FY2024 Earnings Estimate for Celsius Issued By William Blair

Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) - Equities researchers at William Blair lowered their FY2024 EPS estimates for Celsius in a report issued on Wednesday, November 6th. William Blair analyst J. Andersen now anticipates that the company will post earnings per share of $0.65 for the year, down from their prior estimate of $0.72. The consensus estimate for Celsius' current full-year earnings is $0.79 per share.

Celsius (NASDAQ:CELH - Get Free Report) last released its earnings results on Tuesday, August 6th. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.23 by $0.05. The firm had revenue of $402.00 million during the quarter, compared to analyst estimates of $391.07 million. Celsius had a return on equity of 94.75% and a net margin of 19.58%. The business's quarterly revenue was up 23.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.17 earnings per share.

CELH has been the subject of several other research reports. Maxim Group dropped their price target on shares of Celsius from $65.00 to $50.00 and set a "buy" rating for the company in a research report on Thursday, September 5th. Bank of America dropped their price objective on Celsius from $32.00 to $26.00 and set an "underperform" rating for the company in a report on Thursday, September 5th. LADENBURG THALM/SH SH reduced their target price on Celsius from $72.00 to $68.00 and set a "neutral" rating on the stock in a report on Monday, October 21st. Roth Mkm dropped their price target on Celsius from $43.00 to $40.00 and set a "buy" rating for the company in a research note on Thursday. Finally, B. Riley reduced their price objective on Celsius from $50.00 to $47.00 and set a "buy" rating on the stock in a research note on Monday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat, Celsius has a consensus rating of "Moderate Buy" and an average target price of $54.40.

Celsius Trading Down 0.1 %

CELH traded down $0.03 during midday trading on Thursday, hitting $30.01. The company's stock had a trading volume of 8,430,664 shares, compared to its average volume of 5,942,920. The firm has a market cap of $6.99 billion, a P/E ratio of 29.52, a PEG ratio of 2.43 and a beta of 1.86. Celsius has a 52-week low of $27.78 and a 52-week high of $99.62. The firm has a 50-day moving average price of $32.34 and a two-hundred day moving average price of $51.49.

Institutional Trading of Celsius

Institutional investors have recently added to or reduced their stakes in the stock. Covestor Ltd raised its stake in shares of Celsius by 12.9% in the 1st quarter. Covestor Ltd now owns 1,110 shares of the company's stock valued at $92,000 after purchasing an additional 127 shares in the last quarter. Moody National Bank Trust Division lifted its holdings in Celsius by 1.1% during the 2nd quarter. Moody National Bank Trust Division now owns 17,122 shares of the company's stock worth $977,000 after buying an additional 181 shares during the last quarter. Bleakley Financial Group LLC grew its position in shares of Celsius by 1.2% in the 1st quarter. Bleakley Financial Group LLC now owns 18,557 shares of the company's stock worth $1,539,000 after acquiring an additional 215 shares in the last quarter. Tidal Investments LLC increased its holdings in shares of Celsius by 4.3% in the 1st quarter. Tidal Investments LLC now owns 6,025 shares of the company's stock valued at $500,000 after acquiring an additional 249 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its position in shares of Celsius by 1.7% during the 1st quarter. Daiwa Securities Group Inc. now owns 16,646 shares of the company's stock valued at $1,380,000 after acquiring an additional 271 shares in the last quarter. 60.95% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Celsius

In related news, CEO John Fieldly sold 74,847 shares of the stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $32.80, for a total value of $2,454,981.60. Following the completion of the transaction, the chief executive officer now owns 1,812,490 shares of the company's stock, valued at approximately $59,449,672. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate 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.