Castle Brands Inc (ROX) Announces Earnings Results
Castle Brands Inc (NYSE:ROX) issued its quarterly earnings results on Wednesday. The company reported ($0.01) earnings per share for the quarter, Bloomberg Earnings reports. Castle Brands had a return on equity of 6.81% and a net margin of 3.10%. The company had revenue of $20.85 million during the quarter, compared to analysts’ expectations of $18.18 million.
Castle Brands (NYSE:ROX) traded down 3.66% during trading on Friday, reaching $1.58. The company’s stock had a trading volume of 779,428 shares. The firm’s market cap is $259.60 million. Castle Brands has a 52 week low of $0.65 and a 52 week high of $2.22. The stock’s 50 day moving average is $1.80 and its 200-day moving average is $1.49.
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Separately, Zacks Investment Research cut Castle Brands from a “hold” rating to a “sell” rating in a research note on Tuesday, July 18th.
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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