Celsius (NASDAQ:CELH) Releases Quarterly Earnings Results, Beats Expectations By $0.05 EPS

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Celsius (NASDAQ:CELH) announced its quarterly earnings data on Thursday. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.05, Fidelity Earnings reports. Celsius had a net margin of 8.41% and a negative return on equity of 39.40%. The company had revenue of $20.42 million during the quarter, compared to analysts’ expectations of $18.29 million.

NASDAQ:CELH traded down $0.03 during mid-day trading on Friday, reaching $3.95. 267,300 shares of the company were exchanged, compared to its average volume of 120,171. The company has a quick ratio of 2.35, a current ratio of 3.48 and a debt-to-equity ratio of 0.38. The stock has a market cap of $205.24 million, a PE ratio of -17.17 and a beta of 0.90. The company has a fifty day moving average of $3.39 and a 200 day moving average of $3.98. Celsius has a 12 month low of $3.06 and a 12 month high of $5.37.

A number of equities analysts have recently issued reports on the stock. Maxim Group set a $8.00 price objective on shares of Celsius and gave the company a “buy” rating in a research note on Wednesday, September 18th. Zacks Investment Research upgraded shares of Celsius from a “sell” rating to a “hold” rating in a research report on Friday. ValuEngine cut shares of Celsius from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Finally, B. Riley set a $10.00 target price on shares of Celsius and gave the stock a “buy” rating in a research report on Friday, September 13th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $7.75.

In other Celsius news, major shareholder Carl Desantis acquired 500,000 shares of the stock in a transaction dated Thursday, September 12th. The shares were bought at an average cost of $3.60 per share, for a total transaction of $1,800,000.00. Also, Director William H. Milmoe acquired 555,555 shares of the stock in a transaction dated Thursday, September 12th. The stock was acquired at an average price of $3.60 per share, for a total transaction of $1,999,998.00. Company insiders own 38.30% of the company’s stock.

About Celsius

Celsius Holdings, Inc develops, markets, distributes, and sells functional calorie-burning fitness beverages in the United States and internationally. The company offers its beverages in various flavors, including carbonated orange, wild berry, cola, grape, kiwi-guava, and watermelon; and non-carbonated green tea raspberry/acai, green tea/peach mango, pineapple coconut, watermelon berry, and strawberries and cream, as well as sparkling grapefruit, cucumber lime, and orange pomegranate under the Celsius name.

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Earnings History for Celsius (NASDAQ:CELH)

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