Wall Street brokerages expect that Livexlive Media Inc (NASDAQ:LIVX) will announce earnings per share of ($0.19) for the current quarter, Zacks reports. Zero analysts have issued estimates for Livexlive Media’s earnings. Livexlive Media posted earnings per share of ($0.21) during the same quarter last year, which indicates a positive year-over-year growth rate of 9.5%. The company is expected to announce its next quarterly earnings report on Tuesday, August 13th.

According to Zacks, analysts expect that Livexlive Media will report full-year earnings of ($0.11) per share for the current year, with EPS estimates ranging from ($0.22) to $0.00. For the next fiscal year, analysts anticipate that the company will post earnings of $0.48 per share. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Livexlive Media.

Livexlive Media (NASDAQ:LIVX) last released its quarterly earnings data on Thursday, June 13th. The company reported ($0.19) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.15) by ($0.04). Livexlive Media had a negative net margin of 110.99% and a negative return on equity of 158.09%. The business had revenue of $9.18 million for the quarter, compared to the consensus estimate of $13.00 million.

Several equities analysts have commented on LIVX shares. Maxim Group started coverage on shares of Livexlive Media in a research report on Monday, March 18th. They set a “buy” rating and a $9.00 price objective for the company. Zacks Investment Research upgraded shares of Livexlive Media from a “hold” rating to a “buy” rating and set a $6.25 price objective for the company in a research report on Saturday, February 16th. ValuEngine upgraded shares of Livexlive Media from a “hold” rating to a “buy” rating in a research report on Wednesday, April 17th. Finally, HC Wainwright reiterated a “buy” rating and set a $6.00 price objective on shares of Livexlive Media in a research report on Friday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $6.56.

A number of hedge funds have recently added to or reduced their stakes in LIVX. Coastal Investment Advisors Inc. bought a new position in Livexlive Media during the first quarter valued at $40,000. BNP Paribas Arbitrage SA raised its stake in shares of Livexlive Media by 8,784.7% in the first quarter. BNP Paribas Arbitrage SA now owns 7,552 shares of the company’s stock valued at $41,000 after acquiring an additional 7,467 shares during the period. Spark Investment Management LLC purchased a new stake in shares of Livexlive Media in the first quarter valued at $63,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Livexlive Media in the first quarter valued at $63,000. Finally, American International Group Inc. raised its stake in shares of Livexlive Media by 508.2% in the fourth quarter. American International Group Inc. now owns 19,388 shares of the company’s stock valued at $96,000 after acquiring an additional 16,200 shares during the period. Institutional investors and hedge funds own 21.95% of the company’s stock.

LIVX stock traded down $0.04 during trading on Friday, hitting $3.61. 28,162 shares of the company’s stock traded hands, compared to its average volume of 46,116. Livexlive Media has a 52 week low of $2.52 and a 52 week high of $11.11. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $188.05 million, a P/E ratio of -5.01 and a beta of 1.42.

About Livexlive Media

LiveXLive Media, Inc engages in the acquisition, distribution, and monetization of live music, Internet radio, and music-related streaming and video content. The company operates LiveXLive, a live music streaming platform, as well as Slacker Radio, a streaming music service; and produces original music-related content.

Featured Story: What are the FAANG Stocks?

Get a free copy of the Zacks research report on Livexlive Media (LIVX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Livexlive Media Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Livexlive Media and related companies with MarketBeat.com's FREE daily email newsletter.