Celsius Holdings, Inc. (NASDAQ:CELH) Forecasted to Post Q1 2024 Earnings of $0.22 Per Share

Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) - Stock analysts at Roth Capital lifted their Q1 2024 earnings per share (EPS) estimates for shares of Celsius in a report issued on Monday, April 29th. Roth Capital analyst S. Mcgowan now forecasts that the company will earn $0.22 per share for the quarter, up from their prior forecast of $0.21. The consensus estimate for Celsius' current full-year earnings is $1.09 per share.

Celsius (NASDAQ:CELH - Get Free Report) last issued its quarterly earnings results on Thursday, February 29th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.01. The company had revenue of $347.44 million during the quarter, compared to analysts' expectations of $326.77 million. Celsius had a return on equity of 131.58% and a net margin of 17.21%. The business's quarterly revenue was up 95.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.01 earnings per share.

CELH has been the subject of several other research reports. UBS Group increased their price target on Celsius from $73.00 to $99.00 and gave the company a "buy" rating in a research note on Friday, March 1st. Jefferies Financial Group upped their target price on Celsius from $98.00 to $105.00 and gave the company a "buy" rating in a research report on Monday, March 18th. Stifel Europe upped their target price on Celsius from $90.00 to $95.00 and gave the company a "buy" rating in a research report on Monday, March 18th. Roth Mkm upped their target price on Celsius from $90.00 to $105.00 and gave the company a "buy" rating in a research report on Thursday, March 14th. Finally, Bank of America lowered Celsius from a "buy" rating to a "neutral" rating and set a $65.00 target price on the stock. in a research report on Friday, January 19th. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, Celsius presently has a consensus rating of "Moderate Buy" and an average price target of $85.10.

Celsius Stock Performance

Shares of CELH stock traded up $1.07 on Wednesday, hitting $72.34. The company had a trading volume of 3,095,165 shares, compared to its average volume of 4,633,219. The firm has a market cap of $16.71 billion, a P/E ratio of 93.54, a P/E/G ratio of 2.15 and a beta of 1.86. The stock's 50-day moving average is $80.34 and its two-hundred day moving average is $65.26. Celsius has a twelve month low of $32.29 and a twelve month high of $99.62.

Insider Activity at Celsius

In related news, major shareholder Deborah Desantis sold 67,063 shares of Celsius stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $50.28, for a total transaction of $3,371,927.64. Following the transaction, the insider now owns 30,321,589 shares of the company's stock, valued at $1,524,569,494.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, major shareholder Deborah Desantis sold 67,063 shares of Celsius stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $50.28, for a total transaction of $3,371,927.64. Following the sale, the insider now directly owns 30,321,589 shares in the company, valued at $1,524,569,494.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Caroline S. Levy sold 20,000 shares of Celsius stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $94.77, for a total value of $1,895,400.00. Following the sale, the director now owns 37,891 shares in the company, valued at $3,590,930.07. The disclosure for this sale can be found here. Insiders have sold a total of 1,253,278 shares of company stock valued at $83,587,047 over the last 90 days. Insiders own 2.20% of the company's stock.

Institutional Trading of Celsius

Several hedge funds have recently made changes to their positions in CELH. Cary Street Partners Investment Advisory LLC raised its stake in shares of Celsius by 1,350.0% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 145 shares of the company's stock valued at $25,000 after buying an additional 135 shares during the period. Contravisory Investment Management Inc. purchased a new position in Celsius during the fourth quarter worth about $25,000. Transcendent Capital Group LLC purchased a new position in Celsius during the fourth quarter worth about $25,000. Tidemark LLC purchased a new position in shares of Celsius in the 4th quarter worth about $29,000. Finally, Heritage Wealth Advisors boosted its holdings in shares of Celsius by 200.0% in the 4th quarter. Heritage Wealth Advisors now owns 552 shares of the company's stock worth $30,000 after purchasing an additional 368 shares in the last quarter. 60.95% of the stock is currently owned by institutional investors.

Celsius Company Profile

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.