Q3 2024 EPS Estimates for Celsius Holdings, Inc. Lowered by Analyst (NASDAQ:CELH)

Celsius Holdings, Inc. (NASDAQ:CELH) – Stock analysts at B. Riley decreased their Q3 2024 EPS estimates for shares of Celsius in a research report issued to clients and investors on Wednesday, August 7th. B. Riley analyst J. Van. Sinderen now expects that the company will post earnings per share of $0.23 for the quarter, down from their previous forecast of $0.28. B. Riley has a “Buy” rating and a $73.00 price objective on the stock. The consensus estimate for Celsius’ current full-year earnings is $1.05 per share. B. Riley also issued estimates for Celsius’ Q4 2024 earnings at $0.16 EPS.

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, topping analysts’ consensus estimates of $0.23 by $0.05. Celsius had a net margin of 18.63% and a return on equity of 111.29%. The company had revenue of $402.00 million during the quarter, compared to the consensus estimate of $391.07 million. During the same period in the previous year, the firm posted $0.17 EPS. The firm’s revenue was up 23.4% compared to the same quarter last year.

CELH has been the topic of a number of other research reports. Wedbush decreased their price objective on shares of Celsius from $85.00 to $83.00 and set an “outperform” rating on the stock in a research report on Wednesday, June 12th. UBS Group decreased their price objective on shares of Celsius from $70.00 to $64.00 and set a “buy” rating on the stock in a research report on Wednesday. Bank of America cut shares of Celsius from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $60.00 to $32.00 in a research report on Thursday. Roth Mkm cut their target price on shares of Celsius from $75.00 to $65.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, BNP Paribas started coverage on shares of Celsius in a research note on Monday, June 24th. They set an “outperform” rating and a $87.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $64.79.

Celsius Stock Performance

NASDAQ:CELH traded down $1.51 during trading hours on Thursday, reaching $38.08. The company’s stock had a trading volume of 6,375,326 shares, compared to its average volume of 5,247,784. The firm has a market capitalization of $8.88 billion, a price-to-earnings ratio of 42.58, a PEG ratio of 1.38 and a beta of 1.90. The firm has a 50-day simple moving average of $56.28 and a 200-day simple moving average of $69.09. Celsius has a 1 year low of $36.17 and a 1 year high of $99.62.

Insiders Place Their Bets

In other news, Director Hal Kravitz sold 16,500 shares of the firm’s 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 completion of the transaction, the director now owns 201,282 shares of the company’s stock, valued at $18,169,726.14. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Celsius news, Director Hal Kravitz sold 16,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $90.27, for a total transaction of $1,489,455.00. Following the sale, the director now owns 201,282 shares of the company’s stock, valued at $18,169,726.14. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder William H. Milmoe sold 40,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the insider now owns 226,245 shares in the company, valued at $21,029,472.75. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. First Trust Advisors LP boosted its holdings in Celsius by 123.5% in the 4th quarter. First Trust Advisors LP now owns 586,413 shares of the company’s stock worth $31,971,000 after acquiring an additional 324,049 shares during the period. Brown Advisory Inc. acquired a new stake in Celsius in the fourth quarter worth $242,000. LRI Investments LLC acquired a new stake in Celsius in the first quarter worth $134,000. Coldstream Capital Management Inc. grew its stake in shares of Celsius by 190.9% in the fourth quarter. Coldstream Capital Management Inc. now owns 3,945 shares of the company’s stock worth $215,000 after purchasing an additional 2,589 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC bought a new position in shares of Celsius in the first quarter worth $563,000. 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.