Xcel Brands (NASDAQ:XELB) Issues Quarterly Earnings Results, Beats Expectations By $0.08 EPS

Xcel Brands (NASDAQ:XELB) issued its earnings results on Wednesday. The textile maker reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.08, Zacks reports. The company had revenue of $2.95 million for the quarter, compared to analysts’ expectations of $2.98 million. Xcel Brands had a negative net margin of 156.27% and a negative return on equity of 21.92%. During the same period in the prior year, the company earned ($0.09) earnings per share.

Xcel Brands Trading Down 2.1 %

NASDAQ:XELB traded down $0.01 on Thursday, hitting $0.68. 20,974 shares of the stock were exchanged, compared to its average volume of 39,583. The stock has a market capitalization of $15.98 million, a price-to-earnings ratio of -0.62 and a beta of 1.41. Xcel Brands has a 52 week low of $0.58 and a 52 week high of $1.94. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.91 and a current ratio of 0.98. The company’s 50-day moving average price is $0.67 and its 200 day moving average price is $0.79.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of Xcel Brands in a report on Sunday. 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.