Qurate Retail Inc Series A (QRTEA) Set to Announce Quarterly Earnings on Wednesday

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Qurate Retail Inc Series A (NASDAQ:QRTEA) is set to announce its earnings results after the market closes on Wednesday, August 7th. Analysts expect the company to announce earnings of $0.42 per share for the quarter.

Qurate Retail Inc Series A (NASDAQ:QRTEA) last released its quarterly earnings results on Thursday, May 9th. The company reported $0.35 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.02). The business had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $3.25 billion. Qurate Retail Inc Series A had a net margin of 4.22% and a return on equity of 14.19%. The business’s quarterly revenue was down 4.5% on a year-over-year basis. During the same period last year, the firm posted $0.42 EPS. On average, analysts expect Qurate Retail Inc Series A to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

QRTEA opened at $13.23 on Tuesday. The company’s 50 day simple moving average is $12.96. The company has a market capitalization of $5.91 billion, a PE ratio of 7.11 and a beta of 1.13. 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 has a twelve month low of $11.17 and a twelve month high of $25.03.

A number of equities research analysts have recently weighed in on QRTEA shares. Zacks Investment Research cut Qurate Retail Inc Series A from a “hold” rating to a “sell” rating in a report on Wednesday, May 15th. Craig Hallum reissued a “buy” rating and set a $24.00 target price (down previously from $30.00) on shares of Qurate Retail Inc Series A in a report on Monday, May 13th. Three analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. Qurate Retail Inc Series A presently has a consensus rating of “Hold” and an average price target of $24.67.

In other news, Chairman Gregory B. Maffei bought 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The shares were purchased at an average price of $12.49 per share, with a total value of $1,249,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director John C. Malone bought 800,000 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The shares were purchased at an average cost of $12.48 per share, for a total transaction of $9,984,000.00. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 1,144,568 shares of company stock worth $14,292,546. 0.01% of the stock is owned by corporate insiders.

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 for Qurate Retail Inc Series A (NASDAQ:QRTEA)

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