Qurate Retail Inc Series A (QRTEA) Releases Earnings Results, Beats Expectations By $0.04 EPS

Qurate Retail Inc Series A (NASDAQ:QRTEA) posted its earnings results on Friday. The company reported $0.37 EPS for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.04, Briefing.com reports. Qurate Retail Inc Series A 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, compared to analysts’ expectations of $3.19 billion. The firm’s revenue for the quarter was up 35.7% compared to the same quarter last year.

QRTEA stock opened at $24.52 on Friday. The company has a market cap of $11.08 billion, a PE ratio of 6.96, a PEG ratio of 2.35 and a beta of 1.06. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.57 and a current ratio of 1.00. Qurate Retail Inc Series A has a one year low of $20.00 and a one year high of $29.11.

In related news, Director Mark C. Vadon sold 122,574 shares of Qurate Retail Inc Series A stock in a transaction that occurred on Tuesday, September 18th. The shares were sold at an average price of $22.05, for a total value of $2,702,756.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael A. George bought 220,600 shares of the company’s stock in a transaction that occurred on Thursday, August 30th. The stock was bought at an average price of $20.40 per share, with a total value of $4,500,240.00. The disclosure for this purchase can be found here. 0.01% of the stock is currently owned by insiders.

Institutional investors have recently bought and sold shares of the stock. Gabelli Funds LLC acquired a new position in shares of Qurate Retail Inc Series A in the second quarter worth $26,654,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Qurate Retail Inc Series A in the second quarter worth $248,000. Renaissance Technologies LLC acquired a new position in shares of Qurate Retail Inc Series A in the second quarter worth $21,888,000. Andra AP fonden grew its stake in shares of Qurate Retail Inc Series A by 1.2% in the second quarter. Andra AP fonden now owns 270,300 shares of the company’s stock worth $5,736,000 after acquiring an additional 3,200 shares in the last quarter. Finally, CENTRAL TRUST Co grew its stake in shares of Qurate Retail Inc Series A by 204.4% in the third quarter. CENTRAL TRUST Co now owns 5,981 shares of the company’s stock worth $133,000 after acquiring an additional 4,016 shares in the last quarter. Hedge funds and other institutional investors own 84.95% of the company’s stock.

A number of equities research analysts have recently commented on QRTEA shares. Zacks Investment Research upgraded Qurate Retail Inc Series A from a “sell” rating to a “hold” rating in a research report on Saturday, August 11th. Citigroup lifted their price objective on Qurate Retail Inc Series A from $18.00 to $19.00 and gave the stock a “sell” rating in a report on Friday, August 17th. ValuEngine upgraded Qurate Retail Inc Series A from a “strong sell” rating to a “sell” rating in a report on Tuesday, October 16th. Finally, Aegis reiterated a “buy” rating and issued a $30.00 price objective on shares of Qurate Retail Inc Series A in a report on Tuesday, August 21st. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $30.60.

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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. It markets and sells various consumer products primarily through live televised shopping programs, Websites, and mobile applications to 374 million households worldwide each day.

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

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