FY2024 Earnings Estimate for Celsius Issued By Roth Capital

Celsius Holdings, Inc. (NASDAQ:CELH) – Equities researchers at Roth Capital decreased their FY2024 earnings per share estimates for Celsius in a note issued to investors on Monday, December 16th. Roth Capital analyst S. Mcgowan now expects that the company will post earnings per share of $0.67 for the year, down from their prior forecast of $0.71. The consensus estimate for Celsius’ current full-year earnings is $0.69 per share. Roth Capital also issued estimates for Celsius’ Q4 2024 earnings at $0.12 EPS, Q4 2025 earnings at $0.21 EPS, FY2025 earnings at $0.87 EPS and FY2026 earnings at $1.06 EPS.

Several other equities analysts have also recently issued reports on the stock. Morgan Stanley reiterated an “equal weight” rating and set a $50.00 price target on shares of Celsius in a research report on Tuesday, August 20th. Needham & Company LLC initiated coverage on shares of Celsius in a research note on Friday, December 6th. They issued a “buy” rating and a $38.00 price target on the stock. JPMorgan Chase & Co. started coverage on Celsius in a research note on Thursday, December 12th. They set an “overweight” rating and a $37.00 target price on the stock. B. Riley lowered their price target on Celsius from $50.00 to $47.00 and set a “buy” rating on the stock in a report on Monday, November 4th. Finally, Truist Financial upped their price target on shares of Celsius from $30.00 to $35.00 and gave the company a “hold” rating in a research report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $51.17.

Celsius Stock Down 2.7 %

Shares of NASDAQ CELH opened at $30.94 on Tuesday. The company has a market cap of $7.27 billion, a price-to-earnings ratio of 42.97, a PEG ratio of 3.44 and a beta of 1.76. Celsius has a 52 week low of $25.23 and a 52 week high of $99.62. The firm’s fifty day moving average is $30.05 and its 200 day moving average is $41.17.

Institutional Investors Weigh In On Celsius

A number of institutional investors have recently made changes to their positions in CELH. Retirement Systems of Alabama grew its stake in shares of Celsius by 7.3% in the third quarter. Retirement Systems of Alabama now owns 284,501 shares of the company’s stock worth $8,922,000 after acquiring an additional 19,387 shares in the last quarter. Oddo BHF Asset Management Sas purchased a new position in Celsius in the third quarter worth approximately $734,000. Tidal Investments LLC grew its holdings in Celsius by 58.9% during the 3rd quarter. Tidal Investments LLC now owns 22,156 shares of the company’s stock worth $695,000 after acquiring an additional 8,215 shares in the last quarter. TD Private Client Wealth LLC increased its position in shares of Celsius by 66.2% in the 3rd quarter. TD Private Client Wealth LLC now owns 3,284 shares of the company’s stock valued at $103,000 after purchasing an additional 1,308 shares during the last quarter. Finally, Toronto Dominion Bank raised its holdings in shares of Celsius by 479.6% in the 3rd quarter. Toronto Dominion Bank now owns 103,702 shares of the company’s stock valued at $3,252,000 after purchasing an additional 85,809 shares in the last quarter. 60.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Celsius news, major shareholder William H. Milmoe sold 65,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $31.15, for a total value of $2,024,750.00. Following the transaction, the insider now directly owns 261,245 shares of the company’s stock, valued at $8,137,781.75. This trade represents a 19.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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.