Research Analysts Offer Predictions for Celsius Q3 Earnings

Celsius Holdings, Inc. (NASDAQ:CELH) – Equities research analysts at Roth Capital dropped their Q3 2024 earnings per share estimates for shares of Celsius in a research note issued on Monday, October 21st. Roth Capital analyst S. Mcgowan now anticipates that the company will earn $0.04 per share for the quarter, down from their previous forecast of $0.13. The consensus estimate for Celsius’ current full-year earnings is $0.82 per share.

Celsius (NASDAQ:CELH) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.05. Celsius had a net margin of 19.58% and a return on equity of 94.75%. The company had revenue of $402.00 million during the quarter, compared to analyst estimates of $391.07 million. During the same period in the previous year, the business earned $0.17 EPS. The firm’s revenue for the quarter was up 23.4% on a year-over-year basis.

Other analysts also recently issued research reports about the stock. Stifel Nicolaus dropped their price target on shares of Celsius from $61.00 to $51.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. Bank of America dropped their target price on shares of Celsius from $32.00 to $26.00 and set an “underperform” rating on the stock in a report on Thursday, September 5th. B. Riley decreased their target price on shares of Celsius from $80.00 to $73.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. UBS Group lowered their price target on Celsius from $70.00 to $64.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Finally, Maxim Group cut their price objective on Celsius from $65.00 to $50.00 and set a “buy” rating for the company in a report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $58.00.

Celsius Price Performance

Celsius stock opened at $32.02 on Wednesday. Celsius has a one year low of $28.20 and a one year high of $99.62. The business’s fifty day moving average is $34.48 and its 200 day moving average is $55.02. The stock has a market capitalization of $7.46 billion, a PE ratio of 35.19, a price-to-earnings-growth ratio of 2.29 and a beta of 1.84.

Institutional Investors Weigh In On Celsius

A number of institutional investors and hedge funds have recently bought and sold shares of the business. FinTrust Capital Advisors LLC bought a new stake in Celsius during the 1st quarter valued at approximately $25,000. S.A. Mason LLC bought a new stake in shares of Celsius during the second quarter valued at approximately $30,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Celsius by 3,116.7% in the first quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company’s stock worth $32,000 after buying an additional 374 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in Celsius during the third quarter valued at $34,000. Finally, Signaturefd LLC lifted its stake in Celsius by 48.3% in the 3rd quarter. Signaturefd LLC now owns 1,160 shares of the company’s stock worth $36,000 after purchasing an additional 378 shares in the last quarter. 60.95% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO John Fieldly sold 74,847 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $32.80, for a total value of $2,454,981.60. Following the completion of the sale, the chief executive officer now directly owns 1,812,490 shares of the company’s stock, valued at approximately $59,449,672. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 2.20% of the company’s stock.

About Celsius

Celsius Holdings, Inc develops, processes, markets, distributes, and sells functional energy drinks and liquid supplements in the United States, Australia, New Zealand, Canadian, European, Middle Eastern, Asia-Pacific, and internationally. The company offers CELSIUS, a fitness drink or supplement designed to accelerate metabolism and burn body fat; various flavors and carbonated and non-carbonated functional energy drinks under the CELSIUS Originals and Vibe name, as well as functional energy drink under the CELSIUS Essentials and CELSIUS On-the-Go Powder names; and CELSIUS ready-to drink products.