B. Riley Comments on EVINE Live Inc.’s FY2018 Earnings (EVLV)
EVINE Live Inc. (NASDAQ:EVLV) – Equities researchers at B. Riley increased their FY2018 earnings per share estimates for shares of EVINE Live in a report released on Wednesday. B. Riley analyst E. Wold now expects that the company will earn $0.03 per share for the year, up from their previous forecast of ($0.03). B. Riley currently has a “Buy” rating and a $2.00 target price on the stock. B. Riley also issued estimates for EVINE Live’s Q2 2019 earnings at $0.02 EPS.
EVINE Live (NASDAQ:EVLV) last announced its earnings results on Tuesday, November 21st. The company reported ($0.02) earnings per share (EPS) 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 5.28%. The firm had revenue of $150.20 million for the quarter, compared to analyst estimates of $154.80 million. During the same quarter in the prior year, the business posted ($0.06) EPS. The business’s revenue was down .9% compared to the same quarter last year.
EVLV has been the topic of several other research reports. Zacks Investment Research upgraded shares of EVINE Live from a “sell” rating to a “hold” rating in a research report on Tuesday, October 24th. ValuEngine upgraded shares of EVINE Live from a “strong sell” rating to a “sell” rating in a research report on Tuesday, October 10th. Finally, DA Davidson began coverage on shares of EVINE Live in a research report on Friday, September 22nd. They set a “buy” rating and a $1.30 price target on the stock. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $1.95.
Shares of EVINE Live (NASDAQ:EVLV) traded up $0.07 during trading hours on Monday, hitting $1.44. 304,500 shares of the company’s stock were exchanged, compared to its average volume of 243,021. EVINE Live has a 1 year low of $0.89 and a 1 year high of $1.86. The company has a current ratio of 2.00, a quick ratio of 1.27 and a debt-to-equity ratio of 0.96.
Large investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. lifted its stake in EVINE Live by 71.5% in 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 during the last quarter. Macquarie Group Ltd. bought a new position in shares of EVINE Live during the third quarter valued at $251,000. Teton Advisors Inc. raised its stake in shares of EVINE Live by 15.7% during the third quarter. Teton Advisors Inc. now owns 369,200 shares of the company’s stock valued at $384,000 after acquiring an additional 50,000 shares during the last quarter. Royce & Associates LP raised its stake in shares of 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, Renaissance Technologies LLC raised its stake in shares of EVINE Live by 7.0% during the first quarter. Renaissance Technologies LLC now owns 1,164,056 shares of the company’s stock valued at $1,490,000 after acquiring an additional 76,100 shares during the last quarter. 33.38% of the stock is owned by institutional investors and hedge funds.
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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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