Liberty Interactive Group (QVCA) Expected to Earn Q3 2016 Earnings of $0.30 Per Share
Liberty Interactive Group (NASDAQ:QVCA) – Analysts at FBR & Co dropped their Q3 2016 earnings per share (EPS) estimates for shares of Liberty Interactive Group in a research note issued to investors on Thursday. FBR & Co analyst B. Crockett now expects that the brokerage will earn $0.30 per share for the quarter, down from their previous forecast of $0.31. FBR & Co has a “Outperform” rating and a $25.00 price objective on the stock. FBR & Co also issued estimates for Liberty Interactive Group’s FY2017 earnings at $2.15 EPS, FY2018 earnings at $2.60 EPS, FY2019 earnings at $3.13 EPS and FY2020 earnings at $3.79 EPS.
A number of other equities analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Liberty Interactive Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 6th. FBN Securities upgraded shares of Liberty Interactive Group from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, August 10th. Bank of America Corp. initiated coverage on shares of Liberty Interactive Group in a research report on Tuesday, September 20th. They set a “neutral” rating for the company. Wunderlich cut their target price on shares of Liberty Interactive Group from $38.00 to $33.00 and set a “buy” rating for the company in a research report on Monday, August 8th. Finally, Axiom Securities cut their target price on shares of Liberty Interactive Group from $34.00 to $29.00 and set a “buy” rating for the company in a research report on Monday, August 8th. One analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company. Liberty Interactive Group presently has an average rating of “Buy” and a consensus target price of $31.29.
Shares of Liberty Interactive Group (NASDAQ:QVCA) opened at 18.81 on Monday. Liberty Interactive Group has a 12-month low of $18.42 and a 12-month high of $28.71. The firm’s 50-day moving average is $19.80 and its 200-day moving average is $23.97. The company has a market capitalization of $8.95 billion, a price-to-earnings ratio of 15.46 and a beta of 1.26.
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Liberty Interactive Group (NASDAQ:QVCA) last released its quarterly earnings data on Friday, August 5th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.03. Liberty Interactive Group had a net margin of 5.93% and a return on equity of 11.64%.
A number of large investors have recently made changes to their positions in QVCA. Prudential Financial Inc. increased its stake in shares of Liberty Interactive Group by 4.3% in the first quarter. Prudential Financial Inc. now owns 35,333 shares of the company’s stock worth $892,000 after buying an additional 1,441 shares in the last quarter. BlackRock Group LTD increased its stake in shares of Liberty Interactive Group by 0.5% in the first quarter. BlackRock Group LTD now owns 2,855,239 shares of the company’s stock worth $72,097,000 after buying an additional 15,563 shares in the last quarter. NN Investment Partners Holdings N.V. bought a new stake in shares of Liberty Interactive Group during the first quarter worth $587,000. Aviva PLC increased its stake in shares of Liberty Interactive Group by 7.1% in the first quarter. Aviva PLC now owns 238,698 shares of the company’s stock worth $6,027,000 after buying an additional 15,824 shares in the last quarter. Finally, Credit Agricole S A increased its stake in shares of Liberty Interactive Group by 182.8% in the first quarter. Credit Agricole S A now owns 237,615 shares of the company’s stock worth $6,000,000 after buying an additional 153,584 shares in the last quarter. 87.68% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director David E. Rapley sold 6,019 shares of the firm’s stock in a transaction that occurred on Monday, August 29th. The shares were sold at an average price of $21.09, for a total value of $126,940.71. Following the sale, the director now directly owns 16,046 shares of the company’s stock, valued at $338,410.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Christopher W. Shean sold 4,800 shares of the firm’s stock in a transaction that occurred on Thursday, September 22nd. The shares were sold at an average price of $38.78, for a total transaction of $186,144.00. Following the completion of the sale, the chief financial officer now directly owns 91,003 shares in the company, valued at $3,529,096.34. The disclosure for this sale can be found here. 10.78% of the stock is currently owned by insiders.
About Liberty Interactive Group
Liberty Interactive Corporation (Liberty) owns interests in subsidiaries and other companies, which are engaged in the video and online commerce industries. Through its subsidiaries and affiliates, the Company operates in North America, Europe and Asia. Its businesses and assets include its consolidated subsidiaries QVC, Inc (QVC), Backcountry.com, Inc (Backcountry), Bodybuilding.com, LLC (Bodybuilding), CommerceHub and Evite, Inc (Evite) and its equity affiliates Expedia, Inc (Expedia), HSN, Inc (HSN), FTD Companies, Inc (FTD), Interval Leisure Group, Inc (Interval Leisure Group) and LendingTree, Inc (LendingTree).
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