FY2024 Earnings Estimate for Celsius Issued By Roth Capital

Celsius Holdings, Inc. (NASDAQ:CELH) – Research analysts at Roth Capital lowered their FY2024 EPS estimates for shares of Celsius in a report released on Monday, December 16th. Roth Capital analyst S. Mcgowan now expects that the company will post earnings per share of $0.67 for the year, down from their prior forecast of $0.71. The consensus estimate for Celsius’ current full-year earnings is $0.69 per share. Roth Capital also issued estimates for Celsius’ Q4 2024 earnings at $0.12 EPS, Q4 2025 earnings at $0.21 EPS, FY2025 earnings at $0.87 EPS and FY2026 earnings at $1.06 EPS.

A number of other analysts also recently weighed in on the company. Morgan Stanley restated an “equal weight” rating and issued a $50.00 price target on shares of Celsius in a research note on Tuesday, August 20th. Needham & Company LLC began coverage on shares of Celsius in a research note on Friday, December 6th. They set a “buy” rating and a $38.00 price target on the stock. Truist Financial increased their price target on shares of Celsius from $30.00 to $35.00 and gave the company a “hold” rating in a report on Wednesday, October 16th. Jefferies Financial Group decreased their price objective 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. Finally, B. Riley dropped their target price on shares of Celsius from $50.00 to $47.00 and set a “buy” rating for the company in a report on Monday, November 4th. One analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $51.17.

Celsius Stock Down 2.7 %

NASDAQ CELH opened at $30.94 on Tuesday. The business’s 50-day moving average price is $30.05 and its 200 day moving average price is $41.17. Celsius has a 52-week low of $25.23 and a 52-week high of $99.62. The firm has a market cap of $7.27 billion, a P/E ratio of 42.97, a P/E/G ratio of 3.44 and a beta of 1.76.

Institutional Trading of Celsius

A number of hedge funds have recently added to or reduced their stakes in CELH. State Street Corp grew its stake in shares of Celsius by 3.2% during the 3rd quarter. State Street Corp now owns 5,320,760 shares of the company’s stock valued at $166,860,000 after buying an additional 165,329 shares during the period. Massachusetts Financial Services Co. MA grew its position in Celsius by 231.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 3,946,208 shares of the company’s stock valued at $225,289,000 after acquiring an additional 2,754,722 shares during the period. Geode Capital Management LLC lifted its stake in shares of Celsius by 3.6% in the 3rd quarter. Geode Capital Management LLC now owns 3,000,805 shares of the company’s stock valued at $93,928,000 after purchasing an additional 104,896 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Celsius by 36.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,942,433 shares of the company’s stock valued at $167,983,000 after acquiring an additional 790,014 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Celsius by 19.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,381,279 shares of the company’s stock valued at $43,317,000 after buying an additional 221,833 shares during the period. 60.95% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Celsius

In other news, major shareholder William H. Milmoe sold 65,000 shares of Celsius stock in a transaction on 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 sale, the insider now owns 261,245 shares of the company’s stock, valued at $8,137,781.75. The trade was a 19.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.20% of the stock is owned by insiders.

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.