Celsius Holdings, Inc. to Post Q2 2024 Earnings of $0.24 Per Share, Roth Capital Forecasts (NASDAQ:CELH)

Celsius Holdings, Inc. (NASDAQ:CELH) – Research analysts at Roth Capital cut their Q2 2024 EPS estimates for Celsius in a note issued to investors on Wednesday, May 8th. Roth Capital analyst S. Mcgowan now forecasts that the company will post earnings per share of $0.24 for the quarter, down from their previous forecast of $0.27. The consensus estimate for Celsius’ current full-year earnings is $1.09 per share. Roth Capital also issued estimates for Celsius’ Q3 2024 earnings at $0.29 EPS, Q1 2025 earnings at $0.27 EPS, Q2 2025 earnings at $0.35 EPS, Q3 2025 earnings at $0.42 EPS, Q4 2025 earnings at $0.37 EPS and FY2025 earnings at $1.41 EPS.

A number of other research analysts have also recently weighed in on the stock. Wedbush reaffirmed an “outperform” rating and issued a $100.00 price objective on shares of Celsius in a report on Friday, May 3rd. Maxim Group upped their target price on Celsius from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. UBS Group dropped their target price on shares of Celsius from $99.00 to $92.00 and set a “buy” rating on the stock in a research report on Wednesday. Stifel Europe lifted their price objective on Celsius from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Finally, Bank of America cut Celsius from a “buy” rating to a “neutral” rating and set a $65.00 target price for the company. in a report on Friday, January 19th. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $84.95.

Celsius Price Performance

Shares of NASDAQ CELH opened at $77.13 on Thursday. The firm’s 50 day simple moving average is $81.42 and its 200-day simple moving average is $65.97. Celsius has a 12 month low of $34.74 and a 12 month high of $99.62. The stock has a market capitalization of $17.82 billion, a price-to-earnings ratio of 100.17, a PEG ratio of 2.22 and a beta of 1.93.

Celsius (NASDAQ:CELH) last issued its quarterly earnings data on Tuesday, May 7th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.07. The business had revenue of $355.70 million during the quarter, compared to analysts’ expectations of $390.37 million. Celsius had a return on equity of 131.58% and a net margin of 17.21%. The company’s revenue for the quarter was up 36.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.13 EPS.

Insiders Place Their Bets

In other Celsius news, major shareholder William H. Milmoe sold 428,574 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $59.67, for a total value of $25,573,010.58. Following the transaction, the insider now owns 23,750,163 shares of the company’s stock, valued at $1,417,172,226.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Celsius news, Director Nicholas Castaldo sold 165,000 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $83.33, for a total transaction of $13,749,450.00. Following the sale, the director now directly owns 352,864 shares in the company, valued at approximately $29,404,157.12. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder William H. Milmoe sold 428,574 shares of Celsius stock in a transaction on Monday, May 6th. The shares were sold at an average price of $59.67, for a total value of $25,573,010.58. Following the completion of the transaction, the insider now owns 23,750,163 shares of the company’s stock, valued at $1,417,172,226.21. The disclosure for this sale can be found here. Insiders sold a total of 2,043,363 shares of company stock valued at $131,361,140 over the last quarter. 2.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Moody National Bank Trust Division purchased a new position in Celsius in the fourth quarter valued at approximately $917,000. Yousif Capital Management LLC grew its stake in Celsius by 197.3% during the 4th quarter. Yousif Capital Management LLC now owns 54,329 shares of the company’s stock worth $2,962,000 after buying an additional 36,057 shares during the last quarter. Kercheville Advisors LLC acquired a new position in Celsius during the fourth quarter worth approximately $851,000. Qube Research & Technologies Ltd grew its position in shares of Celsius by 761.1% during the third quarter. Qube Research & Technologies Ltd now owns 190,048 shares of the company’s stock worth $32,612,000 after acquiring an additional 167,977 shares during the last quarter. Finally, Arizona State Retirement System raised its holdings in shares of Celsius by 190.0% in the fourth quarter. Arizona State Retirement System now owns 41,209 shares of the company’s stock worth $2,247,000 after acquiring an additional 26,998 shares during the last quarter. Institutional investors and hedge funds own 60.95% of the company’s stock.

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.