FY2024 Earnings Estimate for Celsius Issued By William Blair

Celsius Holdings, Inc. (NASDAQ:CELH) – Stock analysts at William Blair reduced their FY2024 earnings per share estimates for Celsius in a report issued on Wednesday, November 6th. William Blair analyst J. Andersen now expects that the company will earn $0.65 per share for the year, down from their previous estimate of $0.72. The consensus estimate for Celsius’ current full-year earnings is $0.79 per share.

A number of other research firms also recently weighed in on CELH. Bank of America reduced their target price on shares of Celsius from $32.00 to $26.00 and set an “underperform” rating on the stock in a research report on Thursday, September 5th. Morgan Stanley reaffirmed an “equal weight” rating and set a $50.00 target price on shares of Celsius in a research note on Tuesday, August 20th. Roth Mkm dropped their price target on Celsius from $43.00 to $40.00 and set a “buy” rating on the stock in a research report on Thursday. Maxim Group cut their price target on Celsius from $65.00 to $50.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. Finally, TD Cowen lowered their price objective on Celsius from $68.00 to $50.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $54.40.

Celsius Stock Down 3.7 %

Shares of CELH stock opened at $28.90 on Thursday. The firm has a market cap of $6.74 billion, a P/E ratio of 28.43, a price-to-earnings-growth ratio of 2.43 and a beta of 1.86. The business has a 50-day moving average price of $32.15 and a two-hundred day moving average price of $51.21. Celsius has a 12-month low of $27.78 and a 12-month high of $99.62.

Celsius (NASDAQ:CELH) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.05. The firm had revenue of $402.00 million for the quarter, compared to analysts’ expectations of $391.07 million. Celsius had a return on equity of 94.75% and a net margin of 19.58%. The company’s revenue was up 23.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.17 earnings per share.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in CELH. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Celsius by 19.7% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 64,515 shares of the company’s stock valued at $5,563,000 after purchasing an additional 10,634 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in Celsius by 142.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 26,090 shares of the company’s stock valued at $2,163,000 after acquiring an additional 15,316 shares in the last quarter. Nordea Investment Management AB raised its holdings in Celsius by 41.9% in the 1st quarter. Nordea Investment Management AB now owns 11,550 shares of the company’s stock valued at $962,000 after acquiring an additional 3,412 shares during the last quarter. Daiwa Securities Group Inc. lifted its stake in Celsius by 1.7% in the 1st quarter. Daiwa Securities Group Inc. now owns 16,646 shares of the company’s stock worth $1,380,000 after purchasing an additional 271 shares in the last quarter. Finally, GSA Capital Partners LLP boosted its holdings in shares of Celsius by 40.6% during the 1st quarter. GSA Capital Partners LLP now owns 12,709 shares of the company’s stock worth $1,054,000 after purchasing an additional 3,668 shares during the last quarter. Hedge funds and other institutional investors own 60.95% of the company’s stock.

Insider Transactions at Celsius

In related news, CEO John Fieldly sold 74,847 shares of Celsius stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $32.80, for a total value 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. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 2.20% of the company’s stock.

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.