,500,240.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark C. Vadon sold 122,574 shares of the firm’s stock in a transaction on Tuesday, September 18th. The stock was sold at an average price of $22.05, for a total value of $2,702,756.70. The disclosure for this sale can be found here. 0.01% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Gabelli Funds LLC bought a new position in shares of Qurate Retail Inc Series A in the second quarter worth $26,654,000. Palladium Partners LLC bought a new position in Qurate Retail Inc Series A in the second quarter valued at about $456,000. Wittenberg Investment Management Inc. bought a new position in Qurate Retail Inc Series A in the second quarter valued at about $433,000. Victory Capital Management Inc. bought a new position in Qurate Retail Inc Series A in the second quarter valued at about $45,888,000. Finally, Sterling Investment Advisors Ltd. bought a new position in Qurate Retail Inc Series A in the second quarter valued at about $980,000. Institutional investors own 85.13% of the company’s stock.
Qurate Retail Inc Series A Company Profile
Qurate Retail Group, Inc markets and sells various consumer products primarily through live merchandise-focused televised shopping programs, Websites, and mobile applications. The company’s Websites offers home, apparel, beauty, accessories, jewelry, and electronics products. It also operates as an online retailer of women’s, children’s, and men’s apparel, and children’s merchandise; and home, beauty, and personalized products, as well as retails its products through catalogs, and retail and outlet stores.