Q2 2024 EPS Estimates for Celsius Holdings, Inc. (NASDAQ:CELH) Cut by Analyst

Celsius Holdings, Inc. (NASDAQ:CELH) – Equities research analysts at William Blair lowered their Q2 2024 EPS estimates for shares of Celsius in a research report issued to clients and investors on Wednesday, June 26th. William Blair analyst J. Andersen now expects that the company will post earnings of $0.24 per share for the quarter, down from their prior estimate of $0.25. The consensus estimate for Celsius’ current full-year earnings is $1.07 per share. William Blair also issued estimates for Celsius’ Q4 2024 earnings at $0.27 EPS.

CELH has been the subject of several other reports. Maxim Group cut their price target on shares of Celsius from $110.00 to $90.00 and set a “buy” rating for the company in a report on Tuesday, June 18th. Morgan Stanley reissued an “equal weight” rating and set a $68.00 price objective on shares of Celsius in a research note on Tuesday. Bank of America upped their target price on Celsius from $80.00 to $84.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 29th. Jefferies Financial Group dropped their price target on Celsius from $104.00 to $98.00 and set a “buy” rating for the company in a research report on Thursday, June 13th. Finally, BNP Paribas initiated coverage on shares of Celsius in a research report on Monday, June 24th. They issued an “outperform” rating and a $87.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $81.82.

Celsius Trading Down 0.8 %

CELH stock opened at $57.09 on Thursday. The firm has a 50 day moving average of $75.00 and a 200-day moving average of $70.04. The firm has a market capitalization of $13.31 billion, a P/E ratio of 62.74, a price-to-earnings-growth ratio of 1.63 and a beta of 1.93. Celsius has a 12 month low of $45.03 and a 12 month high of $99.62.

Celsius (NASDAQ:CELH) last released its quarterly earnings data on Tuesday, May 7th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.07. Celsius had a return on equity of 111.29% and a net margin of 18.63%. The company had revenue of $355.70 million for the quarter, compared to analyst estimates of $390.37 million. During the same period in the previous year, the company posted $0.13 EPS. The firm’s revenue for the quarter was up 36.9% compared to the same quarter last year.

Insider Activity

In other news, CFO Jarrod Langhans sold 4,079 shares of the business’s stock in a transaction dated Friday, April 19th. The stock was sold at an average price of $69.42, for a total value of $283,164.18. Following the completion of the sale, the chief financial officer now owns 83,670 shares of the company’s stock, valued at approximately $5,808,371.40. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Celsius news, CFO Jarrod Langhans sold 4,079 shares of Celsius stock in a transaction that occurred on Friday, April 19th. The stock was sold at an average price of $69.42, for a total value of $283,164.18. Following the transaction, the chief financial officer now directly owns 83,670 shares of the company’s stock, valued at approximately $5,808,371.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder William H. Milmoe sold 428,568 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $59.67, for a total value of $25,572,652.56. Following the sale, the insider now directly owns 25,035,885 shares of the company’s stock, valued at approximately $1,493,891,257.95. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,776,696 shares of company stock valued at $107,920,209. 2.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Celsius

Hedge funds and other institutional investors have recently modified their holdings of the company. Cary Street Partners Investment Advisory LLC raised its position in Celsius by 1,350.0% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 145 shares of the company’s stock valued at $25,000 after purchasing an additional 135 shares during the last quarter. FinTrust Capital Advisors LLC purchased a new stake in Celsius in the first quarter worth $25,000. EverSource Wealth Advisors LLC boosted its holdings in Celsius by 3,116.7% in the first quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company’s stock valued at $32,000 after acquiring an additional 374 shares in the last quarter. Rise Advisors LLC increased its position in Celsius by 1,370.0% during the 1st quarter. Rise Advisors LLC now owns 441 shares of the company’s stock valued at $37,000 after purchasing an additional 411 shares during the period. Finally, Transcendent Capital Group LLC bought a new position in Celsius in the 4th quarter worth $25,000. 60.95% of the stock is owned by 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.