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IMedia Brands, Inc. Forecasted to Post FY2023 Earnings of ($1.66) Per Share (NASDAQ:IMBI)

Defense World ·  11/28/2022 15:01

iMedia Brands, Inc. (NASDAQ:IMBI – Get Rating) – Equities research analysts at B. Riley dropped their FY2023 earnings per share (EPS) estimates for shares of iMedia Brands in a research report issued on Wednesday, November 23rd. B. Riley analyst E. Wold now expects that the company will earn ($1.66) per share for the year, down from their prior estimate of ($1.06). B. Riley currently has a "Buy" rating and a $5.00 target price on the stock. The consensus estimate for iMedia Brands' current full-year earnings is ($1.66) per share. B. Riley also issued estimates for iMedia Brands' Q4 2023 earnings at $0.03 EPS, Q1 2024 earnings at ($0.09) EPS, Q2 2024 earnings at ($0.07) EPS, Q3 2024 earnings at ($0.05) EPS, Q4 2024 earnings at $0.27 EPS and FY2024 earnings at $0.05 EPS.

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A number of other equities research analysts have also recently weighed in on the company. Lake Street Capital decreased their price objective on iMedia Brands from $3.00 to $2.00 in a research note on Wednesday, November 23rd. Craig Hallum decreased their price objective on iMedia Brands from $20.00 to $7.00 in a research note on Thursday, August 25th.

iMedia Brands Trading Down 3.8 %

Shares of NASDAQ IMBI opened at $0.58 on Monday. The company has a debt-to-equity ratio of 4.53, a current ratio of 1.36 and a quick ratio of 0.75. The stock has a market capitalization of $13.54 million, a P/E ratio of -0.30 and a beta of 2.02. iMedia Brands has a 1-year low of $0.44 and a 1-year high of $7.74. The business has a fifty day moving average price of $0.58 and a 200 day moving average price of $1.12.

Institutional Investors Weigh In On iMedia Brands

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Royce & Associates LP raised its stake in iMedia Brands by 32.8% in the third quarter. Royce & Associates LP now owns 1,312,947 shares of the company's stock valued at $840,000 after buying an additional 324,537 shares during the last quarter. Russell Investments Group Ltd. raised its stake in iMedia Brands by 11.0% in the first quarter. Russell Investments Group Ltd. now owns 279,315 shares of the company's stock valued at $1,683,000 after buying an additional 27,742 shares during the last quarter. D.A. Davidson & CO. raised its stake in iMedia Brands by 44.5% in the third quarter. D.A. Davidson & CO. now owns 157,699 shares of the company's stock valued at $101,000 after buying an additional 48,588 shares during the last quarter. Boston Partners raised its stake in iMedia Brands by 27.4% in the first quarter. Boston Partners now owns 105,220 shares of the company's stock valued at $634,000 after buying an additional 22,654 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in iMedia Brands by 15.1% in the first quarter. Dimensional Fund Advisors LP now owns 96,688 shares of the company's stock valued at $583,000 after buying an additional 12,663 shares during the last quarter. 39.68% of the stock is currently owned by hedge funds and other institutional investors.

About iMedia Brands

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iMedia Brands, Inc operates as an interactive media company in the United States and internationally. It operates through three segments: Entertainment, Consumer Brands, and Media Commerce Services. The company operates television networks, including ShopHQ that offers jewelry and watches, home, beauty and health, and fashion and accessories; ShopBulldogTV, which provides male-oriented products and services; ShopHQHealth that offers women and men products and services focused on health and wellness categories, such as physical, mental and spiritual health, financial and motivational wellness, weight management, and telehealth medical services; ShopJewelryHQ for jewelry products and services; and 1-2-3.tv, a retailing marketplace for live and automated auctions.

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