Castle Brands Inc (NYSEAMERICAN:ROX) – Analysts at Barrington Research boosted their FY2018 EPS estimates for shares of Castle Brands in a research report issued to clients and investors on Wednesday. Barrington Research analyst M. Gall now forecasts that the company will post earnings of $0.02 per share for the year, up from their previous forecast of $0.01. Barrington Research also issued estimates for Castle Brands’ Q4 2018 earnings at $0.01 EPS, Q1 2019 earnings at $0.00 EPS, Q2 2019 earnings at $0.00 EPS, Q3 2019 earnings at $0.01 EPS and Q4 2019 earnings at $0.01 EPS.
Several other research firms have also issued reports on ROX. Zacks Investment Research upgraded Castle Brands from a “sell” rating to a “hold” rating in a research note on Wednesday, December 6th. TheStreet upgraded Castle Brands from a “d+” rating to a “c-” rating in a research note on Tuesday, November 28th. Finally, Roth Capital assumed coverage on Castle Brands in a research note on Thursday, February 1st. They issued a “buy” rating and a $2.60 price objective on the stock.
Castle Brands (NYSEAMERICAN:ROX) last released its quarterly earnings data 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 analyst estimates of $20.51 million. Castle Brands had a negative return on equity of 0.32% and a net margin of 1.34%.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Millennium Management LLC increased its stake in shares of Castle Brands by 18.2% during the fourth quarter. Millennium Management LLC now owns 1,175,600 shares of the company’s stock worth $1,434,000 after purchasing an additional 181,253 shares during the period. Deutsche Bank AG increased its stake in shares of Castle Brands by 125.6% during the fourth quarter. Deutsche Bank AG now owns 195,596 shares of the company’s stock worth $237,000 after purchasing an additional 108,907 shares during the period. BlackRock Inc. increased its stake in shares of Castle Brands by 1.2% during the fourth quarter. BlackRock Inc. now owns 3,968,101 shares of the company’s stock worth $4,841,000 after purchasing an additional 48,552 shares during the period. Wells Fargo & Company MN increased its stake in shares of Castle Brands by 196.9% during the fourth quarter. Wells Fargo & Company MN now owns 120,546 shares of the company’s stock worth $147,000 after purchasing an additional 79,948 shares during the period. Finally, California State Teachers Retirement System bought a new position in shares of Castle Brands during the second quarter worth approximately $265,000.
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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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