Brokerages Anticipate XCel Brands Inc (XELB) to Announce $0.07 Earnings Per Share

XCel Brands Inc (NASDAQ:XELB) has earned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.

Brokers have set a one year consensus target price of $5.00 for the company and are forecasting that the company will post $0.07 EPS for the current quarter, according to Zacks. Zacks has also assigned XCel Brands an industry rank of 199 out of 265 based on the ratings given to its competitors.

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XELB has been the subject of a number of research analyst reports. ValuEngine upgraded XCel Brands from a “hold” rating to a “buy” rating in a research report on Thursday, January 18th. DA Davidson initiated coverage on XCel Brands in a research report on Thursday, February 8th. They issued a “buy” rating and a $5.00 price target for the company.

Shares of XELB stock opened at $3.20 on Thursday. XCel Brands has a fifty-two week low of $2.00 and a fifty-two week high of $5.00. The firm has a market capitalization of $59.06, a PE ratio of 35.56, a PEG ratio of 4.57 and a beta of 0.47. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.54 and a quick ratio of 2.54.

XCel Brands (NASDAQ:XELB) last announced its quarterly earnings results on Thursday, March 29th. The textile maker reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. XCel Brands had a return on equity of 2.34% and a net margin of 8.92%. The business had revenue of $7.02 million during the quarter, compared to analysts’ expectations of $6.60 million. sell-side analysts anticipate that XCel Brands will post 0.07 earnings per share for the current fiscal year.

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About XCel Brands

Xcel Brands, Inc is a brand development and media company. The Company is engaged in the design, production, licensing, marketing, and direct to consumer sales of branded apparel, footwear, accessories, jewelry, home goods, and other consumer products, and the acquisition of consumer lifestyle brands.

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