EVINE Live Inc. (EVLV) Posts Quarterly Earnings Results, Beats Estimates By $0.01 EPS
EVINE Live Inc. (NASDAQ:EVLV) posted its earnings results on Tuesday. The company reported ($0.02) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.01, Briefing.com reports. The firm had revenue of $150.20 million for the quarter, compared to analyst estimates of $154.80 million. EVINE Live had a negative return on equity of 8.38% and a negative net margin of 1.08%. The company’s revenue for the quarter was down .9% on a year-over-year basis. During the same period in the previous year, the company posted ($0.06) earnings per share. EVINE Live updated its FY18 guidance to $0.00-0.04 EPS.
Shares of EVINE Live (NASDAQ EVLV) opened at $1.33 on Wednesday. The company has a current ratio of 2.00, a quick ratio of 1.27 and a debt-to-equity ratio of 0.96. EVINE Live has a 1-year low of $0.89 and a 1-year high of $2.00.
Several analysts have issued reports on EVLV shares. B. Riley reissued a “buy” rating and issued a $2.00 price target on shares of EVINE Live in a research note on Wednesday, August 16th. ValuEngine downgraded EVINE Live from a “sell” rating to a “strong sell” rating in a research report on Thursday, September 7th. DA Davidson started coverage on EVINE Live in a research report on Friday, September 22nd. They issued a “buy” rating and a $1.30 target price on the stock. Finally, Zacks Investment Research downgraded EVINE Live from a “hold” rating to a “sell” rating in a research report on Monday, September 25th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $2.10.
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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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