Qurate Retail Inc Series A (NASDAQ:QRTEA) posted its quarterly earnings results on Wednesday. The company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.01), Bloomberg Earnings reports. The company had revenue of $3.23 billion for the quarter, compared to analyst estimates of $3.23 billion. Qurate Retail Inc Series A had a return on equity of 19.57% and a net margin of 11.15%.
Qurate Retail Inc Series A traded down $0.39, reaching $22.77, during trading on Friday, according to Marketbeat Ratings. The company’s stock had a trading volume of 2,030,300 shares, compared to its average volume of 2,792,698. The company has a quick ratio of 0.71, a current ratio of 1.09 and a debt-to-equity ratio of 1.07. The stock has a market capitalization of $10.35 billion, a PE ratio of 7.06, a price-to-earnings-growth ratio of 0.75 and a beta of 1.34. Qurate Retail Inc Series A has a 1-year low of $20.15 and a 1-year high of $29.11.
Several research firms recently commented on QRTEA. FBN Securities upgraded shares of Qurate Retail Inc Series A from a “sector perform” rating to an “outperform” rating and set a $32.41 price target for the company in a report on Tuesday, April 24th. Zacks Investment Research cut shares of Qurate Retail Inc Series A from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 9th. ValuEngine upgraded shares of Qurate Retail Inc Series A from a “strong sell” rating to a “sell” rating in a report on Wednesday. B. Riley decreased their price target on shares of 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. Finally, Citigroup reduced their target price on shares of Qurate Retail Inc Series A from $25.00 to $18.00 and set a “sell” rating for the company in a research note on Tuesday, June 19th. Three analysts have rated the stock with a sell rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $30.49.
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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