Celsius (CELH) Set to Announce Earnings on Wednesday

Celsius (NASDAQ:CELH) is set to announce its earnings results before the market opens on Wednesday, November 6th. Analysts expect the company to announce earnings of $0.05 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Celsius (NASDAQ:CELH) last issued its earnings results on Tuesday, August 6th. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.05. Celsius had a return on equity of 94.75% and a net margin of 19.58%. The business 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 company posted $0.17 EPS. Celsius’s revenue was up 23.4% on a year-over-year basis. On average, analysts expect Celsius to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Celsius Stock Up 0.8 %

NASDAQ:CELH traded up $0.26 during trading hours on Tuesday, reaching $31.33. 3,260,084 shares of the stock were exchanged, compared to its average volume of 5,831,612. Celsius has a twelve month low of $28.20 and a twelve month high of $99.62. The business has a 50-day moving average of $32.81 and a two-hundred day moving average of $52.06. The company has a market capitalization of $7.30 billion, a price-to-earnings ratio of 30.76, a PEG ratio of 2.45 and a beta of 1.86.

Insider Buying and Selling at Celsius

In other Celsius news, CEO John Fieldly sold 74,847 shares of the stock in a transaction 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 owns 1,812,490 shares in the company, valued at $59,449,672. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 2.20% of the company’s stock.

Wall Street Analyst Weigh In

CELH has been the subject of several recent research reports. Jefferies Financial Group reduced their target price on shares of Celsius from $53.00 to $48.00 and set a “buy” rating for the company in a report on Thursday, October 10th. B. Riley cut their target price on Celsius from $50.00 to $47.00 and set a “buy” rating on the stock in a research note on Monday. Maxim Group cut their target price on Celsius from $65.00 to $50.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. Morgan Stanley reissued an “equal weight” rating and set a $50.00 price objective on shares of Celsius in a research note on Tuesday, August 20th. Finally, LADENBURG THALM/SH SH cut their target price on Celsius from $72.00 to $68.00 and set a “neutral” rating on the stock in a research note on Monday, October 21st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $56.27.

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.