Q2 2024 EPS Estimates for Celsius Holdings, Inc. Decreased by William Blair (NASDAQ:CELH)

Celsius Holdings, Inc. (NASDAQ:CELH) – Research analysts at William Blair decreased their Q2 2024 earnings per share (EPS) estimates for Celsius in a report issued on Wednesday, June 26th. William Blair analyst J. Andersen now forecasts 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 topic of several other research reports. Maxim Group decreased their target price on Celsius from $110.00 to $90.00 and set a “buy” rating on the stock in a research note on Tuesday, June 18th. BNP Paribas started coverage on Celsius in a research report on Monday. They set an “outperform” rating and a $87.00 price objective for the company. TD Cowen decreased their price objective on Celsius from $95.00 to $85.00 and set a “buy” rating for the company in a research report on Thursday, June 13th. Morgan Stanley reissued an “equal weight” rating and issued a $68.00 price target on shares of Celsius in a report on Tuesday. Finally, Wedbush dropped their price target on Celsius from $85.00 to $83.00 and set an “outperform” rating for the company in a research report on Wednesday, June 12th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $81.82.

Celsius Stock Performance

NASDAQ CELH opened at $56.56 on Thursday. Celsius has a fifty-two week low of $45.03 and a fifty-two week high of $99.62. The stock’s fifty day moving average is $75.48 and its two-hundred day moving average is $70.08. The firm has a market capitalization of $13.18 billion, a P/E ratio of 62.15, a price-to-earnings-growth ratio of 1.61 and a beta of 1.93.

Celsius (NASDAQ:CELH) last issued its quarterly earnings results on Tuesday, May 7th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.20 by $0.07. Celsius had a return on equity of 111.29% and a net margin of 18.63%. The firm had revenue of $355.70 million during the quarter, compared to analysts’ expectations of $390.37 million. During the same period in the previous year, the business earned $0.13 earnings per share. The firm’s revenue for the quarter was up 36.9% on a year-over-year basis.

Institutional Trading of Celsius

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cary Street Partners Investment Advisory LLC grew its holdings in Celsius by 1,350.0% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 145 shares of the company’s stock valued at $25,000 after buying an additional 135 shares during the last quarter. Contravisory Investment Management Inc. bought a new stake in shares of Celsius during the fourth quarter worth $25,000. Transcendent Capital Group LLC bought a new stake in shares of Celsius during the fourth quarter worth $25,000. FinTrust Capital Advisors LLC acquired a new stake in shares of Celsius during the first quarter worth $25,000. Finally, Tidemark LLC acquired a new stake in shares of Celsius during the fourth quarter worth $29,000. Institutional investors and hedge funds own 60.95% of the company’s stock.

Insider Activity at Celsius

In related news, CFO Jarrod Langhans sold 4,079 shares of the firm’s 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Celsius news, major shareholder William H. Milmoe sold 428,574 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $59.67, for a total value of $25,573,010.58. Following the sale, the insider now owns 23,964,450 shares of the company’s stock, valued at approximately $1,429,958,731.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Jarrod Langhans sold 4,079 shares of the firm’s stock in a transaction that occurred on Friday, April 19th. The shares were 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 directly owns 83,670 shares in the company, valued at approximately $5,808,371.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,776,696 shares of company stock valued at $107,920,209. Corporate insiders own 2.20% 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.