Castle Brands Inc (ROX) Forecasted to Earn FY2020 Earnings of $0.03 Per Share
Castle Brands Inc (NYSEAMERICAN:ROX) – Investment analysts at Barrington Research issued their FY2020 earnings per share estimates for shares of Castle Brands in a report issued on Wednesday. Barrington Research analyst M. Gall forecasts that the company will post earnings of $0.03 per share for the year.
A number of other brokerages have also recently commented on ROX. Zacks Investment Research raised Castle Brands from a “sell” rating to a “hold” rating in a report on Wednesday, December 6th. TheStreet raised Castle Brands from a “d+” rating to a “c-” rating in a report on Tuesday, November 28th. Finally, Roth Capital began coverage on Castle Brands in a report on Thursday, February 1st. They set a “buy” rating and a $2.60 target price for the company.
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 company had revenue of $24.08 million for the quarter, compared to the consensus estimate of $20.51 million. Castle Brands had a negative return on equity of 0.32% and a net margin of 1.34%.
Several large investors have recently bought and sold shares of the stock. Millennium Management LLC increased its holdings in shares of Castle Brands by 18.2% in the fourth 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 during the last quarter. Deutsche Bank AG increased its holdings in shares of Castle Brands by 125.6% in the fourth quarter. Deutsche Bank AG now owns 195,596 shares of the company’s stock valued at $237,000 after purchasing an additional 108,907 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Castle Brands by 1.2% in the fourth quarter. BlackRock Inc. now owns 3,968,101 shares of the company’s stock valued at $4,841,000 after purchasing an additional 48,552 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of Castle Brands by 196.9% in the fourth quarter. Wells Fargo & Company MN now owns 120,546 shares of the company’s stock valued at $147,000 after purchasing an additional 79,948 shares during the last quarter. Finally, California State Teachers Retirement System acquired a new stake in shares of Castle Brands in the second quarter valued at approximately $265,000.
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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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