-$0.03 Earnings Per Share Expected for EVINE Live Inc. (EVLV) This Quarter
Brokerages expect EVINE Live Inc. (NASDAQ:EVLV) to post ($0.03) earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for EVINE Live’s earnings. EVINE Live posted earnings per share of ($0.05) during the same quarter last year, which would indicate a positive year-over-year growth rate of 40%. The business is expected to issue its next quarterly earnings results on Tuesday, November 28th.
According to Zacks, analysts expect that EVINE Live will report full year earnings of ($0.03) per share for the current financial year, with EPS estimates ranging from ($0.04) to ($0.01). For the next fiscal year, analysts expect that the business will post earnings of $0.10 per share, with EPS estimates ranging from $0.09 to $0.11. Zacks’ EPS averages are an average based on a survey of sell-side research firms that follow EVINE Live.
EVINE Live (NASDAQ:EVLV) last released its earnings results on Wednesday, August 23rd. The company reported ($0.03) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.03). EVINE Live had a negative net margin of 1.08% and a negative return on equity of 8.38%. The company had revenue of $148.95 million for the quarter, compared to analyst estimates of $150.75 million. During the same quarter last year, the firm earned ($0.03) EPS. The firm’s quarterly revenue was down 5.2% compared to the same quarter last year.
Several equities research analysts recently weighed in on the stock. B. Riley restated a “buy” rating and issued a $2.00 price target on shares of EVINE Live in a research report on Saturday, August 26th. ValuEngine cut shares of EVINE Live from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Zacks Investment Research upgraded shares of EVINE Live from a “sell” rating to a “hold” rating in a research report on Wednesday, May 31st. Finally, Maxim Group set a $3.00 price target on shares of EVINE Live and gave the stock a “buy” rating in a research report on Tuesday, May 23rd.
In other news, Director Mark Holdsworth acquired 50,000 shares of the business’s stock in a transaction on Friday, July 14th. The shares were acquired at an average price of $0.99 per share, for a total transaction of $49,500.00. Following the completion of the transaction, the director now directly owns 216,092 shares of the company’s stock, valued at approximately $213,931.08. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 4.15% of the company’s stock.
Hedge funds have recently bought and sold shares of the business. Goldman Sachs Group Inc. increased its position in EVINE Live by 71.5% during the second 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 last quarter. Oppenheimer Asset Management Inc. bought a new position in EVINE Live during the first quarter valued at $327,000. Teton Advisors Inc. increased its position in EVINE Live by 10.4% during the first quarter. Teton Advisors Inc. now owns 319,200 shares of the company’s stock valued at $409,000 after acquiring an additional 30,000 shares during the last quarter. Royce & Associates LP increased its position in EVINE Live by 26.7% during the second quarter. Royce & Associates LP now owns 666,393 shares of the company’s stock valued at $666,000 after acquiring an additional 140,400 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its position in EVINE Live by 8.3% during the first quarter. Russell Investments Group Ltd. now owns 1,000,000 shares of the company’s stock valued at $1,280,000 after acquiring an additional 76,544 shares during the last quarter. Institutional investors and hedge funds own 36.54% of the company’s stock.
Shares of EVINE Live (EVLV) opened at 1.02 on Tuesday. The stock’s market cap is $66.52 million. The firm’s 50-day moving average is $1.03 and its 200 day moving average is $1.18. EVINE Live has a 12 month low of $0.89 and a 12 month high of $2.40.
EVINE Live Company Profile
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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