$3.24 Billion in Sales Expected for Liberty Interactive QVC Group (QVCA) This Quarter

Brokerages expect Liberty Interactive QVC Group (NASDAQ:QVCA) to announce $3.24 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Liberty Interactive QVC Group’s earnings. The highest sales estimate is $3.25 billion and the lowest is $3.24 billion. Liberty Interactive QVC Group posted sales of $3.13 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 3.5%. The business is expected to announce its next quarterly earnings results before the market opens on Thursday, March 1st.

According to Zacks, analysts expect that Liberty Interactive QVC Group will report full year sales of $3.24 billion for the current fiscal year, with estimates ranging from $10.28 billion to $10.29 billion. For the next fiscal year, analysts forecast that the business will report sales of $14.05 billion per share, with estimates ranging from $14.04 billion to $14.06 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Liberty Interactive QVC Group.

Several research analysts have weighed in on the stock. UBS Group raised their price objective on shares of Liberty Interactive QVC Group from $27.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, November 10th. B. Riley reissued a “buy” rating on shares of Liberty Interactive QVC Group in a report on Thursday, November 2nd. KeyCorp raised their price objective on shares of Liberty Interactive QVC Group from $28.00 to $31.00 and gave the stock an “overweight” rating in a report on Friday, January 26th. FBN Securities raised shares of Liberty Interactive QVC Group from a “sector perform” rating to a “buy” rating in a report on Wednesday, January 3rd. Finally, BidaskClub raised shares of Liberty Interactive QVC Group from a “sell” rating to a “hold” rating in a report on Thursday, December 21st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $30.11.

Liberty Interactive QVC Group (NASDAQ:QVCA) opened at $27.45 on Wednesday. The firm has a market cap of $16,650.00, a price-to-earnings ratio of 24.73, a price-to-earnings-growth ratio of 1.32 and a beta of 1.40. The company has a current ratio of 1.18, a quick ratio of 0.73 and a debt-to-equity ratio of 0.93. Liberty Interactive QVC Group has a fifty-two week low of $17.24 and a fifty-two week high of $28.61.

In other news, Director Malcolm Ian Grant Gilchrist sold 3,765 shares of Liberty Interactive QVC Group stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $26.38, for a total value of $99,320.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 10.68% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. boosted its holdings in shares of Liberty Interactive QVC Group by 4.3% in the 4th quarter. BlackRock Inc. now owns 20,160,224 shares of the company’s stock valued at $492,314,000 after buying an additional 822,725 shares during the period. Macquarie Group Ltd. boosted its holdings in shares of Liberty Interactive QVC Group by 1.0% in the 3rd quarter. Macquarie Group Ltd. now owns 7,494,949 shares of the company’s stock valued at $176,656,000 after buying an additional 77,093 shares during the period. Dimensional Fund Advisors LP lifted its position in Liberty Interactive QVC Group by 3.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 6,497,586 shares of the company’s stock valued at $153,139,000 after purchasing an additional 240,890 shares during the last quarter. Geode Capital Management LLC lifted its position in Liberty Interactive QVC Group by 2.1% in the 4th quarter. Geode Capital Management LLC now owns 4,264,054 shares of the company’s stock valued at $104,080,000 after purchasing an additional 87,690 shares during the last quarter. Finally, Eagle Asset Management Inc. lifted its position in Liberty Interactive QVC Group by 11.6% in the 4th quarter. Eagle Asset Management Inc. now owns 3,117,518 shares of the company’s stock valued at $77,149,000 after purchasing an additional 323,823 shares during the last quarter. 86.56% of the stock is owned by institutional investors and hedge funds.

WARNING: This report was first posted by American Banking News and is the property of of American Banking News. If you are reading this report on another website, it was stolen and reposted in violation of United States and international copyright & trademark law. The original version of this report can be viewed at https://www.americanbankingnews.com/2018/02/14/3-24-billion-in-sales-expected-for-liberty-interactive-qvc-group-qvca-this-quarter.html.

Liberty Interactive QVC Group Company Profile

Liberty Interactive Corporation owns interests in subsidiaries and other companies, which are primarily engaged in the video and online commerce industries. Through its subsidiaries and affiliates, the Company operates in North America, Europe and Asia. Its principal businesses and assets include its subsidiaries QVC, Inc (QVC), zulily, llc (zulily) and and Evite, Inc (Evite).

Get a free copy of the Zacks research report on Liberty Interactive QVC Group (QVCA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Liberty Interactive QVC Group (NASDAQ:QVCA)

Receive News & Ratings for Liberty Interactive QVC Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liberty Interactive QVC Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply