Castle Brands Inc (ROX) Forecasted to Earn FY2020 Earnings of $0.03 Per Share

Castle Brands Inc (NYSEAMERICAN:ROX) – Barrington Research issued their FY2020 earnings per share estimates for shares of Castle Brands in a note issued to investors on Wednesday. Barrington Research analyst M. Gall anticipates that the company will earn $0.03 per share for the year.

Several other brokerages have also recently issued reports on ROX. Roth Capital started coverage on Castle Brands in a research report on Thursday, February 1st. They issued a “buy” rating and a $2.60 price target on the stock. TheStreet upgraded Castle Brands from a “d+” rating to a “c-” rating in a research report on Tuesday, November 28th. Finally, Zacks Investment Research upgraded Castle Brands from a “sell” rating to a “hold” rating in a research report on Wednesday, December 6th.

Shares of Castle Brands (ROX) traded down $0.01 during mid-day trading on Thursday, reaching $1.18. The company had a trading volume of 383,199 shares, compared to its average volume of 415,960. Castle Brands has a 1 year low of $0.72 and a 1 year high of $2.22.

Castle Brands (NYSEAMERICAN:ROX) last issued its quarterly earnings results on Thursday, February 8th. The company reported $0.00 earnings per share (EPS) for the quarter. The firm had revenue of $24.08 million for the quarter, compared to analysts’ expectations of $20.51 million. Castle Brands had a negative return on equity of 0.32% and a net margin of 1.34%.

A number of institutional investors and hedge funds have recently made changes to their positions in ROX. State Street Corp purchased a new stake in Castle Brands in the 2nd quarter valued at approximately $1,669,000. Vanguard Group Inc. boosted its holdings in Castle Brands by 30.1% in the 2nd quarter. Vanguard Group Inc. now owns 3,841,633 shares of the company’s stock valued at $6,608,000 after purchasing an additional 889,189 shares in the last quarter. Northern Trust Corp boosted its holdings in Castle Brands by 501.7% in the 2nd quarter. Northern Trust Corp now owns 973,335 shares of the company’s stock valued at $1,674,000 after purchasing an additional 811,570 shares in the last quarter. TIAA CREF Investment Management LLC purchased a new stake in Castle Brands in the 2nd quarter valued at approximately $401,000. Finally, Millennium Management LLC boosted its holdings in Castle Brands by 18.2% in the 4th quarter. Millennium Management LLC now owns 1,175,600 shares of the company’s stock valued at $1,434,000 after purchasing an additional 181,253 shares in the last quarter.

ILLEGAL ACTIVITY NOTICE: This piece of content was reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this piece of content on another site, it was copied illegally and reposted in violation of United States and international copyright law. The correct version of this piece of content can be read at https://www.dispatchtribunal.com/2018/02/17/castle-brands-inc-rox-forecasted-to-earn-fy2020-earnings-of-0-03-per-share.html.

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.

Receive News & Ratings for Castle Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Castle Brands and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply