Castle Brands (ROX) Posts Quarterly Earnings Results, Misses Estimates By $0.02 EPS
Castle Brands (NYSEAMERICAN:ROX) posted its quarterly earnings data on Friday. The company reported ($0.01) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by ($0.02), Bloomberg Earnings reports. The firm had revenue of $22.54 million for the quarter, compared to the consensus estimate of $26.20 million.
Shares of NYSEAMERICAN:ROX traded down $0.04 during trading hours on Friday, hitting $0.83. 303,568 shares of the company’s stock traded hands, compared to its average volume of 203,243. Castle Brands has a 52 week low of $0.74 and a 52 week high of $1.42.
Several equities analysts have recently weighed in on the stock. Barrington Research set a $2.00 price objective on shares of Castle Brands and gave the company a “buy” rating in a research report on Tuesday, November 6th. Maxim Group assumed coverage on shares of Castle Brands in a research report on Wednesday, January 16th. They set a “hold” rating for the company.
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Castle Brands Company Profile
Castle Brands Inc, together with its subsidiaries, develops, markets, imports, and sells beverage alcohol and non-alcoholic beverage products in the United States, Canada, Europe, and Asia. The company offers premium and super premium rums, whiskey, liqueurs, vodka, tequila, wine, amaretto, and other spirits, as well as ginger beer and ready-to-drink cocktails.
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