QRTEA last reported earnings on November 09, 2018 when it released Sep-18 results that exceeded expectations. The company raked in $0.37 per share, -97.64% change on the same period last year. That was better than consensus for $0.32. Revenue for the recent quarter stood at $3.23 billion, up 36% on last year and above the $3.19 billion predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $4.38 billion to $4.43 billion, which should be compared with $3.37 billion generated last year. EPS is seen in a range of $0.61 to $0.91, against the $0.58 reported a year ago.
QRTEA’s 50 day simple moving average (SMA 50) price is $22.26 and its 200-day simple moving average (SMA 200) price is $22.86. The company’s stock currently has a total float of 408.12M shares. Its weekly volatility is hovering around 3.36% and felt 4.21% volatility in price over a month. On the upside, the share price will test short term resistance at around $22.62. On a downside, the stock is likely to find some support, which begins at $21.49. The failure to get near-term support could push it to $20.73.
Separately, it has been reported that multiple insider activity took place at Qurate Retail, Inc. (QRTEA). Director Vadon Mark C sold 122,574 shares for $4,693 in transaction occurred on 2018/09/18. After making this transaction, the Director owns a direct stake of 2,702,757 shares, worth $104,372, as per the last closing price. On 2018/08/30 George Michael A, President, CEO at QRTEA, purchased 220,600 shares at an average price of $20.4 per share. The new stake is valued at $35,855,684.
Director, Gilchrist Malcolm Ian Grant had divested 3,765 shares through a trade on 2017/12/19. Following this activity, the insider holds 99,321 shares. Wall Street’s most bullish Qurate Retail, Inc. (NASDAQ:QRTEA) analysts are predicting the share price to blow past $32 per share during the next 12 months. The current median share price forecast by them is $30, suggesting that the stock could increase 34.89% in that time frame. The average price target of $29.13 calls for a nearly 30.98% increase in the stock price.
When looking at valuations, Qurate Retail, Inc. (QRTEA) has a cheap P/E of 10.63x as compared to industry average of 65.3x. Moreover, it trades for 10.46 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 1.81x price/book and 0.78x price/sales. Compared to others, Qurate Retail, Inc. is in a different league with regards to profitability, having net margins of 11.7%. To put some perspective around this, the industry’s average net margin is 4.56%. QRTEA’s ROE is 25.5%, which is also considerably better than the industry’s ROE of 13.67%. It’s also very liquid in the near term, with a current ratio of 1. The stock has a debt/capital of 1.31.
Qurate Retail, Inc. (NASDAQ:QRTEA) recently claimed $10.11B as the price has approached $22.24. There came a 0.95% growth with the closing bell on Thursday. The stock remained range bound between $21.11 and $22.24. Trading activity significantly improved as the volume at ready counter increased to 3,567,649 shares versus 3,094,545 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 2,815,423 shares. The stock is now 11.2% above against its bear-market low of $20 on August 31, 2018. It has retreated -30.89% since it’s 52-week high of $29.11 reached in February. Now the market price is down -10.32% on the year and down -8.93% YTD.