Xcel Brands (XELB) Expected to Release Quarterly Earnings on Tuesday

Xcel Brands (NASDAQ:XELB) will likely be issuing its results before the market opens on Tuesday, July 7th. Analysts expect Xcel Brands to post earnings of ($0.48) per share and revenue of $1.30 million for the quarter.

Xcel Brands (NASDAQ:XELB) last announced its quarterly earnings results on Thursday, May 14th. The textile maker reported ($0.42) EPS for the quarter, beating the consensus estimate of ($0.64) by $0.22. Xcel Brands had a negative return on equity of 83.71% and a negative net margin of 361.04%.The business had revenue of $1.14 million during the quarter, compared to analysts’ expectations of $1.65 million. On average, analysts expect Xcel Brands to post $-1 EPS for the current fiscal year and $-0 EPS for the next fiscal year.

Xcel Brands Trading Down 1.1%

NASDAQ:XELB opened at $1.77 on Tuesday. The company has a market capitalization of $10.71 million, a P/E ratio of -0.38 and a beta of 1.18. The stock’s 50 day moving average price is $2.10 and its 200 day moving average price is $1.69. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.58 and a current ratio of 0.58. Xcel Brands has a 52 week low of $0.74 and a 52 week high of $2.66.

Institutional Inflows and Outflows

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of Xcel Brands from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, June 17th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Xcel Brands has a consensus rating of “Hold” and a consensus price target of $3.00.

About Xcel Brands

Xcel Brands, Inc (NASDAQ: XELB) is a lifestyle brand management company that acquires, develops and markets consumer product brands spanning fashion, entertainment and home categories. The company works with designers, celebrities and entertainment properties to create branded apparel, accessories, jewelry and home décor collections. Its portfolio includes licensed and proprietary brands such as Judith Ripka, Isaac Mizrahi and Simple Joys by Carter’s, among others.

The company’s business model centers on sourcing creative talent and intellectual property, then leveraging an in-house product development team to design collections that are manufactured by third-party partners.