FY2024 Earnings Estimate for Celsius Issued By Roth Capital

Celsius Holdings, Inc. (NASDAQ:CELH) – Equities research analysts at Roth Capital dropped their FY2024 EPS estimates for Celsius in a report issued on Monday, October 21st. Roth Capital analyst S. Mcgowan now expects that the company will earn $0.79 per share for the year, down from their prior forecast of $0.88. The consensus estimate for Celsius’ current full-year earnings is $0.82 per share.

Other equities research analysts have also issued reports about the stock. Roth Mkm dropped their price objective on shares of Celsius from $45.00 to $43.00 and set a “buy” rating on the stock in a report on Friday, September 27th. Morgan Stanley reaffirmed an “equal weight” rating and set a $50.00 price target on shares of Celsius in a research report on Tuesday, August 20th. Piper Sandler reduced their price target on Celsius from $50.00 to $47.00 and set an “overweight” rating for the company in a research report on Tuesday, September 24th. Jefferies Financial Group decreased their target price on shares of Celsius from $53.00 to $48.00 and set a “buy” rating for the company in a research note on Thursday, October 10th. Finally, TD Cowen lowered their target price on shares of Celsius from $68.00 to $50.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $58.00.

Celsius Stock Down 4.9 %

CELH stock opened at $30.46 on Tuesday. Celsius has a 52 week low of $28.20 and a 52 week high of $99.62. The stock has a market capitalization of $7.10 billion, a PE ratio of 33.47, a price-to-earnings-growth ratio of 2.29 and a beta of 1.84. The firm has a 50 day moving average of $34.31 and a 200 day moving average of $54.85.

Celsius (NASDAQ:CELH) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.28 EPS 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 company had revenue of $402.00 million during the quarter, compared to analysts’ expectations of $391.07 million. During the same period last year, the business posted $0.17 earnings per share. The firm’s revenue was up 23.4% compared to the same quarter last year.

Institutional Investors Weigh In On Celsius

Several hedge funds and other institutional investors have recently made changes to their positions in CELH. Vontobel Holding Ltd. raised its holdings in shares of Celsius by 93.5% during the 3rd quarter. Vontobel Holding Ltd. now owns 47,147 shares of the company’s stock worth $1,479,000 after acquiring an additional 22,786 shares during the period. Lighthouse Investment Partners LLC acquired a new stake in shares of Celsius during the second quarter valued at about $20,024,000. LRI Investments LLC purchased a new position in shares of Celsius during the 1st quarter worth approximately $134,000. Cetera Investment Advisers increased its holdings in Celsius by 189.3% in the 2nd quarter. Cetera Investment Advisers now owns 186,476 shares of the company’s stock valued at $10,646,000 after purchasing an additional 122,011 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC purchased a new stake in Celsius in the first quarter valued at approximately $563,000. Institutional investors and hedge funds own 60.95% of the company’s stock.

Insider Transactions at Celsius

In other news, CEO John Fieldly sold 74,847 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 1,812,490 shares of the company’s stock, valued at approximately $59,449,672. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 2.20% of the company’s stock.

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.