Wall Street analysts predict that EVINE Live Inc (NASDAQ:EVLV) will report sales of $202.20 million for the current quarter, according to Zacks. Three analysts have made estimates for EVINE Live’s earnings. The lowest sales estimate is $200.52 million and the highest is $204.07 million. EVINE Live reported sales of $190.52 million during the same quarter last year, which indicates a positive year-over-year growth rate of 6.1%. The firm is expected to report its next quarterly earnings results on Wednesday, March 28th.
According to Zacks, analysts expect that EVINE Live will report full-year sales of $202.20 million for the current fiscal year, with estimates ranging from $656.02 million to $659.57 million. For the next year, analysts forecast that the firm will post sales of $679.46 million per share, with estimates ranging from $671.24 million to $683.60 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow EVINE Live.
EVINE Live (NASDAQ:EVLV) last announced its earnings results on Tuesday, November 21st. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.01. EVINE Live had a negative net margin of 0.66% and a negative return on equity of 5.30%. The business had revenue of $150.20 million for the quarter, compared to analyst estimates of $154.80 million. During the same quarter in the previous year, the firm posted ($0.06) earnings per share. EVINE Live’s revenue was down .9% compared to the same quarter last year.
A number of equities analysts recently issued reports on the stock. ValuEngine raised shares of EVINE Live from a “strong sell” rating to a “sell” rating in a research report on Friday, December 1st. Zacks Investment Research raised shares of EVINE Live from a “hold” rating to a “buy” rating and set a $1.50 target price on the stock in a research report on Thursday, November 23rd. B. Riley reaffirmed a “buy” rating and set a $2.00 target price on shares of EVINE Live in a research report on Wednesday, November 22nd. Finally, DA Davidson assumed coverage on shares of EVINE Live in a research report on Friday, September 22nd. They set a “buy” rating and a $1.30 target price on the stock. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $1.95.
Shares of EVINE Live (NASDAQ:EVLV) traded down $0.03 during mid-day trading on Friday, reaching $1.45. 167,781 shares of the company were exchanged, compared to its average volume of 331,171. EVINE Live has a fifty-two week low of $0.89 and a fifty-two week high of $1.62. The company has a market capitalization of $94.63, a price-to-earnings ratio of -20.71, a P/E/G ratio of 72.50 and a beta of 3.39. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.90 and a quick ratio of 1.13.
In other EVINE Live news, Director Mark Holdsworth purchased 75,000 shares of the stock in a transaction on Thursday, December 14th. The shares were purchased at an average price of $1.50 per share, with a total value of $112,500.00. Following the acquisition, the director now directly owns 266,092 shares of the company’s stock, valued at approximately $399,138. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Robert Rosenblatt purchased 33,400 shares of the stock in a transaction on Thursday, December 7th. The stock was acquired at an average cost of $1.48 per share, for a total transaction of $49,432.00. Following the acquisition, the chief executive officer now directly owns 1,169,284 shares in the company, valued at $1,730,540.32. The disclosure for this purchase can be found here. Insiders acquired a total of 124,400 shares of company stock worth $185,372 in the last three months. Insiders own 4.15% of the company’s stock.
A number of institutional investors have recently made changes to their positions in EVLV. Royce & Associates LP increased its holdings in 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 period. Goldman Sachs Group Inc. increased its holdings in EVINE Live by 71.5% in the 2nd quarter. Goldman Sachs Group Inc. now owns 236,762 shares of the company’s stock valued at $237,000 after buying an additional 98,744 shares during the period. Teton Advisors Inc. increased its holdings in EVINE Live by 15.7% in the 3rd quarter. Teton Advisors Inc. now owns 369,200 shares of the company’s stock valued at $384,000 after buying an additional 50,000 shares during the period. Finally, Macquarie Group Ltd. bought a new stake in EVINE Live in the 3rd quarter valued at $251,000. 33.30% of the stock is currently owned by hedge funds and other institutional investors.
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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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