EVINE Live Inc. (EVLV) Expected to Announce Quarterly Sales of $155.31 Million
Analysts expect that EVINE Live Inc. (NASDAQ:EVLV) will announce $155.31 million in sales for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for EVINE Live’s earnings, with estimates ranging from $155.26 million to $155.35 million. EVINE Live posted sales of $151.64 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 2.4%. The business is scheduled to issue its next quarterly earnings results on Tuesday, November 28th.
According to Zacks, analysts expect that EVINE Live will report full year sales of $155.31 million for the current fiscal year, with estimates ranging from $666.49 million to $676.03 million. For the next financial year, analysts forecast that the company will post sales of $688.97 million per share, with estimates ranging from $681.96 million to $695.98 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover EVINE Live.
EVINE Live (NASDAQ:EVLV) last announced its quarterly earnings data on Wednesday, August 23rd. The company reported ($0.03) earnings per share (EPS) for the quarter, meeting the Zacks’ 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 firm had revenue of $148.95 million during the quarter, compared to analyst estimates of $150.75 million. During the same quarter in the prior year, the firm posted ($0.03) earnings per share. EVINE Live’s quarterly revenue was down 5.2% on a year-over-year basis.
A number of equities analysts have commented on EVLV shares. Zacks Investment Research cut shares of EVINE Live from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 12th. Maxim Group set a $3.00 price objective on shares of EVINE Live and gave the stock a “buy” rating in a research note on Monday, May 15th. B. Riley reissued a “buy” rating and issued a $2.00 price objective on shares of EVINE Live in a research note on Friday, May 19th. Finally, ValuEngine cut shares of EVINE Live from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd.
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In other news, Director Mark Holdsworth bought 50,000 shares of the stock in a transaction dated Friday, July 14th. The stock was purchased at an average price of $0.99 per share, for a total transaction of $49,500.00. Following the acquisition, the director now owns 216,092 shares of the company’s stock, valued at $213,931.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 4.15% of the stock is currently owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. lifted its holdings in shares of EVINE Live by 71.5% in the 2nd quarter. Goldman Sachs Group Inc. now owns 236,762 shares of the company’s stock worth $237,000 after acquiring an additional 98,744 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new stake in shares of EVINE Live in the 1st quarter worth about $327,000. Teton Advisors Inc. lifted its holdings in shares of EVINE Live by 10.4% in the 1st quarter. Teton Advisors Inc. now owns 319,200 shares of the company’s stock worth $409,000 after acquiring an additional 30,000 shares during the last quarter. Royce & Associates LP lifted 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 worth $666,000 after acquiring an additional 140,400 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in shares of EVINE Live by 8.3% in the 1st quarter. Russell Investments Group Ltd. now owns 1,000,000 shares of the company’s stock worth $1,280,000 after acquiring an additional 76,544 shares during the last quarter. Hedge funds and other institutional investors own 36.54% of the company’s stock.
Shares of EVINE Live (EVLV) remained flat at $1.03 during midday trading on Thursday. 30,526 shares of the stock traded hands. The firm has a 50-day moving average of $1.03 and a 200-day moving average of $1.18. EVINE Live has a 12 month low of $0.89 and a 12 month high of $2.40. The company’s market cap is $67.18 million.
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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