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

Xcel Brands (NASDAQ:XELB) is anticipated to announce its Q4 2024 earnings results before the market opens on Wednesday, August 13th. Analysts expect the company to announce earnings of ($0.19) per share and revenue of $2.25 million for the quarter.

Xcel Brands (NASDAQ:XELB) last posted its earnings results on Monday, June 9th. The textile maker reported ($0.69) EPS for the quarter, missing the consensus estimate of ($0.55) by ($0.14). The firm had revenue of $1.21 million during the quarter, compared to analyst estimates of $1.90 million. Xcel Brands had a negative net margin of 255.14% and a negative return on equity of 13.93%. 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 Stock Performance

NASDAQ:XELB opened at $1.07 on Monday. The stock has a 50 day simple moving average of $1.70 and a 200 day simple moving average of $2.56. The stock has a market cap of $2.61 million, a P/E ratio of -0.13 and a beta of 0.82. Xcel Brands has a 1-year low of $1.02 and a 1-year high of $8.49. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.33.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen assumed coverage on shares of Xcel Brands in a research note on Sunday, May 18th. They issued a “sell” rating for the company.

Insider Buying and Selling at Xcel Brands

In related news, Director Mark Disanto bought 91,800 shares of Xcel Brands stock in a transaction dated Monday, August 4th. The shares were bought at an average cost of $1.10 per share, with a total value of $100,980.00. Following the acquisition, the director owned 102,700 shares in the company, valued at $112,970. This trade represents a 842.20% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Loren Robert W. D purchased 124,200 shares of the firm’s stock in a transaction that occurred on Monday, August 4th. The stock was bought at an average price of $1.10 per share, for a total transaction of $136,620.00. Following the transaction, the chief executive officer directly owned 383,885 shares of the company’s stock, valued at $422,273.50. This trade represents a 47.83% increase in their position. The disclosure for this purchase can be found here. 40.32% of the stock is owned by insiders.

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.