Xcel Brands (NASDAQ:XELB) Posts Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Xcel Brands (NASDAQ:XELB) announced its quarterly earnings results on Thursday, August 13th. The textile maker reported ($0.40) EPS for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.02), Zacks reports. The business had revenue of $1.12 million during the quarter, compared to analysts’ expectations of $1.80 million. Xcel Brands had a negative return on equity of 109.17% and a negative net margin of 343.68%.

Xcel Brands Stock Performance

Shares of XELB opened at $0.66 on Monday. The firm has a 50-day moving average price of $0.93 and a 200 day moving average price of $1.51. Xcel Brands has a 12-month low of $0.62 and a 12-month high of $2.66. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $4.31 million, a P/E ratio of -0.19 and a beta of 1.24.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered Xcel Brands from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, September 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Xcel Brands Company Profile

Xcel Brands, Inc is a brand-management and media company that develops, acquires, markets and licenses consumer brands. The company focuses on lifestyle categories including fashion, accessories, jewelry, home goods and beauty products, using a combination of licensing, direct-to-consumer commerce, retail distribution and media-driven marketing.

Xcel’s portfolio has included brands associated with designers and personalities such as Isaac Mizrahi and Judith Ripka. The company works with retail and manufacturing partners to design, produce and distribute branded merchandise, while also supporting product launches through television, digital content, social media and livestream shopping.