Zacks: Brokerages Anticipate EVINE Live Inc (EVLV) Will Announce Quarterly Sales of $202.20 Million
Equities analysts expect that EVINE Live Inc (NASDAQ:EVLV) will post $202.20 million in sales for the current quarter, Zacks reports. Three analysts have made estimates for EVINE Live’s earnings. The highest sales estimate is $204.07 million and the lowest is $200.52 million. EVINE Live reported sales of $190.52 million during the same quarter last year, which indicates a positive year-over-year growth rate of 6.1%. The firm is expected to issue its next earnings report before the market opens on Wednesday, March 14th.
According to Zacks, 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 fiscal year, analysts expect that the company will post sales of $679.46 million per share, with estimates ranging from $671.24 million to $683.60 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for EVINE Live.
A number of research firms have weighed in on EVLV. ValuEngine upgraded EVINE Live from a “strong sell” rating to a “sell” rating in a research note on Friday, December 1st. Zacks Investment Research lowered EVINE Live from a “buy” rating to a “hold” rating in a research note on Tuesday, January 23rd. Finally, B. Riley reiterated a “buy” rating and set a $2.00 price objective on shares of EVINE Live in a research note on Wednesday, November 22nd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. EVINE Live has a consensus rating of “Hold” and an average target price of $1.95.
Several institutional investors have recently made changes to their positions in the stock. Renaissance Technologies LLC increased its stake in shares of EVINE Live by 32.7% in the 4th quarter. Renaissance Technologies LLC now owns 1,853,156 shares of the company’s stock valued at $2,594,000 after purchasing an additional 456,400 shares in the last quarter. Boston Partners increased its stake in shares of EVINE Live by 2,345.5% in the 4th quarter. Boston Partners now owns 1,803,140 shares of the company’s stock valued at $2,524,000 after purchasing an additional 1,729,408 shares in the last quarter. Teton Advisors Inc. increased its stake in shares of EVINE Live by 13.5% in the 4th quarter. Teton Advisors Inc. now owns 419,200 shares of the company’s stock valued at $587,000 after purchasing an additional 50,000 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of EVINE Live by 23.1% in the 4th quarter. Geode Capital Management LLC now owns 388,662 shares of the company’s stock valued at $543,000 after purchasing an additional 72,941 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan purchased a new position in shares of EVINE Live in the 4th quarter valued at about $482,000. Hedge funds and other institutional investors own 35.49% of the company’s stock.
EVINE Live (NASDAQ:EVLV) opened at $1.10 on Monday. The firm has a market capitalization of $71.79, a PE ratio of -15.71, a price-to-earnings-growth ratio of 3.79 and a beta of 2.73. EVINE Live has a 52 week low of $0.89 and a 52 week high of $1.62. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.13 and a current ratio of 1.90.
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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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