Xcel Brands (NASDAQ:XELB – Get Free Report) announced its quarterly earnings data on Wednesday. The textile maker reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.08, Zacks reports. Xcel Brands had a negative net margin of 179.30% and a negative return on equity of 20.21%. The firm had revenue of $2.95 million during the quarter, compared to analysts’ expectations of $2.98 million. During the same quarter in the previous year, the business posted ($0.09) earnings per share.
Xcel Brands Stock Up 3.3 %
NASDAQ XELB traded up $0.02 during trading hours on Friday, hitting $0.70. 20,359 shares of the company were exchanged, compared to its average volume of 39,460. The company has a quick ratio of 0.91, a current ratio of 0.98 and a debt-to-equity ratio of 0.21. The firm has a market cap of $16.51 million, a price-to-earnings ratio of -0.64 and a beta of 1.41. The company has a 50 day moving average of $0.67 and a two-hundred day moving average of $0.79. Xcel Brands has a 52-week low of $0.58 and a 52-week high of $1.91.
Analysts Set New Price Targets
Separately, StockNews.com initiated coverage on shares of Xcel Brands in a research note on Sunday, August 11th. They issued a “sell” rating for the company.
Xcel Brands Company Profile
Xcel Brands, Inc, together with its subsidiaries, operates as a media and consumer products company in the United States. The company designs, produces, markets, wholesales, and sells branded apparel, footwear, accessories, jewelry, home goods, and other consumer products; and acquires consumer lifestyle brands, including the Isaac Mizrahi, the LOGO by Lori Goldstein, the Judith Ripka, the Halston brand, the C Wonder, the TowerHill by Christie Brinkley brand (the CB brand), and other brands, as well as manages the Longaberger brand.
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