Zacks: Brokerages Expect Celsius Holdings, Inc. (NASDAQ:CELH) Will Post Quarterly Sales of $141.16 Million

Wall Street brokerages expect Celsius Holdings, Inc. (NASDAQ:CELHGet Rating) to post $141.16 million in sales for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Celsius’ earnings, with the highest sales estimate coming in at $153.32 million and the lowest estimate coming in at $133.61 million. Celsius reported sales of $65.07 million in the same quarter last year, which indicates a positive year-over-year growth rate of 116.9%. The business is expected to report its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Celsius will report full-year sales of $579.47 million for the current year, with estimates ranging from $540.87 million to $606.16 million. For the next fiscal year, analysts anticipate that the business will report sales of $816.76 million, with estimates ranging from $688.65 million to $902.30 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Celsius.

Celsius (NASDAQ:CELHGet Rating) last posted its earnings results on Tuesday, May 10th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.06. The firm had revenue of $133.39 million during the quarter, compared to analysts’ expectations of $114.27 million. Celsius had a net margin of 6.37% and a return on equity of 12.21%. The company’s revenue was up 166.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.01 earnings per share.

A number of brokerages have recently weighed in on CELH. LADENBURG THALM/SH SH boosted their price objective on shares of Celsius from $113.50 to $120.00 in a research note on Wednesday, May 11th. Maxim Group upgraded shares of Celsius from a “hold” rating to a “buy” rating and set a $70.00 price objective for the company in a research note on Wednesday, May 11th. Zacks Investment Research upgraded shares of Celsius from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a research note on Friday, May 13th. Finally, B. Riley reduced their price objective on shares of Celsius from $115.00 to $100.00 in a research note on Wednesday, May 11th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Celsius currently has a consensus rating of “Buy” and an average price target of $89.50.

NASDAQ CELH opened at $70.86 on Friday. The stock has a market capitalization of $5.34 billion, a PE ratio of 221.44 and a beta of 1.95. The company has a 50 day moving average price of $55.44 and a two-hundred day moving average price of $58.76. Celsius has a 12-month low of $38.31 and a 12-month high of $110.22.

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

Large investors have recently made changes to their positions in the stock. Captrust Financial Advisors grew its stake in shares of Celsius by 13.5% in the third quarter. Captrust Financial Advisors now owns 1,352 shares of the company’s stock valued at $122,000 after buying an additional 161 shares in the last quarter. Profund Advisors LLC boosted its position in shares of Celsius by 4.8% during the 3rd quarter. Profund Advisors LLC now owns 4,143 shares of the company’s stock worth $373,000 after acquiring an additional 190 shares in the last quarter. Great West Life Assurance Co. Can boosted its position in shares of Celsius by 0.7% during the 1st quarter. Great West Life Assurance Co. Can now owns 32,990 shares of the company’s stock worth $1,867,000 after acquiring an additional 229 shares in the last quarter. US Bancorp DE boosted its position in shares of Celsius by 64.8% during the 3rd quarter. US Bancorp DE now owns 651 shares of the company’s stock worth $59,000 after acquiring an additional 256 shares in the last quarter. Finally, Maryland State Retirement & Pension System lifted its stake in Celsius by 1.8% in the 4th quarter. Maryland State Retirement & Pension System now owns 15,211 shares of the company’s stock valued at $1,134,000 after purchasing an additional 267 shares during the last quarter. Institutional investors and hedge funds own 45.59% of the company’s stock.

About Celsius (Get Rating)

Celsius Holdings, Inc develops, processes, markets, distributes, and sells functional drinks and liquid supplements in North America, Europe, Asia, and internationally. It offers various carbonated and non-carbonated functional energy drinks under the CELSIUS Originals name; dietary supplement in carbonated flavors, including apple jack'd, orangesicle, inferno punch, cherry lime, blueberry pomegranate, strawberry dragon fruit, tangerine grapefruit, and jackfruit under the CELSIUS HEAT name; and branched-chain amino acids functional energy drink that fuels muscle recovery under the CELSIUS BCCA+ENERGY name.

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