Castle Brands Inc (NYSE:ROX) announced its quarterly earnings results on Wednesday. The company reported $0.00 earnings per share (EPS) for the quarter, MarketWatch Earnings reports. The company had revenue of $22.58 million during the quarter, compared to the consensus estimate of $21.46 million. Castle Brands had a return on equity of 8.39% and a net margin of 4.87%.
Shares of 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 firm’s market capitalization is $302.62 million. The firm has a 50-day moving average of $1.85 and a 200-day moving average of $1.21. Castle Brands has a 52 week low of $0.65 and a 52 week high of $2.22.
Several hedge funds have recently made changes to their positions in the stock. Bank of New York Mellon Corp increased its stake 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 in the last quarter. Geode Capital Management LLC increased its stake 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 in the last quarter. Morgan Stanley acquired a new stake in shares of Castle Brands during the first quarter valued at $139,000. Goldman Sachs Group Inc. increased its stake 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 in the last quarter. Finally, Vanguard Group Inc. increased its stake 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 in the last quarter.
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Separately, Zacks Investment Research raised Castle Brands from a “hold” rating to a “buy” rating and set a $0.75 price target for the company in a report on Friday, February 17th.
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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