Roth Capital Has Bearish Estimate for Celsius Q3 Earnings

Celsius Holdings, Inc. (NASDAQ:CELH) – Stock analysts at Roth Capital lowered their Q3 2024 EPS estimates for Celsius in a research report issued on Monday, October 21st. Roth Capital analyst S. Mcgowan now expects that the company will earn $0.04 per share for the quarter, down from their previous estimate of $0.13. The consensus estimate for Celsius’ current full-year earnings is $0.82 per share.

Other equities analysts also recently issued research reports about the stock. Truist Financial upped their price objective on shares of Celsius from $30.00 to $35.00 and gave the company a “hold” rating in a report on Wednesday, October 16th. Maxim Group cut their price objective on shares of Celsius from $65.00 to $50.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. Jefferies Financial Group cut their price target on shares of Celsius from $53.00 to $48.00 and set a “buy” rating on the stock in a report on Thursday, October 10th. LADENBURG THALM/SH SH cut their price target on shares of Celsius from $72.00 to $68.00 and set a “neutral” rating on the stock in a report on Monday. Finally, UBS Group cut their price target on shares of Celsius from $70.00 to $64.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $58.00.

Celsius Stock Up 4.1 %

CELH opened at $31.70 on Wednesday. Celsius has a 52-week low of $28.20 and a 52-week high of $99.62. The company has a market cap of $7.39 billion, a P/E ratio of 34.84, a price-to-earnings-growth ratio of 2.29 and a beta of 1.84. The firm’s 50-day moving average price is $34.11 and its 200-day moving average price is $54.69.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Covestor Ltd lifted its holdings in Celsius by 12.9% in the 1st quarter. Covestor Ltd now owns 1,110 shares of the company’s stock valued at $92,000 after purchasing an additional 127 shares in the last quarter. Moody National Bank Trust Division lifted its holdings in Celsius by 1.1% in the 2nd quarter. Moody National Bank Trust Division now owns 17,122 shares of the company’s stock valued at $977,000 after purchasing an additional 181 shares in the last quarter. Bleakley Financial Group LLC lifted its holdings in Celsius by 1.2% in the 1st quarter. Bleakley Financial Group LLC now owns 18,557 shares of the company’s stock valued at $1,539,000 after purchasing an additional 215 shares in the last quarter. Tidal Investments LLC lifted its holdings in Celsius by 4.3% in the 1st quarter. Tidal Investments LLC now owns 6,025 shares of the company’s stock valued at $500,000 after purchasing an additional 249 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Celsius by 62.5% in the 1st quarter. GAMMA Investing LLC now owns 689 shares of the company’s stock valued at $57,000 after purchasing an additional 265 shares in the last quarter. Hedge funds and other institutional investors own 60.95% of the company’s stock.

Insiders Place Their Bets

In other news, CEO John Fieldly sold 74,847 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $32.80, for a total transaction of $2,454,981.60. Following the transaction, the chief executive officer now owns 1,812,490 shares in the company, valued at $59,449,672. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 2.20% 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.