$0.10 Earnings Per Share Expected for EVINE Live Inc (EVLV) This Quarter

Analysts expect EVINE Live Inc (NASDAQ:EVLV) to post $0.10 earnings per share for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for EVINE Live’s earnings, with the highest EPS estimate coming in at $0.13 and the lowest estimate coming in at $0.07. EVINE Live posted earnings per share of $0.03 during the same quarter last year, which indicates a positive year-over-year growth rate of 233.3%. The business is scheduled to announce its next earnings results on Wednesday, March 28th.

On average, analysts expect that EVINE Live will report full-year earnings of $0.01 per share for the current financial year, with EPS estimates ranging from ($0.03) to $0.03. For the next financial year, analysts forecast that the company will post earnings of $0.10 per share, with EPS estimates ranging from $0.07 to $0.12. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that that provide coverage for EVINE Live.

EVINE Live (NASDAQ:EVLV) last released its quarterly earnings data on Tuesday, November 21st. The company reported ($0.02) earnings per share 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 analysts’ expectations of $154.80 million. During the same quarter last year, the company earned ($0.06) EPS. The company’s revenue for the quarter was down .9% compared to the same quarter last year.

Several equities analysts have commented on EVLV shares. B. Riley set a $2.00 target price on shares of EVINE Live and gave the company a “buy” rating in a research note on Thursday, October 19th. 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 note on Thursday, November 23rd. Finally, ValuEngine raised shares of EVINE Live from a “strong sell” rating to a “sell” rating in a research note on Friday, December 1st. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. EVINE Live presently has an average rating of “Hold” and a consensus price target of $1.95.

In related news, Director Mark Holdsworth bought 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 purchase, the director now owns 266,092 shares in the company, valued at $399,138. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robert Rosenblatt bought 33,400 shares of the stock in a transaction on Thursday, December 7th. The shares were bought at an average cost of $1.48 per share, for a total transaction of $49,432.00. Following the purchase, the chief executive officer now owns 1,169,284 shares in the company, valued at approximately $1,730,540.32. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 124,400 shares of company stock worth $185,372. 4.15% of the stock is owned by corporate insiders.

Several large investors have recently bought and sold shares of the company. Teton Advisors Inc. boosted its position in shares of EVINE Live by 15.7% during the 3rd quarter. Teton Advisors Inc. now owns 369,200 shares of the company’s stock valued at $384,000 after purchasing an additional 50,000 shares in the last quarter. Macquarie Group Ltd. bought a new position in shares of EVINE Live during the 3rd quarter valued at about $251,000. Goldman Sachs Group Inc. boosted its position in shares of EVINE Live by 71.5% during the 2nd 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 in the last quarter. Finally, Acadian Asset Management LLC bought a new position in shares of EVINE Live during the 4th quarter valued at about $112,000. Institutional investors own 30.39% of the company’s stock.

EVINE Live (EVLV) opened at $1.30 on Monday. The company has a market cap of $84.84, a PE ratio of -18.57, a price-to-earnings-growth ratio of 66.50 and a beta of 3.38. 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 52 week low of $0.89 and a 52 week high of $1.62.

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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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Earnings History and Estimates for EVINE Live (NASDAQ:EVLV)

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