EVINE Live (EVLV) Releases Earnings Results, Misses Expectations By $0.13 EPS

EVINE Live (NASDAQ:EVLV) announced its quarterly earnings results on Wednesday. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.13), MarketWatch Earnings reports. EVINE Live had a negative return on equity of 5.72% and a negative net margin of 0.91%. The firm had revenue of $131.71 million during the quarter, compared to analysts’ expectations of $152.43 million. EVINE Live updated its FY 2018 guidance to EPS and its Q4 2018 guidance to EPS.

EVLV stock opened at $0.69 on Friday. The company has a current ratio of 2.03, a quick ratio of 1.32 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $43.87 million, a P/E ratio of -68.90, a P/E/G ratio of 7.35 and a beta of 2.23. EVINE Live has a 1-year low of $0.54 and a 1-year high of $1.74.

Hedge funds have recently bought and sold shares of the stock. Acadian Asset Management LLC bought a new position in shares of EVINE Live in the second quarter worth approximately $290,000. JPMorgan Chase & Co. increased its position in shares of EVINE Live by 39.6% in the third quarter. JPMorgan Chase & Co. now owns 270,571 shares of the company’s stock worth $311,000 after purchasing an additional 76,711 shares during the last quarter. Balter Liquid Alternatives LLC increased its position in shares of EVINE Live by 68.1% in the second quarter. Balter Liquid Alternatives LLC now owns 288,401 shares of the company’s stock worth $369,000 after purchasing an additional 116,836 shares during the last quarter. Clinton Group Inc. increased its position in shares of EVINE Live by 4.4% in the third quarter. Clinton Group Inc. now owns 1,067,912 shares of the company’s stock worth $1,228,000 after purchasing an additional 45,420 shares during the last quarter. Finally, Ancora Advisors LLC increased its position in shares of EVINE Live by 26.7% in the third quarter. Ancora Advisors LLC now owns 1,152,990 shares of the company’s stock worth $1,326,000 after purchasing an additional 243,072 shares during the last quarter. Institutional investors own 39.38% of the company’s stock.

A number of brokerages have recently issued reports on EVLV. B. Riley increased their price target on shares of EVINE Live from $1.50 to $1.75 and gave the stock a “buy” rating in a report on Thursday, August 30th. ValuEngine downgraded shares of EVINE Live from a “hold” rating to a “sell” rating in a report on Tuesday, September 4th. Zacks Investment Research raised shares of EVINE Live from a “hold” rating to a “buy” rating and set a $1.50 price target on the stock in a report on Friday, August 31st. TheStreet downgraded shares of EVINE Live from a “c-” rating to a “d” rating in a report on Wednesday. Finally, Lake Street Capital lowered their price target on shares of EVINE Live to $1.00 and set a “buy” rating on the stock in a report on Thursday. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $1.38.

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EVINE Live Company Profile

EVINE Live Inc operates as a multiplatform interactive digital 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 comprising home décor, bed and bath textiles, cookware, kitchen electrics, tabletop accessories, and home furnishings; beauty products, such as skincare, cosmetics, hair care, and bath and body products; and fashion and accessories, including apparel, outerwear, intimates, handbags, accessories, and footwear.

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Earnings History for EVINE Live (NASDAQ:EVLV)

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