B. Riley Forecasts Celsius’ Q3 Earnings (NASDAQ:CELH)

Celsius Holdings, Inc. (NASDAQ:CELH) – Stock analysts at B. Riley reduced their Q3 2024 EPS estimates for Celsius in a research note issued on Sunday, November 3rd. B. Riley analyst J. Van. Sinderen now anticipates that the company will post earnings per share of $0.02 for the quarter, down from their previous forecast of $0.07. 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’ FY2024 earnings at $0.65 EPS, FY2025 earnings at $0.71 EPS and FY2026 earnings at $1.09 EPS.

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

A number of other equities research analysts also recently issued reports on the stock. LADENBURG THALM/SH SH decreased their price target on shares of Celsius from $72.00 to $68.00 and set a “neutral” rating on the stock in a research note on Monday, October 21st. TD Cowen dropped their price target on Celsius from $68.00 to $50.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. Truist Financial upped their price objective on Celsius from $30.00 to $35.00 and gave the company a “hold” rating in a research report on Wednesday, October 16th. Morgan Stanley reissued an “equal weight” rating and set a $50.00 target price on shares of Celsius in a research report on Tuesday, August 20th. Finally, Piper Sandler lowered their price target on Celsius from $50.00 to $47.00 and set an “overweight” rating for the company in a research report on Tuesday, September 24th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, Celsius has a consensus rating of “Moderate Buy” and an average target price of $56.27.

Celsius Price Performance

NASDAQ:CELH opened at $30.04 on Tuesday. The company has a market cap of $7.00 billion, a price-to-earnings ratio of 29.45, a PEG ratio of 2.45 and a beta of 1.86. Celsius has a 1 year low of $27.78 and a 1 year high of $99.62. The stock’s 50 day simple moving average is $32.49 and its two-hundred day simple moving average is $51.64.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Dillon & Associates Inc. lifted its stake in shares of Celsius by 72.2% during the 3rd quarter. Dillon & Associates Inc. now owns 76,607 shares of the company’s stock worth $2,375,000 after purchasing an additional 32,111 shares during the last quarter. Aigen Investment Management LP purchased a new stake in shares of Celsius during the third quarter valued at about $1,003,000. GSA Capital Partners LLP boosted its position in shares of Celsius by 21.8% in the 3rd quarter. GSA Capital Partners LLP now owns 28,136 shares of the company’s stock worth $882,000 after purchasing an additional 5,038 shares in the last quarter. Venturi Wealth Management LLC purchased a new position in Celsius during the 3rd quarter worth $55,000. Finally, Crossmark Global Holdings Inc. increased its position in Celsius by 8.4% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 10,723 shares of the company’s stock valued at $336,000 after buying an additional 834 shares in the last quarter. 60.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Celsius

In related news, CEO John Fieldly sold 74,847 shares of the company’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 completion of the sale, the chief executive officer now directly owns 1,812,490 shares of the company’s stock, valued at $59,449,672. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.20% of the stock is currently owned by corporate insiders.

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.