Castle Brands Inc (ROX) Posts Quarterly Earnings Results

Castle Brands Inc (NYSE:ROX) announced its quarterly earnings data on Wednesday. The company reported $0.00 earnings per share for the quarter, MarketWatch Earnings reports. The firm had revenue of $22.58 million for the quarter, compared to analyst estimates of $21.46 million. Castle Brands had a net margin of 4.87% and a return on equity of 8.39%.

Shares of Castle Brands (ROX) traded up 1.62% during midday trading on Friday, hitting $1.88. 2,659,559 shares of the stock were exchanged. The company’s market cap is $302.62 million. The stock has a 50 day moving average price of $1.85 and a 200-day moving average price of $1.21. Castle Brands has a 12 month low of $0.65 and a 12 month high of $2.22.

Earnings History for Castle Brands (NYSE:ROX)

Separately, Zacks Investment Research raised shares of Castle Brands from a “hold” rating to a “buy” rating and set a $0.75 price objective on the stock in a report on Friday, February 17th.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Goldman Sachs Group Inc. increased its position in shares of Castle Brands by 245.9% in the first quarter. Goldman Sachs Group Inc. now owns 390,787 shares of the company’s stock valued at $606,000 after buying an additional 277,822 shares during the last quarter. Morgan Stanley acquired a new position in shares of Castle Brands during the first quarter valued at about $139,000. Geode Capital Management LLC increased its position in shares of Castle Brands by 5.8% in the first quarter. Geode Capital Management LLC now owns 417,827 shares of the company’s stock valued at $647,000 after buying an additional 22,746 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Castle Brands by 10.5% in the first quarter. Vanguard Group Inc. now owns 2,952,444 shares of the company’s stock valued at $4,577,000 after buying an additional 281,269 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Castle Brands by 28.4% in the first quarter. Bank of New York Mellon Corp now owns 67,856 shares of the company’s stock valued at $106,000 after buying an additional 15,007 shares during the last quarter.

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Castle Brands Company Profile

Castle Brands Inc develops and markets premium and super premium brands in the beverage alcohol categories. The Company is engaged in the sale of premium beverage alcohol. Its beverage alcohol categories include rum, whiskey, liqueurs, vodka and tequila. Its brands include Gosling’s rum, Gosling’s Stormy Ginger Beer, Gosling’s Dark ‘n Stormy ready-to-drink cocktail, Jefferson’s bourbon, Jefferson’s Reserve, Jefferson’s Ocean Aged at Sea, Jefferson’s Wine Finish Collection, Jefferson’s The Manhattan: Barrel Finished Cocktail, Jefferson’s Chef’s Collaboration, Jefferson’s Wood Experiment, Jefferson’s Presidential Select, Jefferson’s Rye whiskey, Pallini liqueurs, Clontarf Irish whiskey, Knappogue Castle Whiskey, Brady’s Irish Cream, Boru vodka, Tierras tequila, Celtic Honey liqueur and Gozio amaretto.

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