Qurate Retail, Inc., together with 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 merchandise-focused televised shopping programs, Internet, and mobile applications. It also operates as an online retailer offering women's, children's, and men's apparel; and other products, such as home, accessories, and beauty products through its app, mobile, and desktop applications. The company serves approximately 200 million homes worldwide. The company was formerly known as Liberty Interactive Corporation and changed its name to Qurate Retail, Inc. in April 2018. Qurate Retail, Inc. was founded in 1991 and is headquartered in Englewood, Colorado.
Qurate Retail Stock Up 12.7 %
Shares of Qurate Retail stock opened at $3.55 on Friday. The company has a current ratio of 0.97, a quick ratio of 0.56 and a debt-to-equity ratio of 1.73. The business's 50 day simple moving average is $3.05 and its 200-day simple moving average is $4.44. The stock has a market capitalization of $1.36 billion, a price-to-earnings ratio of 11.83 and a beta of 1.74. Qurate Retail has a twelve month low of $2.09 and a twelve month high of $12.11.
Qurate Retail (NASDAQ:QRTEA - Get Rating) last issued its quarterly earnings data on Friday, May 6th. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.28 by ($0.13). Qurate Retail had a return on equity of 15.84% and a net margin of 0.99%. The business had revenue of $2.88 billion during the quarter. Equities research analysts forecast that Qurate Retail will post 0.85 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on the company. StockNews.com downgraded Qurate Retail from a "hold" rating to a "sell" rating in a research report on Tuesday, April 26th. Evercore ISI lowered their price target on Qurate Retail to $3.00 in a research report on Monday, July 4th. Finally, Citigroup lowered their price target on Qurate Retail from $4.00 to $3.00 and set a "neutral" rating for the company in a research report on Thursday, July 7th.