Equities research analysts expect Liberty Interactive Corporation (NASDAQ:QVCA) to report earnings of $0.41 per share for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Liberty Interactive Corporation’s earnings, with estimates ranging from $0.40 to $0.43. 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 business is expected to announce its next quarterly earnings results 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 financial year, with EPS estimates ranging from $1.74 to $1.78. For the next year, analysts expect that the business will report earnings of $1.96 per share, with EPS estimates ranging from $1.84 to $2.04. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Liberty Interactive Corporation.
Liberty Interactive Corporation (NASDAQ:QVCA) last announced its quarterly earnings data on Tuesday, May 9th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.04. Liberty Interactive Corporation had a return on equity of 9.98% and a net margin of 4.59%. The firm had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.32 billion.
Several equities research analysts recently weighed in on the stock. Citigroup Inc. reiterated a “buy” rating and issued a $28.00 target price (up previously from $26.00) on shares of Liberty Interactive Corporation in a research note on Sunday, May 14th. BidaskClub cut shares of Liberty Interactive Corporation from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 11th. 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 price target on shares of Liberty Interactive Corporation from $26.00 to $28.00 and gave the stock an “outperform” rating in a research note on Friday, July 7th. Finally, Craig Hallum set a $28.00 price target on shares of Liberty Interactive Corporation and gave the stock a “buy” rating in a research note on Monday, July 10th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Liberty Interactive Corporation has a consensus rating of “Buy” and an average target price of $29.27.
Shares of Liberty Interactive Corporation (QVCA) traded up 1.67% during mid-day trading on Thursday, reaching $24.34. The company’s stock had a trading volume of 2,379,070 shares. Liberty Interactive Corporation has a 12 month low of $17.24 and a 12 month high of $26.95. The stock has a market capitalization of $10.98 billion, a P/E ratio of 24.49 and a beta of 1.22. The company has a 50 day moving average price of $24.10 and a 200 day moving average price of $21.60.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Jana Partners LLC purchased a new position in Liberty Interactive Corporation during the first quarter worth about $59,184,000. Public Employees Retirement Association of Colorado boosted its position 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 worth $39,421,000 after buying an additional 1,531,506 shares during the period. Clearbridge Investments LLC boosted its position in Liberty Interactive Corporation by 8.5% in the first quarter. Clearbridge Investments LLC now owns 18,010,441 shares of the company’s stock worth $360,569,000 after buying an additional 1,413,144 shares during the period. Vanguard Group Inc. boosted its position in Liberty Interactive Corporation by 3.8% in the first quarter. Vanguard Group Inc. now owns 33,386,058 shares of the company’s stock worth $668,390,000 after buying an additional 1,209,952 shares during the period. Finally, Makaira Partners LLC boosted its position in Liberty Interactive Corporation by 19.9% in the first quarter. Makaira Partners LLC now owns 7,127,117 shares of the company’s stock worth $142,685,000 after buying an additional 1,180,808 shares during the period. Institutional investors own 89.75% of the company’s stock.
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About Liberty Interactive Corporation
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).
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