B. Riley Has Pessimistic Outlook of Celsius FY2024 Earnings

Celsius Holdings, Inc. (NASDAQ:CELH) – Equities research analysts at B. Riley reduced their FY2024 earnings per share (EPS) estimates for Celsius in a report issued on Wednesday, November 6th. B. Riley analyst J. Van. Sinderen now forecasts that the company will post earnings of $0.59 per share for the year, down from their prior forecast of $0.65. B. Riley currently has a “Buy” rating and a $47.00 target price on the stock. The consensus estimate for Celsius’ current full-year earnings is $0.79 per share. B. Riley also issued estimates for Celsius’ Q4 2024 earnings at $0.03 EPS and FY2026 earnings at $1.01 EPS.

Celsius (NASDAQ:CELH) last posted 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 analysts’ expectations 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 prior year, the business posted $0.17 earnings per share.

CELH has been the subject of a number of other research reports. Stifel Nicolaus reduced their target price on Celsius from $51.00 to $45.00 and set a “buy” rating for the company in a report on Thursday. Morgan Stanley reissued an “equal weight” rating and issued a $50.00 price objective on shares of Celsius in a research note on Tuesday, August 20th. UBS Group lowered their target price on shares of Celsius from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Thursday. Bank of America reduced their target price on shares of Celsius from $32.00 to $26.00 and set an “underperform” rating for the company in a research report on Thursday, September 5th. Finally, Maxim Group lowered their price target on shares of Celsius from $65.00 to $50.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $54.40.

Celsius Stock Down 0.1 %

CELH opened at $30.01 on Friday. The company has a market cap of $6.99 billion, a PE ratio of 29.52, a price-to-earnings-growth ratio of 2.43 and a beta of 1.86. Celsius has a twelve month low of $27.78 and a twelve month high of $99.62. The company has a 50-day moving average price of $32.34 and a 200 day moving average price of $51.49.

Insider Buying and Selling at Celsius

In related news, CEO John Fieldly sold 74,847 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 1,812,490 shares in the company, valued at approximately $59,449,672. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.20% of the company’s stock.

Institutional Trading of Celsius

Several hedge funds have recently made changes to their positions in the business. EverSource Wealth Advisors LLC increased its stake in shares of Celsius by 3,116.7% during the first quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company’s stock worth $32,000 after buying an additional 374 shares during the period. Beacon Capital Management LLC purchased a new stake in shares of Celsius in the 1st quarter valued at approximately $40,000. S.A. Mason LLC acquired a new stake in shares of Celsius in the 2nd quarter valued at $30,000. Benjamin F. Edwards & Company Inc. grew its stake in shares of Celsius by 353.1% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 648 shares of the company’s stock worth $37,000 after purchasing an additional 505 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. grew its stake in shares of Celsius by 3,150.0% during the second quarter. Newbridge Financial Services Group Inc. now owns 650 shares of the company’s stock worth $37,000 after purchasing an additional 630 shares in the last quarter. Institutional investors and hedge funds own 60.95% 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.