B. Riley Has Negative Estimate for Celsius Q3 Earnings

Celsius Holdings, Inc. (NASDAQ:CELH) – Stock analysts at B. Riley decreased their Q3 2024 earnings estimates for Celsius in a research report issued to clients and investors on Sunday, November 3rd. B. Riley analyst J. Van. Sinderen now forecasts that the company will post earnings of $0.02 per share for the quarter, down from their previous estimate of $0.07. B. Riley has a “Buy” rating and a $47.00 price objective on the stock. The consensus estimate for Celsius’ current full-year earnings is $0.79 per share. B. Riley also issued estimates for Celsius’ FY2024 earnings at $0.65 EPS, FY2025 earnings at $0.71 EPS and FY2026 earnings at $1.09 EPS.

Several other equities research analysts have also recently commented on the company. Morgan Stanley reaffirmed an “equal weight” rating and set a $50.00 price objective on shares of Celsius in a research report on Tuesday, August 20th. Maxim Group dropped their price target on shares of Celsius from $65.00 to $50.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. Truist Financial lifted their price target on shares of Celsius from $30.00 to $35.00 and gave the stock a “hold” rating in a research note on Wednesday, October 16th. Piper Sandler lowered their price objective on shares of Celsius from $50.00 to $47.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 24th. Finally, Jefferies Financial Group cut their target price on shares of Celsius from $53.00 to $48.00 and set a “buy” rating for the company in a research report on Thursday, October 10th. One investment 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. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $56.27.

Celsius Trading Up 2.1 %

Shares of CELH opened at $31.73 on Tuesday. The company has a market cap of $7.40 billion, a price-to-earnings ratio of 31.11, a P/E/G ratio of 2.45 and a beta of 1.86. The business’s fifty day simple moving average is $32.65 and its two-hundred day simple moving average is $51.80. Celsius has a 12 month low of $28.20 and a 12 month high of $99.62.

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

Insiders Place Their Bets

In related news, CEO John Fieldly sold 74,847 shares of the 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 of the company’s stock, valued at approximately $59,449,672. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Covestor Ltd boosted its stake in Celsius by 12.9% in the 1st quarter. Covestor Ltd now owns 1,110 shares of the company’s stock worth $92,000 after purchasing an additional 127 shares during the period. Moody National Bank Trust Division boosted its position in shares of Celsius by 1.1% during the second quarter. Moody National Bank Trust Division now owns 17,122 shares of the company’s stock worth $977,000 after acquiring an additional 181 shares during the last quarter. Bleakley Financial Group LLC grew its stake in Celsius by 1.2% during the first quarter. Bleakley Financial Group LLC now owns 18,557 shares of the company’s stock valued at $1,539,000 after acquiring an additional 215 shares in the last quarter. Tidal Investments LLC increased its holdings in Celsius by 4.3% in the 1st quarter. Tidal Investments LLC now owns 6,025 shares of the company’s stock valued at $500,000 after acquiring an additional 249 shares during the last quarter. Finally, 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. 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.