Wall Street brokerages expect that EVINE Live Inc (NASDAQ:EVLV) will report $202.20 million in sales for the current quarter, Zacks reports. Three analysts have provided estimates for EVINE Live’s earnings, with estimates ranging from $200.52 million to $204.07 million. EVINE Live posted sales of $190.52 million in the same quarter last year, which suggests a positive year-over-year growth rate of 6.1%. The firm is expected to issue its next quarterly earnings report 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 fiscal year, analysts forecast that the business will report 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 an average based on a survey of sell-side analysts that follow EVINE Live.
EVINE Live (NASDAQ:EVLV) last announced its quarterly earnings results on Tuesday, November 21st. The company reported ($0.02) earnings per share for the quarter, beating 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 firm 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. The business’s revenue was down .9% on a year-over-year basis.
A number of brokerages have weighed in on EVLV. Zacks Investment Research raised shares of EVINE Live from a “sell” rating to a “hold” rating in a research note on Tuesday, October 24th. B. Riley reaffirmed a “buy” rating and issued a $2.00 price target on shares of EVINE Live in a research note on Wednesday, November 22nd. Finally, ValuEngine upgraded shares of EVINE Live from a “strong sell” rating to a “sell” rating in a report on Friday, December 1st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $1.95.
In other EVINE Live news, Director Mark Holdsworth acquired 75,000 shares of the stock in a transaction dated Thursday, December 14th. The shares were bought at an average cost of $1.50 per share, for a total transaction 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 $399,138. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Robert Rosenblatt acquired 33,400 shares of the stock in a transaction dated Thursday, December 7th. The stock was acquired at an average price of $1.48 per share, for a total transaction of $49,432.00. Following the completion of 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. Insiders bought 124,400 shares of company stock worth $185,372 over the last quarter. 4.15% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Acadian Asset Management LLC acquired a new stake in shares of EVINE Live in the fourth quarter valued at approximately $112,000. Goldman Sachs Group Inc. raised its holdings in shares of EVINE Live by 71.5% in the second quarter. Goldman Sachs Group Inc. now owns 236,762 shares of the company’s stock valued at $237,000 after purchasing an additional 98,744 shares during the last quarter. Deutsche Bank AG acquired a new stake in shares of EVINE Live in the fourth quarter valued at approximately $249,000. Macquarie Group Ltd. acquired a new stake in shares of EVINE Live in the third quarter valued at approximately $251,000. Finally, Millennium Management LLC raised its holdings in shares of EVINE Live by 338.1% in the fourth quarter. Millennium Management LLC now owns 263,651 shares of the company’s stock valued at $369,000 after purchasing an additional 203,464 shares during the last quarter. Institutional investors own 34.66% of the company’s stock.
Shares of EVINE Live (EVLV) traded up $0.02 on Friday, reaching $1.20. 95,744 shares of the company’s stock were exchanged, compared to its average volume of 232,389. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.13 and a current ratio of 1.90. EVINE Live has a 1 year low of $0.89 and a 1 year high of $1.62. The company has a market capitalization of $77.01, a price-to-earnings ratio of -17.14, a P/E/G ratio of 4.07 and a beta of 2.78.
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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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