What is Roth Capital’s Forecast for Celsius FY2024 Earnings?

Celsius Holdings, Inc. (NASDAQ:CELH) – Analysts at Roth Capital cut their FY2024 EPS estimates for shares of Celsius in a research report issued on Monday, December 16th. Roth Capital analyst S. Mcgowan now forecasts that the company will post earnings per share of $0.67 for the year, down from their previous 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.

Several other research analysts have also recently issued reports on CELH. B. Riley dropped their target price on shares of Celsius from $50.00 to $47.00 and set a “buy” rating on the stock in a report on Monday, November 4th. Bank of America lowered their target price on Celsius from $32.00 to $26.00 and set an “underperform” rating for the company in a report on Thursday, September 5th. LADENBURG THALM/SH SH dropped their target price on Celsius from $72.00 to $68.00 and set a “neutral” rating on the stock in a research report on Monday, October 21st. Stifel Nicolaus reduced their price target on Celsius from $51.00 to $45.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Finally, Roth Mkm dropped their price objective on Celsius from $40.00 to $38.00 and set a “buy” rating on the stock in a research report on Monday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, Celsius presently has an average rating of “Moderate Buy” and a consensus target price of $50.72.

Celsius Stock Performance

Shares of NASDAQ CELH opened at $27.09 on Tuesday. The stock has a 50 day moving average price of $30.03 and a 200 day moving average price of $40.38. The firm has a market capitalization of $6.37 billion, a price-to-earnings ratio of 37.63, a PEG ratio of 3.44 and a beta of 1.76. Celsius has a 52-week low of $25.23 and a 52-week high of $99.62.

Insider Buying and Selling

In other Celsius news, major shareholder William H. Milmoe sold 65,000 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $31.15, for a total transaction of $2,024,750.00. Following the transaction, the insider now owns 261,245 shares in the company, valued at approximately $8,137,781.75. This represents a 19.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

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

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.