Celsius (NASDAQ:CELH) Posts Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Celsius (NASDAQ:CELHGet Free Report) issued its earnings results on Thursday. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.03, Zacks reports. Celsius had a return on equity of 59.40% and a net margin of 15.61%.

Celsius Stock Down 2.1 %

Shares of Celsius stock traded down $0.56 on Thursday, hitting $25.53. 28,860,647 shares of the company’s stock traded hands, compared to its average volume of 8,500,776. The firm’s 50-day moving average is $26.13 and its 200 day moving average is $30.47. The stock has a market cap of $6.00 billion, a P/E ratio of 35.46, a PEG ratio of 2.56 and a beta of 1.78. Celsius has a 52-week low of $21.10 and a 52-week high of $99.62.

Insider Activity at Celsius

In related news, major shareholder William H. Milmoe sold 65,000 shares of the business’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 completion of the sale, the insider now directly owns 261,245 shares of the company’s stock, valued at $8,137,781.75. The trade was a 19.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CELH. UBS Group cut their price objective on Celsius from $45.00 to $39.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Morgan Stanley reaffirmed an “equal weight” rating and set a $42.00 price target on shares of Celsius in a research report on Thursday, December 26th. Stifel Nicolaus decreased their price objective on shares of Celsius from $45.00 to $37.00 and set a “buy” rating for the company in a research note on Monday, February 10th. Needham & Company LLC reissued a “buy” rating and issued a $38.00 target price on shares of Celsius in a research note on Tuesday, January 28th. Finally, Piper Sandler decreased their price target on shares of Celsius from $47.00 to $33.00 and set an “overweight” rating for the company in a research report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.56.

Check Out Our Latest Stock Report on CELH

About Celsius

(Get Free Report)

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.

See Also

Earnings History for Celsius (NASDAQ:CELH)

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