What is Roth Capital’s Forecast for Celsius FY2024 Earnings?

Celsius Holdings, Inc. (NASDAQ:CELH) – Equities research analysts at Roth Capital reduced their FY2024 earnings per share (EPS) estimates for shares of Celsius in a report issued on Monday, October 21st. Roth Capital analyst S. Mcgowan now forecasts that the company will post earnings per share of $0.79 for the year, down from their prior forecast of $0.88. The consensus estimate for Celsius’ current full-year earnings is $0.82 per share.

Celsius (NASDAQ:CELH) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.05. Celsius had a return on equity of 94.75% and a net margin of 19.58%. The company had revenue of $402.00 million during the quarter, compared to analyst estimates of $391.07 million. During the same quarter last year, the company earned $0.17 EPS. The firm’s revenue for the quarter was up 23.4% on a year-over-year basis.

Several other brokerages have also recently issued reports on CELH. TD Cowen decreased their target price on shares of Celsius from $68.00 to $50.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Stifel Nicolaus lowered their price objective on Celsius from $61.00 to $51.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. Bank of America decreased their price target on Celsius from $32.00 to $26.00 and set an “underperform” rating for the company in a research note on Thursday, September 5th. B. Riley lowered their price target on Celsius from $80.00 to $73.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Finally, Roth Mkm reduced their price objective on Celsius from $45.00 to $43.00 and set a “buy” rating for the company in a report on Friday, September 27th. One analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, Celsius currently has a consensus rating of “Moderate Buy” and a consensus price target of $58.00.

Celsius Price Performance

Shares of NASDAQ:CELH opened at $32.02 on Tuesday. The company has a market capitalization of $7.46 billion, a PE ratio of 35.19, a PEG ratio of 2.29 and a beta of 1.84. The business has a fifty day moving average price of $34.48 and a 200-day moving average price of $55.02. Celsius has a 1-year low of $28.20 and a 1-year high of $99.62.

Institutional Trading of Celsius

Institutional investors and hedge funds have recently modified their holdings of the company. FinTrust Capital Advisors LLC purchased a new position in shares of Celsius in the first quarter valued at about $25,000. S.A. Mason LLC purchased a new position in Celsius in the 2nd quarter worth approximately $30,000. EverSource Wealth Advisors LLC boosted its stake in Celsius by 3,116.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company’s stock worth $32,000 after purchasing an additional 374 shares during the period. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Celsius during the 3rd quarter valued at approximately $34,000. Finally, Signaturefd LLC raised its position in shares of Celsius by 48.3% during the third quarter. Signaturefd LLC now owns 1,160 shares of the company’s stock valued at $36,000 after buying an additional 378 shares during the last quarter. 60.95% of the stock is currently owned by institutional investors.

Insider Activity at Celsius

In other Celsius news, CEO John Fieldly sold 74,847 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $32.80, for a total transaction of $2,454,981.60. Following the sale, the chief executive officer now owns 1,812,490 shares in the company, valued at approximately $59,449,672. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.20% of the stock is currently owned by corporate insiders.

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.