Roth Capital Comments on Celsius’ Q3 Earnings (NASDAQ:CELH)

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

A number of other brokerages have also recently commented on CELH. Morgan Stanley reissued an “equal weight” rating and issued a $50.00 price target on shares of Celsius in a research report on Tuesday, August 20th. UBS Group cut their target price on Celsius from $70.00 to $64.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. Truist Financial raised their price target on Celsius from $30.00 to $35.00 and gave the company a “hold” rating in a report on Wednesday, October 16th. Piper Sandler dropped their price target on shares of Celsius from $50.00 to $47.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 24th. Finally, Roth Mkm reduced their price objective on shares of Celsius from $45.00 to $43.00 and set a “buy” rating for the company in a research note on Friday, September 27th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $58.00.

Celsius Price Performance

Shares of NASDAQ CELH opened at $30.46 on Wednesday. The stock has a market cap of $7.10 billion, a P/E ratio of 33.47, a price-to-earnings-growth ratio of 2.29 and a beta of 1.84. Celsius has a 1 year low of $28.20 and a 1 year high of $99.62. The firm has a 50-day moving average of $34.31 and a 200 day moving average of $54.85.

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. The business had revenue of $402.00 million during the quarter, compared to the consensus estimate of $391.07 million. Celsius had a return on equity of 94.75% and a net margin of 19.58%. The firm’s quarterly revenue was up 23.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.17 earnings per share.

Insider Buying and Selling at Celsius

In other Celsius news, CEO John Fieldly sold 74,847 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 1,812,490 shares in the company, valued at $59,449,672. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.20% of the stock is owned by corporate insiders.

Institutional Trading of Celsius

Several hedge funds have recently bought and sold shares of CELH. Massachusetts Financial Services Co. MA raised its stake in Celsius by 231.2% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,946,208 shares of the company’s stock worth $225,289,000 after acquiring an additional 2,754,722 shares during the period. Vanguard Group Inc. boosted its stake in shares of Celsius by 18.7% in the first quarter. Vanguard Group Inc. now owns 16,313,762 shares of the company’s stock worth $1,352,737,000 after acquiring an additional 2,567,290 shares during the period. Capital International Investors grew its position in shares of Celsius by 50.6% during the first quarter. Capital International Investors now owns 3,966,194 shares of the company’s stock worth $328,877,000 after purchasing an additional 1,333,217 shares in the last quarter. Capital Research Global Investors purchased a new stake in shares of Celsius during the first quarter worth about $99,746,000. Finally, GQG Partners LLC purchased a new position in Celsius in the 1st quarter worth approximately $76,352,000. Institutional investors 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.