$0.10 EPS Expected for EVINE Live Inc (EVLV) This Quarter
Brokerages forecast that EVINE Live Inc (NASDAQ:EVLV) will post $0.10 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for EVINE Live’s earnings, with estimates ranging from $0.07 to $0.13. EVINE Live reported earnings of $0.03 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 233.3%. The business is scheduled to issue its next quarterly earnings results on Wednesday, March 28th.
On average, analysts expect that EVINE Live will report full year earnings of $0.01 per share for the current financial year, with EPS estimates ranging from ($0.03) to $0.03. For the next year, analysts expect that the company will report earnings of $0.10 per share, with EPS estimates ranging from $0.07 to $0.12. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that follow EVINE Live.
EVINE Live (NASDAQ:EVLV) last released its earnings results on Tuesday, November 21st. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.03) by $0.01. EVINE Live had a negative return on equity of 5.30% and a negative net margin of 0.66%. The firm had revenue of $150.20 million for the quarter, compared to analysts’ expectations of $154.80 million. During the same quarter in the previous year, the business posted ($0.06) earnings per share. The business’s revenue for the quarter was down .9% on a year-over-year basis.
A number of research analysts have recently commented on the company. ValuEngine upgraded EVINE Live from a “strong sell” rating to a “sell” rating in a research note on Friday, December 1st. Zacks Investment Research upgraded EVINE Live from a “hold” rating to a “buy” rating and set a $1.50 price objective for the company in a research note on Thursday, November 23rd. B. Riley reiterated a “buy” rating and set a $2.00 price objective on shares of EVINE Live in a research note on Wednesday, November 22nd. Finally, DA Davidson initiated coverage on EVINE Live in a research note on Friday, September 22nd. They set a “buy” rating and a $1.30 price objective for the company. One analyst has rated the stock with a sell rating and four have given a buy rating to the stock. EVINE Live presently has an average rating of “Buy” and an average price target of $1.95.
In other news, Director Mark Holdsworth acquired 75,000 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The stock was bought at an average price of $1.50 per share, with a total value of $112,500.00. Following the completion of the acquisition, the director now directly owns 266,092 shares of the company’s stock, valued at approximately $399,138. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robert Rosenblatt acquired 33,400 shares of the business’s stock in a transaction that occurred on Thursday, December 7th. The stock was purchased at an average cost of $1.48 per share, with a total value of $49,432.00. Following the acquisition, the chief executive officer now directly owns 1,169,284 shares of the company’s stock, valued at $1,730,540.32. The disclosure for this purchase can be found here. In the last three months, insiders acquired 118,400 shares of company stock valued at $176,732. Corporate insiders own 4.15% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of EVLV. Royce & Associates LP boosted its holdings in shares of EVINE Live by 26.7% in the 2nd quarter. Royce & Associates LP now owns 666,393 shares of the company’s stock valued at $666,000 after buying an additional 140,400 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of EVINE Live by 71.5% during the 2nd quarter. Goldman Sachs Group Inc. now owns 236,762 shares of the company’s stock valued at $237,000 after acquiring an additional 98,744 shares during the period. Teton Advisors Inc. grew its position in shares of EVINE Live by 15.7% during the 3rd quarter. Teton Advisors Inc. now owns 369,200 shares of the company’s stock valued at $384,000 after acquiring an additional 50,000 shares during the period. Finally, Macquarie Group Ltd. acquired a new stake in shares of EVINE Live during the 3rd quarter valued at about $251,000. 33.30% of the stock is owned by institutional investors.
EVINE Live (NASDAQ:EVLV) remained flat at $$1.49 during midday trading on Tuesday. The company had a trading volume of 260,800 shares, compared to its average volume of 259,879. EVINE Live has a 1-year low of $0.89 and a 1-year high of $1.65. The company has a current ratio of 1.90, a quick ratio of 1.13 and a debt-to-equity ratio of 0.98. The firm has a market cap of $97.24, a PE ratio of -21.29, a PEG ratio of 74.50 and a beta of 3.39.
About EVINE Live
EVINE Live Inc is a digital commerce company. The Company operates through the digital commerce retailing segment. The Company offers a mix of brands directly to consumers in an engaging and informative shopping experience through television (TV), online and mobile devices. It operates an around the clock television shopping network, EVINE Live, which is distributed primarily on cable and satellite systems, through which the Company offers brand products in the categories of jewelry and watches, home and consumer electronics, beauty, and fashion and accessories.
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