FY2018 EPS Estimates for EVINE Live Inc (EVLV) Reduced by Analyst
EVINE Live Inc (NASDAQ:EVLV) – Equities research analysts at B. Riley dropped their FY2018 earnings per share (EPS) estimates for shares of EVINE Live in a research note issued on Wednesday. B. Riley analyst E. Wold now expects that the company will post earnings of ($0.01) per share for the year, down from their prior estimate of $0.03. B. Riley currently has a “Buy” rating and a $2.00 price target on the stock. B. Riley also issued estimates for EVINE Live’s Q4 2018 earnings at $0.10 EPS, Q1 2019 earnings at $0.01 EPS, Q2 2019 earnings at $0.01 EPS, Q3 2019 earnings at ($0.01) EPS, Q4 2019 earnings at $0.10 EPS and FY2019 earnings at $0.11 EPS.
A number of other equities analysts also recently weighed in on EVLV. Maxim Group reaffirmed a “buy” rating and set a $2.50 price target on shares of EVINE Live in a research report on Wednesday, March 22nd. Zacks Investment Research raised EVINE Live from a “hold” rating to a “strong-buy” rating and set a $1.50 price target for the company in a research report on Friday, March 24th.
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Shares of EVINE Live (NASDAQ:EVLV) traded up 2.2917% during mid-day trading on Thursday, hitting $1.2275. 87,808 shares of the stock traded hands. EVINE Live has a 12-month low of $1.11 and a 12-month high of $2.40. The firm’s 50 day moving average price is $1.29 and its 200-day moving average price is $1.44. The stock’s market cap is $74.74 million.
EVINE Live (NASDAQ:EVLV) last issued its earnings results on Tuesday, May 23rd. The company reported ($0.05) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by $0.01. The firm had revenue of $156.30 million during the quarter, compared to analysts’ expectations of $153.59 million. EVINE Live had a negative net margin of 1.47% and a negative return on equity of 7.31%. The firm’s revenue was down 6.4% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.09) EPS.
Several large investors have recently made changes to their positions in EVLV. Cove Street Capital LLC boosted its stake in shares of EVINE Live by 12.1% in the first quarter. Cove Street Capital LLC now owns 7,661,839 shares of the company’s stock worth $9,807,000 after buying an additional 828,847 shares in the last quarter. Vanguard Group Inc. boosted its stake in EVINE Live by 0.5% in the first quarter. Vanguard Group Inc. now owns 2,119,077 shares of the company’s stock worth $2,712,000 after buying an additional 11,049 shares during the period. Elk Creek Partners LLC boosted its stake in EVINE Live by 1.2% in the first quarter. Elk Creek Partners LLC now owns 2,067,747 shares of the company’s stock worth $2,647,000 after buying an additional 24,593 shares during the period. Clinton Group Inc. boosted its stake in EVINE Live by 19.1% in the third quarter. Clinton Group Inc. now owns 1,907,642 shares of the company’s stock worth $4,369,000 after buying an additional 306,396 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in EVINE Live by 7.0% in the first quarter. Renaissance Technologies LLC now owns 1,164,056 shares of the company’s stock worth $1,490,000 after buying an additional 76,100 shares during the period. Institutional investors own 40.04% of the company’s stock.
In other news, SVP Jean-Guillaume Sabatier sold 28,713 shares of the company’s stock in a transaction that occurred on Thursday, March 30th. The stock was sold at an average price of $1.30, for a total transaction of $37,326.90. Following the sale, the senior vice president now owns 253,394 shares in the company, valued at approximately $329,412.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 3.49% of the company’s stock.
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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