Analysts Set Expectations for Celsius Holdings, Inc.’s Q2 2024 Earnings (NASDAQ:CELH)

Celsius Holdings, Inc. (NASDAQ:CELH) – Equities research analysts at William Blair cut their Q2 2024 earnings estimates for shares of Celsius in a research report issued to clients and investors on Tuesday, May 7th. William Blair analyst J. Andersen now anticipates that the company will post earnings per share of $0.25 for the quarter, down from their prior forecast of $0.26. The consensus estimate for Celsius’ current full-year earnings is $1.09 per share. William Blair also issued estimates for Celsius’ Q3 2024 earnings at $0.30 EPS, Q4 2024 earnings at $0.30 EPS, FY2024 earnings at $1.06 EPS and FY2025 earnings at $1.45 EPS.

Several other equities analysts have also commented on the stock. Jefferies Financial Group increased their price objective on shares of Celsius from $98.00 to $105.00 and gave the company a “buy” rating in a research report on Monday, March 18th. UBS Group cut their price target on shares of Celsius from $99.00 to $92.00 and set a “buy” rating on the stock in a report on Wednesday. Stifel Europe raised their price target on Celsius from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, March 18th. Wedbush reiterated an “outperform” rating and set a $100.00 target price on shares of Celsius in a report on Friday, May 3rd. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $75.00 price objective on shares of Celsius in a research note on Wednesday, March 27th. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $84.95.

Celsius Price Performance

Shares of CELH opened at $77.13 on Thursday. The business’s 50 day simple moving average is $81.42 and its 200-day simple moving average is $65.97. Celsius has a 1 year low of $34.74 and a 1 year high of $99.62. The stock has a market capitalization of $17.82 billion, a price-to-earnings ratio of 100.17, a price-to-earnings-growth ratio of 2.22 and a beta of 1.93.

Celsius (NASDAQ:CELH) last issued its quarterly earnings data on Tuesday, May 7th. The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.07. Celsius had a return on equity of 131.58% and a net margin of 17.21%. The firm had revenue of $355.70 million during the quarter, compared to analyst estimates of $390.37 million. During the same quarter last year, the business posted $0.13 earnings per share. The business’s quarterly revenue was up 36.9% compared to the same quarter last year.

Insider Activity at Celsius

In related news, major shareholder William H. Milmoe sold 428,568 shares of Celsius stock in a transaction dated Monday, April 29th. The stock was 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 25,464,453 shares in the company, valued at approximately $1,519,463,910.51. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Celsius news, major shareholder William H. Milmoe sold 428,568 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $59.67, for a total value of $25,572,652.56. Following the transaction, the insider now directly owns 25,464,453 shares of the company’s stock, valued at approximately $1,519,463,910.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder William H. Milmoe sold 428,574 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $59.67, for a total value of $25,573,010.58. Following the completion of the sale, the insider now directly owns 23,750,163 shares of the company’s stock, valued at approximately $1,417,172,226.21. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,043,363 shares of company stock valued at $131,361,140. 2.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Celsius

Hedge funds have recently bought and sold shares of the stock. Cary Street Partners Investment Advisory LLC lifted its stake in Celsius by 1,350.0% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 145 shares of the company’s stock worth $25,000 after acquiring an additional 135 shares during the last quarter. Contravisory Investment Management Inc. purchased a new position in Celsius in the fourth quarter valued at $25,000. Transcendent Capital Group LLC acquired a new stake in Celsius in the fourth quarter valued at $25,000. FinTrust Capital Advisors LLC purchased a new stake in Celsius during the 1st quarter worth about $25,000. Finally, Tidemark LLC purchased a new position in shares of Celsius in the 4th quarter valued at about $29,000. Institutional investors and hedge funds own 60.95% of the company’s stock.

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.