B. Riley Weighs in on Celsius’ Q3 Earnings (NASDAQ:CELH)

Celsius Holdings, Inc. (NASDAQ:CELH) – Equities researchers at B. Riley dropped their Q3 2024 EPS estimates for Celsius in a note issued to investors on Sunday, November 3rd. B. Riley analyst J. Van. Sinderen now expects that the company will post earnings of $0.02 per share for the quarter, down from their prior forecast 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.

CELH has been the topic of a number of other reports. Piper Sandler reduced their price target 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. TD Cowen reduced their price target on shares of Celsius from $68.00 to $50.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. LADENBURG THALM/SH SH reduced their target price on shares of Celsius from $72.00 to $68.00 and set a “neutral” rating on the stock in a research report on Monday, October 21st. Bank of America reduced their target price on shares of Celsius from $32.00 to $26.00 and set an “underperform” rating on the stock in a research report on Thursday, September 5th. Finally, Roth Mkm reduced their target price on shares of Celsius from $45.00 to $43.00 and set a “buy” rating on the stock in a research report on Friday, September 27th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, Celsius has an average rating of “Moderate Buy” and a consensus price target of $56.27.

Celsius Stock Down 1.3 %

Shares of CELH stock opened at $31.07 on Tuesday. The stock has a market cap of $7.24 billion, a price-to-earnings ratio of 30.56, a price-to-earnings-growth ratio of 2.34 and a beta of 1.86. Celsius has a fifty-two week low of $28.20 and a fifty-two week high of $99.62. The firm’s 50 day moving average price is $32.81 and its two-hundred day moving average price is $52.06.

Celsius (NASDAQ:CELH) last announced its quarterly earnings results 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 for 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%. Celsius’s revenue was up 23.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.17 earnings per share.

Institutional Trading of Celsius

Institutional investors have recently added to or reduced their stakes in the business. FinTrust Capital Advisors LLC bought a new stake in Celsius during the first quarter valued at $25,000. S.A. Mason LLC bought a new stake in Celsius during the second quarter valued at $30,000. EverSource Wealth Advisors LLC increased its stake in Celsius by 3,116.7% during the first quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company’s stock valued at $32,000 after purchasing an additional 374 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in Celsius during the third quarter valued at $34,000. Finally, Signaturefd LLC grew its position in shares of Celsius by 48.3% during the third quarter. Signaturefd LLC now owns 1,160 shares of the company’s stock worth $36,000 after acquiring an additional 378 shares during the last quarter. Institutional investors own 60.95% of the company’s stock.

Insider Buying and Selling

In related news, CEO John Fieldly sold 74,847 shares of Celsius stock in a transaction 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 owns 1,812,490 shares in the company, valued at approximately $59,449,672. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.20% 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.