Celsius (NASDAQ:CELH) Releases Earnings Results, Beats Estimates By $0.03 EPS

Celsius (NASDAQ:CELH) announced its quarterly earnings data on Thursday. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.03, Zacks reports. Celsius had a return on equity of 59.40% and a net margin of 15.61%.

Celsius Stock Performance

Celsius stock opened at $25.53 on Friday. The stock has a market cap of $6.00 billion, a PE ratio of 35.46, a price-to-earnings-growth ratio of 2.96 and a beta of 1.78. Celsius has a one year low of $21.10 and a one year high of $99.62. The stock has a fifty day moving average of $26.00 and a 200 day moving average of $30.43.

Insiders Place Their Bets

In other news, major shareholder William H. Milmoe sold 65,000 shares of the company’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $31.15, for a total value of $2,024,750.00. Following the completion of the transaction, the insider now owns 261,245 shares of the company’s stock, valued at $8,137,781.75. This represents a 19.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 2.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Deutsche Bank Aktiengesellschaft assumed coverage on Celsius in a research note on Thursday, December 12th. They issued a “hold” rating and a $32.00 price target on the stock. JPMorgan Chase & Co. assumed coverage on Celsius in a research report on Thursday, December 12th. They issued an “overweight” rating and a $37.00 price objective on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $38.00 price objective on shares of Celsius in a research report on Tuesday, January 28th. Stifel Nicolaus cut their price objective on Celsius from $45.00 to $37.00 and set a “buy” rating on the stock in a research report on Monday, February 10th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $42.00 price objective on shares of Celsius in a research report on Thursday, December 26th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, Celsius currently has a consensus rating of “Moderate Buy” and an average target price of $47.56.

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.