B. Riley Analysts Reduce Earnings Estimates for Celsius

Celsius Holdings, Inc. (NASDAQ:CELH) – Research analysts at B. Riley lowered their Q3 2024 EPS estimates for shares of Celsius in a report released on Sunday, November 3rd. B. Riley analyst J. Van. Sinderen now expects that the company will post earnings of $0.02 per share for the quarter, down from their prior forecast of $0.07. B. Riley has a “Buy” rating and a $47.00 price objective on the stock. The consensus estimate for Celsius’ current full-year earnings is $0.79 per share. B. Riley also issued estimates for Celsius’ FY2024 earnings at $0.65 EPS, FY2025 earnings at $0.71 EPS and FY2026 earnings at $1.09 EPS.

A number of other analysts have also recently commented on CELH. Bank of America dropped their price target on shares of Celsius from $32.00 to $26.00 and set an “underperform” rating on the stock in a research note on Thursday, September 5th. Truist Financial boosted their price objective on Celsius from $30.00 to $35.00 and gave the company a “hold” rating in a research note on Wednesday, October 16th. Morgan Stanley restated an “equal weight” rating and issued a $50.00 target price on shares of Celsius in a research note on Tuesday, August 20th. Roth Mkm decreased their price target on Celsius from $45.00 to $43.00 and set a “buy” rating on the stock in a research report on Friday, September 27th. Finally, TD Cowen reduced their price objective on shares of Celsius from $68.00 to $50.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, Celsius currently has a consensus rating of “Moderate Buy” and a consensus target price of $56.27.

Celsius Trading Up 2.1 %

NASDAQ:CELH opened at $31.73 on Tuesday. Celsius has a 12 month low of $28.20 and a 12 month high of $99.62. The firm’s 50 day moving average is $32.65 and its 200 day moving average is $51.80. The stock has a market capitalization of $7.40 billion, a PE ratio of 31.11, a price-to-earnings-growth ratio of 2.45 and a beta of 1.86.

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

Insider Transactions at Celsius

In other news, CEO John Fieldly sold 74,847 shares of Celsius stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 1,812,490 shares in the company, valued at approximately $59,449,672. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.20% of the stock is currently owned by company insiders.

Institutional Trading of Celsius

Large investors have recently bought and sold shares of the company. FinTrust Capital Advisors LLC bought a new stake in shares of Celsius during the 1st quarter valued at $25,000. S.A. Mason LLC purchased a new stake in Celsius in the second quarter worth about $30,000. EverSource Wealth Advisors LLC grew its holdings in Celsius by 3,116.7% in the first quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company’s stock worth $32,000 after purchasing an additional 374 shares during the period. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Celsius during the third quarter valued at approximately $34,000. Finally, Signaturefd LLC lifted its holdings in shares of Celsius by 48.3% during the third quarter. Signaturefd LLC now owns 1,160 shares of the company’s stock valued at $36,000 after purchasing an additional 378 shares during the last quarter. 60.95% of the stock is owned by institutional investors.

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.