Analysts expect Evine (NASDAQ:EVLV) to announce $158.23 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Evine’s earnings. The highest sales estimate is $161.88 million and the lowest is $154.57 million. Evine posted sales of $156.34 million during the same quarter last year, which suggests a positive year over year growth rate of 1.2%. The company is scheduled to issue its next earnings results before the market opens on Wednesday, May 30th.
According to Zacks, analysts expect that Evine will report full-year sales of $662.23 million for the current year, with estimates ranging from $652.73 million to $671.24 million. For the next year, analysts expect that the business will post sales of $684.09 million per share, with estimates ranging from $669.53 million to $693.54 million. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Evine.
Evine (NASDAQ:EVLV) last posted its earnings results on Wednesday, March 14th. The company reported $0.10 EPS for the quarter, hitting analysts’ consensus estimates of $0.10. Evine had a net margin of 0.02% and a return on equity of 0.37%. The business had revenue of $192.72 million during the quarter, compared to the consensus estimate of $202.20 million.
A number of equities research analysts have commented on the stock. Zacks Investment Research raised shares of Evine from a “strong sell” rating to a “hold” rating in a research report on Tuesday. DA Davidson cut their target price on shares of Evine from $1.50 to $1.35 and set a “buy” rating for the company in a research report on Friday, March 16th. Finally, Lake Street Capital cut their target price on shares of Evine to $2.00 and set a “buy” rating for the company in a research report on Thursday, March 15th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $1.97.
NASDAQ:EVLV traded up $0.04 during trading hours on Friday, reaching $1.13. The company had a trading volume of 6,982 shares, compared to its average volume of 441,027. The company has a current ratio of 2.08, a quick ratio of 1.35 and a debt-to-equity ratio of 0.85. Evine has a 52 week low of $1.07 and a 52 week high of $1.12. The company has a market cap of $69.30 million, a PE ratio of -109.00, a price-to-earnings-growth ratio of 23.56 and a beta of 2.54.
Several hedge funds have recently modified their holdings of the company. Acadian Asset Management LLC bought a new position in Evine in the 4th quarter worth $112,000. Balter Liquid Alternatives LLC boosted its holdings in Evine by 345.2% in the 1st quarter. Balter Liquid Alternatives LLC now owns 171,565 shares of the company’s stock worth $175,000 after buying an additional 133,026 shares during the period. Deutsche Bank AG bought a new position in Evine in the 4th quarter worth $249,000. Millennium Management LLC boosted its holdings in Evine by 338.1% in the 4th quarter. Millennium Management LLC now owns 263,651 shares of the company’s stock worth $369,000 after buying an additional 203,464 shares during the period. Finally, Municipal Employees Retirement System of Michigan bought a new position in Evine in the 4th quarter worth $482,000. 37.94% of the stock is owned by hedge funds and other institutional investors.
EVINE Live Inc operates as a multiplatform video commerce company in the United States. The company markets, sells, and distributes products to consumers through television, online, mobile, and social media in various merchandise categories, such as jewelry and watches, which include silver, gold, and gemstones to simulated diamonds; home and consumer electronics, which include home décor, bed and bath textiles, cookware, kitchen electrics, mattresses, tabletop accessories, and home furnishings; beauty products, including skincare, cosmetics, hair care, and bath and body products; and fashion and accessories, such as apparel, outerwear, intimates, handbags, accessories, and footwear.
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