Wall Street brokerages expect that Liberty Interactive Corporation (NASDAQ:QVCA) will report earnings of $0.41 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Liberty Interactive Corporation’s earnings. The highest EPS estimate is $0.43 and the lowest is $0.40. Liberty Interactive Corporation posted earnings per share of $0.26 during the same quarter last year, which would suggest a positive year over year growth rate of 57.7%. The company is expected to issue its next quarterly earnings report before the market opens on Tuesday, August 8th.
According to Zacks, analysts expect that Liberty Interactive Corporation will report full-year earnings of $1.76 per share for the current fiscal year, with EPS estimates ranging from $1.74 to $1.78. For the next year, analysts expect that the firm will post earnings of $1.96 per share, with EPS estimates ranging from $1.84 to $2.04. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Liberty Interactive Corporation.
Liberty Interactive Corporation (NASDAQ:QVCA) last posted its quarterly earnings data on Tuesday, May 9th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.04. The company had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.32 billion. Liberty Interactive Corporation had a net margin of 4.59% and a return on equity of 9.98%.
Several equities analysts recently weighed in on the stock. BidaskClub raised shares of Liberty Interactive Corporation from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 28th. ValuEngine cut shares of Liberty Interactive Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. FBR & Co raised their target price on shares of Liberty Interactive Corporation from $26.00 to $28.00 and gave the company an “outperform” rating in a research note on Friday, July 7th. Aegis raised their target price on shares of Liberty Interactive Corporation from $31.00 to $33.00 and gave the company a “buy” rating in a research note on Friday, July 7th. Finally, Maxim Group dropped their price objective on shares of Liberty Interactive Corporation from $39.00 to $37.00 and set a “buy” rating for the company in a research note on Friday, July 7th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Liberty Interactive Corporation currently has a consensus rating of “Buy” and an average price target of $29.27.
COPYRIGHT VIOLATION NOTICE: “” was originally posted by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this report on another domain, it was copied illegally and republished in violation of US and international copyright & trademark legislation. The legal version of this report can be accessed at https://stocknewstimes.com/2017/07/28/41419.html.
Several large investors have recently added to or reduced their stakes in the company. CIBC Asset Management Inc raised its stake in Liberty Interactive Corporation by 3.5% in the second quarter. CIBC Asset Management Inc now owns 42,887 shares of the company’s stock valued at $1,052,000 after buying an additional 1,431 shares during the period. Janney Montgomery Scott LLC raised its stake in Liberty Interactive Corporation by 9.8% in the second quarter. Janney Montgomery Scott LLC now owns 95,882 shares of the company’s stock valued at $2,353,000 after buying an additional 8,547 shares during the period. Harbour Capital Advisors LLC raised its stake in Liberty Interactive Corporation by 2,353.9% in the second quarter. Harbour Capital Advisors LLC now owns 6,871 shares of the company’s stock valued at $280,000 after buying an additional 6,591 shares during the period. Public Employees Retirement Association of Colorado raised its stake in Liberty Interactive Corporation by 2,044.6% in the second quarter. Public Employees Retirement Association of Colorado now owns 1,606,411 shares of the company’s stock valued at $39,421,000 after buying an additional 1,531,506 shares during the period. Finally, Paragon Capital Management Ltd raised its stake in Liberty Interactive Corporation by 8.2% in the second quarter. Paragon Capital Management Ltd now owns 16,930 shares of the company’s stock valued at $415,000 after buying an additional 1,280 shares during the period. Hedge funds and other institutional investors own 89.46% of the company’s stock.
Liberty Interactive Corporation (QVCA) traded up 0.45% during mid-day trading on Thursday, reaching $24.31. 1,877,430 shares of the company’s stock traded hands. The stock has a market capitalization of $10.96 billion, a PE ratio of 24.46 and a beta of 1.22. The stock has a 50-day moving average price of $24.08 and a 200-day moving average price of $21.50. Liberty Interactive Corporation has a 12-month low of $17.24 and a 12-month high of $26.95.
Liberty Interactive Corporation 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 Corporation (QVCA)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Liberty Interactive Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liberty Interactive Corporation and related companies with MarketBeat.com's FREE daily email newsletter.
