Analysts predict that EVINE Live Inc (NASDAQ:EVLV) will report sales of $202.20 million for the current fiscal quarter, Zacks reports. Three analysts have made estimates for EVINE Live’s earnings, with the lowest sales estimate coming in at $200.52 million and the highest estimate coming in at $204.07 million. EVINE Live reported sales of $190.52 million in the same quarter last year, which indicates a positive year over year growth rate of 6.1%. The company is expected to announce its next quarterly earnings report on Wednesday, March 28th.
On average, analysts expect that EVINE Live will report full-year sales of $202.20 million for the current year, with estimates ranging from $656.02 million to $659.57 million. For the next financial year, analysts expect that the firm will report sales of $679.46 million per share, with estimates ranging from $671.24 million to $683.60 million. Zacks’ sales calculations are an average based on a survey of analysts that cover EVINE Live.
EVINE Live (NASDAQ:EVLV) last issued its quarterly earnings results on Tuesday, November 21st. The company reported ($0.02) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.03) by $0.01. The company had revenue of $150.20 million during the quarter, compared to the consensus estimate of $154.80 million. EVINE Live had a negative return on equity of 5.30% and a negative net margin of 0.66%. EVINE Live’s revenue was down .9% on a year-over-year basis. During the same period last year, the business posted ($0.06) earnings per share.
In other news, CEO Robert Rosenblatt bought 33,400 shares of the firm’s stock in a transaction on Thursday, December 7th. The stock was acquired at an average cost of $1.48 per share, with a total value of $49,432.00. Following the completion of the transaction, the chief executive officer now directly owns 1,169,284 shares of the company’s stock, valued at approximately $1,730,540.32. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Mark Holdsworth bought 75,000 shares of the firm’s stock in a transaction on Thursday, December 14th. The stock was purchased at an average cost of $1.50 per share, with a total value of $112,500.00. Following the completion of the transaction, the director now directly owns 266,092 shares of the company’s stock, valued at $399,138. The disclosure for this purchase can be found here. Insiders acquired 124,400 shares of company stock valued at $185,372 over the last three months. Company insiders own 4.15% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in EVLV. Acadian Asset Management LLC purchased a new stake in EVINE Live in the fourth quarter worth $112,000. Goldman Sachs Group Inc. boosted 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 worth $237,000 after acquiring an additional 98,744 shares during the period. Macquarie Group Ltd. bought a new position in shares of EVINE Live in the third quarter worth $251,000. Finally, Teton Advisors Inc. boosted its holdings in shares of EVINE Live by 15.7% in the third quarter. Teton Advisors Inc. now owns 369,200 shares of the company’s stock worth $384,000 after acquiring an additional 50,000 shares during the period. 30.35% of the stock is owned by institutional investors and hedge funds.
Shares of EVINE Live (NASDAQ EVLV) opened at $1.26 on Wednesday. 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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