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

Celsius Holdings, Inc. (NASDAQ:CELH) – Investment analysts at Roth Capital decreased their FY2024 earnings per share estimates for Celsius in a report issued on Monday, December 16th. Roth Capital analyst S. Mcgowan now forecasts that the company will earn $0.67 per share for the year, down from their previous estimate 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.

A number of other brokerages have also recently weighed in on CELH. Needham & Company LLC assumed coverage on shares of Celsius in a research report on Friday, December 6th. They set a “buy” rating and a $38.00 price target on the stock. LADENBURG THALM/SH SH reduced their price target on Celsius from $72.00 to $68.00 and set a “neutral” rating for the company in a research report on Monday, October 21st. JPMorgan Chase & Co. began coverage on Celsius in a report on Thursday, December 12th. They issued an “overweight” rating and a $37.00 price objective for the company. UBS Group dropped their target price on shares of Celsius from $50.00 to $45.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Finally, Maxim Group decreased their price target on shares of Celsius from $65.00 to $50.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $51.17.

Celsius Stock Performance

Shares of Celsius stock opened at $29.24 on Tuesday. Celsius has a 52 week low of $25.23 and a 52 week high of $99.62. The firm has a fifty day moving average of $30.09 and a two-hundred day moving average of $40.83. The stock has a market capitalization of $6.87 billion, a price-to-earnings ratio of 42.97, a PEG ratio of 3.44 and a beta of 1.76.

Insider Activity at Celsius

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

Institutional Investors Weigh In On Celsius

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Arkadios Wealth Advisors lifted its stake in shares of Celsius by 4.1% in the 2nd quarter. Arkadios Wealth Advisors now owns 7,256 shares of the company’s stock valued at $414,000 after purchasing an additional 289 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in Celsius by 12.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,567 shares of the company’s stock valued at $147,000 after purchasing an additional 289 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Celsius by 0.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 99,047 shares of the company’s stock valued at $3,106,000 after purchasing an additional 337 shares during the last quarter. Arizona State Retirement System grew its stake in Celsius by 0.9% during the 2nd quarter. Arizona State Retirement System now owns 41,615 shares of the company’s stock worth $2,376,000 after buying an additional 375 shares during the last quarter. Finally, Signaturefd LLC increased its holdings in shares of Celsius by 48.3% during the third quarter. Signaturefd LLC now owns 1,160 shares of the company’s stock valued at $36,000 after acquiring an additional 378 shares in the last quarter. 60.95% of the stock is owned by hedge funds and other institutional investors.

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.