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

Celsius (NASDAQ:CELH) released its quarterly earnings results on Tuesday. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.05, Briefing.com reports. The business had revenue of $402.00 million during the quarter, compared to analysts’ expectations of $391.07 million. Celsius had a return on equity of 111.29% and a net margin of 18.63%. During the same period in the prior year, the business posted $0.17 EPS. The company’s revenue was up 23.4% compared to the same quarter last year.

Celsius Stock Performance

CELH stock traded up $0.19 during mid-day trading on Thursday, reaching $39.59. The company had a trading volume of 11,646,528 shares, compared to its average volume of 5,240,279. The firm has a fifty day simple moving average of $57.06 and a 200 day simple moving average of $69.30. The company has a market capitalization of $9.23 billion, a price-to-earnings ratio of 43.49, a price-to-earnings-growth ratio of 1.38 and a beta of 1.90. Celsius has a fifty-two week low of $36.17 and a fifty-two week high of $99.62.

Insider Transactions at Celsius

In other Celsius news, Director Hal Kravitz sold 16,500 shares of the stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $90.27, for a total value of $1,489,455.00. Following the sale, the director now directly owns 201,282 shares of the company’s stock, valued at approximately $18,169,726.14. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, major shareholder William H. Milmoe sold 40,000 shares of the firm’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $92.95, for a total transaction of $3,718,000.00. Following the sale, the insider now owns 226,245 shares of the company’s stock, valued at approximately $21,029,472.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Hal Kravitz sold 16,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $90.27, for a total value of $1,489,455.00. Following the sale, the director now owns 201,282 shares of the company’s stock, valued at approximately $18,169,726.14. The disclosure for this sale can be found here. Corporate insiders own 2.20% of the company’s stock.

Analysts Set New Price Targets

CELH has been the subject of several research analyst reports. Bank of America lowered shares of Celsius from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $60.00 to $32.00 in a research note on Thursday. Roth Mkm dropped their target price on shares of Celsius from $75.00 to $65.00 and set a “buy” rating for the company in a report on Wednesday. Stifel Nicolaus reissued a “buy” rating and issued a $65.00 target price on shares of Celsius in a research report on Tuesday, July 9th. BNP Paribas began coverage on Celsius in a research report on Monday, June 24th. They set an “outperform” rating and a $87.00 price target for the company. Finally, Piper Sandler cut their price objective on Celsius from $90.00 to $65.00 and set an “overweight” rating on the stock in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $65.91.

Celsius Company Profile

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.