Analysts expect Qurate Retail Inc Series A (NASDAQ:QRTEA) to report sales of $3.21 billion for the current quarter, Zacks reports. Three analysts have made estimates for Qurate Retail Inc Series A’s earnings, with the highest sales estimate coming in at $3.23 billion and the lowest estimate coming in at $3.19 billion. Qurate Retail Inc Series A posted sales of $2.38 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 34.9%. The business is scheduled to issue its next quarterly earnings results on Thursday, November 8th.

According to Zacks, analysts expect that Qurate Retail Inc Series A will report full-year sales of $14.10 billion for the current fiscal year, with estimates ranging from $14.04 billion to $14.15 billion. For the next financial year, analysts anticipate that the business will post sales of $14.51 billion per share, with estimates ranging from $14.43 billion to $14.62 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that cover Qurate Retail Inc Series A.

Qurate Retail Inc Series A (NASDAQ:QRTEA) last issued its quarterly earnings results on Wednesday, August 8th. The company reported $0.45 earnings per share 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 company had revenue of $3.23 billion for the quarter, compared to the consensus estimate of $3.23 billion.

QRTEA has been the subject of several analyst reports. Zacks Investment Research upgraded Qurate Retail Inc Series A from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a report on Tuesday, May 1st. Aegis restated a “buy” rating and set a $30.00 price target on shares of Qurate Retail Inc Series A in a report on Monday, May 28th. B. Riley reduced their price target on Qurate Retail Inc Series A from $33.00 to $30.00 and set a “buy” rating for the company in a report on Tuesday, May 22nd. FBN Securities raised Qurate Retail Inc Series A from a “sector perform” rating to an “outperform” rating and set a $32.41 price objective on the stock in a research report on Tuesday, April 24th. Finally, ValuEngine cut Qurate Retail Inc Series A from a “hold” rating to a “sell” rating in a research report on Friday, May 11th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $30.49.

Shares of Qurate Retail Inc Series A traded down $0.39, hitting $22.77, on Friday, MarketBeat.com reports. 2,030,032 shares of the company traded hands, compared to its average volume of 2,479,558. Qurate Retail Inc Series A has a 52 week low of $20.15 and a 52 week high of $29.11. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.00 and a quick ratio of 0.71. The company has a market capitalization of $10.88 billion, a PE ratio of 6.69, a PEG ratio of 0.80 and a beta of 1.34.

Several institutional investors have recently added to or reduced their stakes in QRTEA. FTB Advisors Inc. boosted its position in Qurate Retail Inc Series A by 1,192.2% in the second quarter. FTB Advisors Inc. now owns 5,311 shares of the company’s stock worth $111,000 after purchasing an additional 4,900 shares during the last quarter. Bronfman E.L. Rothschild L.P. purchased a new position in Qurate Retail Inc Series A in the second quarter worth about $159,000. LS Investment Advisors LLC purchased a new position in Qurate Retail Inc Series A in the second quarter worth about $165,000. South Street Advisors LLC purchased a new position in Qurate Retail Inc Series A in the first quarter worth about $237,000. Finally, Fox Run Management L.L.C. purchased a new position in Qurate Retail Inc Series A in the second quarter worth about $201,000. 84.74% of the stock is currently owned by institutional investors.

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.

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