Celsius Holdings, Inc. (NASDAQ:CELH) Expected to Announce Earnings of $0.02 Per Share

Brokerages expect Celsius Holdings, Inc. (NASDAQ:CELHGet Rating) to announce earnings per share (EPS) of $0.02 for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Celsius’ earnings, with the lowest EPS estimate coming in at ($0.01) and the highest estimate coming in at $0.06. Celsius reported earnings per share of $0.01 in the same quarter last year, which suggests a positive year over year growth rate of 100%. The business is expected to announce its next earnings report on Monday, January 1st.

On average, analysts expect that Celsius will report full-year earnings of $0.28 per share for the current fiscal year, with EPS estimates ranging from $0.15 to $0.36. For the next fiscal year, analysts expect that the firm will post earnings of $0.79 per share, with EPS estimates ranging from $0.49 to $1.20. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover Celsius.

Celsius (NASDAQ:CELHGet Rating) last posted its quarterly earnings results on Tuesday, March 1st. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.11. The company had revenue of $104.30 million for the quarter, compared to analyst estimates of $92.09 million. Celsius had a net margin of 6.12% and a return on equity of 10.83%. The business’s quarterly revenue was up 192.2% on a year-over-year basis. During the same period last year, the business posted $0.02 EPS.

Separately, Credit Suisse Group decreased their price target on shares of Celsius from $103.00 to $50.00 in a research report on Wednesday, January 26th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $99.83.

In other news, major shareholder William H. Milmoe sold 20,000 shares of Celsius stock in a transaction dated Tuesday, March 29th. The shares were sold at an average price of $60.04, for a total transaction of $1,200,800.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 13.19% of the stock is currently owned by insiders.

A number of large investors have recently added to or reduced their stakes in the business. Canton Hathaway LLC boosted its position in Celsius by 38.5% in the first quarter. Canton Hathaway LLC now owns 3,600 shares of the company’s stock valued at $199,000 after buying an additional 1,000 shares in the last quarter. Norges Bank bought a new position in shares of Celsius in the fourth quarter worth about $30,468,000. Walleye Capital LLC raised its stake in shares of Celsius by 71.4% in the fourth quarter. Walleye Capital LLC now owns 25,606 shares of the company’s stock worth $1,909,000 after acquiring an additional 10,671 shares during the last quarter. BlackRock Inc. raised its stake in shares of Celsius by 2.3% in the fourth quarter. BlackRock Inc. now owns 6,376,386 shares of the company’s stock worth $475,487,000 after acquiring an additional 146,281 shares during the last quarter. Finally, William Blair Investment Management LLC raised its stake in shares of Celsius by 10.9% in the fourth quarter. William Blair Investment Management LLC now owns 1,767,827 shares of the company’s stock worth $131,827,000 after acquiring an additional 173,585 shares during the last quarter. Hedge funds and other institutional investors own 45.59% of the company’s stock.

NASDAQ CELH opened at $53.78 on Friday. The firm has a market capitalization of $4.05 billion, a price-to-earnings ratio of 224.08 and a beta of 2.01. The company’s fifty day moving average is $55.43 and its two-hundred day moving average is $67.10. Celsius has a 52-week low of $39.45 and a 52-week high of $110.22.

About Celsius (Get Rating)

Celsius Holdings, Inc develops, markets, distributes, and sells functional calorie-burning fitness beverages in the United States and internationally. The company offers its beverages in various flavors, including carbonated orange, wild berry, cola, grape, kiwi-guava, and watermelon; and non-carbonated green tea raspberry/acai, green tea/peach mango, green tea/grapefruit melon, pineapple coconut, watermelon berry, and strawberries and cream, as well as sparkling grapefruit, cucumber lime, and orange pomegranate under the Celsius name.

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Earnings History and Estimates for Celsius (NASDAQ:CELH)

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