Xcel Brands (XELB) Projected to Post Quarterly Earnings on Friday

Xcel Brands (NASDAQ:XELB) is expected to post its results before the market opens on Friday, December 19th. Analysts expect Xcel Brands to post earnings of ($0.93) per share for the quarter.

Xcel Brands (NASDAQ:XELB) last posted its quarterly earnings results on Wednesday, November 19th. The textile maker reported ($2.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.93) by ($1.09). Xcel Brands had a negative return on equity of 51.46% and a negative net margin of 437.09%.The business had revenue of $1.12 million during the quarter, compared to analyst estimates of $1.24 million. On average, analysts expect Xcel Brands to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Xcel Brands Price Performance

Shares of NASDAQ:XELB opened at $1.16 on Thursday. The company has a market capitalization of $5.52 million, a PE ratio of -0.15 and a beta of 0.97. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.51 and a current ratio of 0.51. The stock has a fifty day moving average of $1.23 and a 200-day moving average of $1.47. Xcel Brands has a one year low of $0.74 and a one year high of $7.40.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Maxim Group assumed coverage on Xcel Brands in a report on Tuesday, September 23rd. They set a “buy” rating and a $3.00 target price for the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Xcel Brands in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $3.00.

Hedge Funds Weigh In On Xcel Brands

A hedge fund recently bought a new stake in Xcel Brands stock. Citadel Advisors LLC acquired a new position in shares of Xcel Brands, Inc (NASDAQ:XELB) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 49,841 shares of the textile maker’s stock, valued at approximately $88,000. Citadel Advisors LLC owned approximately 1.05% of Xcel Brands at the end of the most recent quarter. 18.55% of the stock is currently owned by institutional investors and hedge funds.

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.