Qurate Retail Inc Series A Expected to Post FY2018 Earnings of $2.04 Per Share (QRTEA)
Qurate Retail Inc Series A (NASDAQ:QRTEA) – DA Davidson raised their FY2018 earnings per share estimates for shares of Qurate Retail Inc Series A in a research note issued to investors on Monday, November 12th. DA Davidson analyst T. Forte now expects that the company will post earnings of $2.04 per share for the year, up from their previous forecast of $1.96. DA Davidson also issued estimates for Qurate Retail Inc Series A’s Q3 2019 earnings at $0.40 EPS, FY2019 earnings at $2.22 EPS, FY2020 earnings at $2.32 EPS and FY2021 earnings at $2.62 EPS.
Qurate Retail Inc Series A (NASDAQ:QRTEA) last posted its quarterly earnings data on Friday, November 9th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.04. Qurate Retail Inc Series A had a return on equity of 22.24% and a net margin of 9.88%. The company had revenue of $3.23 billion during the quarter, compared to analysts’ expectations of $3.19 billion. Qurate Retail Inc Series A’s quarterly revenue was up 35.7% compared to the same quarter last year.
QRTEA opened at $23.54 on Wednesday. Qurate Retail Inc Series A has a 1-year low of $20.00 and a 1-year high of $29.11. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.97 and a quick ratio of 0.57. The company has a market capitalization of $11.21 billion, a PE ratio of 7.24, a price-to-earnings-growth ratio of 2.38 and a beta of 1.06.
A number of hedge funds have recently modified their holdings of the stock. Signaturefd LLC bought a new position in shares of Qurate Retail Inc Series A during the second quarter valued at $106,000. FTB Advisors Inc. lifted its holdings in shares of Qurate Retail Inc Series A by 1,192.2% during the second quarter. FTB Advisors Inc. now owns 5,311 shares of the company’s stock valued at $111,000 after acquiring an additional 4,900 shares during the period. Proequities Inc. bought a new position in shares of Qurate Retail Inc Series A during the third quarter valued at $119,000. CENTRAL TRUST Co lifted its holdings in shares of Qurate Retail Inc Series A by 204.4% during the third quarter. CENTRAL TRUST Co now owns 5,981 shares of the company’s stock valued at $133,000 after acquiring an additional 4,016 shares during the period. Finally, Bronfman E.L. Rothschild L.P. bought a new position in shares of Qurate Retail Inc Series A during the second quarter valued at $159,000. 84.77% of the stock is owned by hedge funds and other institutional investors.
In related news, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael A. George bought 220,600 shares of Qurate Retail Inc Series A stock in a transaction that occurred on Thursday, August 30th. The stock was purchased at an average cost 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 corporate insiders.
Qurate Retail Inc Series A Company Profile
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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