Castle Brands Inc (ROX) Posts Quarterly Earnings Results

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

Castle Brands (ROX) traded up 1.62% during mid-day trading on Friday, reaching $1.88. The company’s stock had a trading volume of 2,660,359 shares. The company 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. The firm’s market cap is $302.62 million.

Earnings History for Castle Brands (NYSE:ROX)

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Several institutional investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. boosted its position in 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 purchased a new position in Castle Brands during the first quarter valued at $139,000. Geode Capital Management LLC boosted its position in 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. boosted its position in 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 boosted its position in 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.

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

About Castle Brands

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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