What is B. Riley’s Forecast for Celsius FY2024 Earnings?

Celsius Holdings, Inc. (NASDAQ:CELH) – B. Riley decreased their FY2024 earnings per share (EPS) estimates for shares of Celsius in a research note issued to investors on Wednesday, November 6th. B. Riley analyst J. Van. Sinderen now forecasts that the company will earn $0.59 per share for the year, down from their prior forecast of $0.65. B. Riley currently has a “Buy” rating and a $47.00 price target on the stock. The consensus estimate for Celsius’ current full-year earnings is $0.79 per share. B. Riley also issued estimates for Celsius’ Q4 2024 earnings at $0.03 EPS and FY2026 earnings at $1.01 EPS.

Several other equities analysts have also recently issued reports on CELH. UBS Group dropped their price target on Celsius from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Thursday. Piper Sandler dropped their target price on Celsius from $50.00 to $47.00 and set an “overweight” rating on the stock in a report on Tuesday, September 24th. Maxim Group decreased their price target on Celsius from $65.00 to $50.00 and set a “buy” rating for the company in a report on Thursday, September 5th. Stifel Nicolaus dropped their price objective on shares of Celsius from $51.00 to $45.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, Bank of America reduced their target price on shares of Celsius from $32.00 to $26.00 and set an “underperform” rating for the company in a research note on Thursday, September 5th. One 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $54.40.

Celsius Stock Performance

Shares of NASDAQ:CELH opened at $30.01 on Friday. Celsius has a one year low of $27.78 and a one year high of $99.62. The stock has a market capitalization of $6.99 billion, a price-to-earnings ratio of 29.52, a PEG ratio of 2.43 and a beta of 1.86. The company has a 50-day simple moving average of $32.34 and a 200-day simple moving average of $51.49.

Celsius (NASDAQ:CELH) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.05. The firm had revenue of $402.00 million during 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 quarterly revenue was up 23.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.17 EPS.

Institutional Trading of Celsius

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CELH. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Celsius by 19.7% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 64,515 shares of the company’s stock worth $5,563,000 after purchasing an additional 10,634 shares during the period. Janney Montgomery Scott LLC boosted its stake in Celsius by 142.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 26,090 shares of the company’s stock worth $2,163,000 after buying an additional 15,316 shares during the last quarter. Nordea Investment Management AB grew its holdings in Celsius by 41.9% in the 1st quarter. Nordea Investment Management AB now owns 11,550 shares of the company’s stock valued at $962,000 after buying an additional 3,412 shares during the period. Csenge Advisory Group grew its holdings in Celsius by 8.9% in the 1st quarter. Csenge Advisory Group now owns 5,583 shares of the company’s stock valued at $463,000 after buying an additional 454 shares during the period. Finally, Geneos Wealth Management Inc. increased its stake in shares of Celsius by 2,956.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,773 shares of the company’s stock valued at $147,000 after acquiring an additional 1,715 shares during the last quarter. Hedge funds and other institutional investors own 60.95% of the company’s stock.

Insider Transactions at Celsius

In related news, CEO John Fieldly sold 74,847 shares of the 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 sale, the chief executive officer now directly owns 1,812,490 shares of the company’s stock, valued at approximately $59,449,672. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate 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.