FY2024 Earnings Estimate for Celsius Issued By William Blair

Celsius Holdings, Inc. (NASDAQ:CELH) – Equities research analysts at William Blair reduced their FY2024 earnings per share estimates for shares of Celsius in a report issued on Wednesday, November 6th. William Blair analyst J. Andersen now expects that the company will post earnings of $0.65 per share for the year, down from their prior estimate of $0.72. The consensus estimate for Celsius’ current full-year earnings is $0.79 per share.

Several other analysts also recently issued reports on the stock. Jefferies Financial Group decreased their price objective on shares of Celsius from $53.00 to $48.00 and set a “buy” rating for the company in a research note on Thursday, October 10th. Stifel Nicolaus dropped their price objective on Celsius from $61.00 to $51.00 and set a “buy” rating for the company in a report on Thursday, September 5th. UBS Group cut their price objective on Celsius from $70.00 to $64.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. Piper Sandler lowered their target price on shares of Celsius from $50.00 to $47.00 and set an “overweight” rating for the company in a research note on Tuesday, September 24th. Finally, Maxim Group reduced 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 research 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. Based on data from MarketBeat.com, Celsius currently has a consensus rating of “Moderate Buy” and an average target price of $56.27.

Celsius Trading Down 5.3 %

Celsius stock opened at $30.04 on Thursday. Celsius has a 12-month low of $27.78 and a 12-month high of $99.62. The firm has a 50-day moving average price of $32.49 and a 200-day moving average price of $51.64. The firm has a market capitalization of $7.00 billion, a PE ratio of 29.45, a price-to-earnings-growth ratio of 2.45 and a beta of 1.86.

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

Institutional Trading of Celsius

Institutional investors have recently modified their holdings of the company. Massachusetts Financial Services Co. MA raised its stake in shares of Celsius by 231.2% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,946,208 shares of the company’s stock worth $225,289,000 after acquiring an additional 2,754,722 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Celsius by 18.7% during the first quarter. Vanguard Group Inc. now owns 16,313,762 shares of the company’s stock worth $1,352,737,000 after purchasing an additional 2,567,290 shares in the last quarter. Capital International Investors lifted its holdings in shares of Celsius by 50.6% during the 1st quarter. Capital International Investors now owns 3,966,194 shares of the company’s stock valued at $328,877,000 after purchasing an additional 1,333,217 shares during the last quarter. Capital Research Global Investors acquired a new stake in shares of Celsius in the 1st quarter worth $99,746,000. Finally, GQG Partners LLC purchased a new position in Celsius during the 1st quarter worth $76,352,000. 60.95% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO John Fieldly sold 74,847 shares of Celsius stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $32.80, for a total value of $2,454,981.60. Following the transaction, the chief executive officer now directly owns 1,812,490 shares in the company, valued at approximately $59,449,672. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.20% of the stock is owned by company insiders.

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.