Qurate Retail Inc Series B (QRTEB) Posts Earnings Results, Beats Estimates By $0.14 EPS

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Qurate Retail Inc Series B (NASDAQ:QRTEB) announced its earnings results on Friday. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.14, Morningstar.com reports. Qurate Retail Inc Series B had a return on equity of 21.05% and a net margin of 10.97%. The firm had revenue of $3.23 billion for the quarter.

QRTEB stock remained flat at $$23.17 during midday trading on Friday. The company’s stock had a trading volume of 100 shares, compared to its average volume of 380. The company has a quick ratio of 0.57, a current ratio of 1.00 and a debt-to-equity ratio of 1.08. The stock has a market cap of $10.66 billion, a price-to-earnings ratio of 6.70 and a beta of 0.85. Qurate Retail Inc Series B has a 12 month low of $19.62 and a 12 month high of $28.90.

A hedge fund recently bought a new stake in Qurate Retail Inc Series B stock. Dimensional Fund Advisors LP bought a new position in Qurate Retail Inc Series B (NASDAQ:QRTEB) in the second quarter, according to its most recent disclosure with the SEC. The firm bought 38,728 shares of the company’s stock, valued at approximately $804,000. Institutional investors own 0.03% of the company’s stock.

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About Qurate Retail Inc Series B

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.

Further Reading: Why do company’s buyback their stock?

Earnings History for Qurate Retail Inc Series B (NASDAQ:QRTEB)

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