Celsius (CELH) to Release Earnings on Thursday

Celsius (NASDAQ:CELH) is projected to post its quarterly earnings results before the market opens on Thursday, March 6th. Analysts expect Celsius to post earnings of $0.12 per share and revenue of $330.84 million for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Celsius (NASDAQ:CELH) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.03. The firm had revenue of $332.20 million for the quarter, compared to the consensus estimate of $326.07 million. Celsius had a net margin of 10.70% and a return on equity of 51.89%. On average, analysts expect Celsius to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Celsius Trading Up 1.2 %

Celsius stock opened at $27.20 on Thursday. The stock has a market cap of $6.39 billion, a price-to-earnings ratio of 61.82, a PEG ratio of 2.90 and a beta of 1.78. The company’s 50-day moving average price is $25.98 and its two-hundred day moving average price is $30.10. Celsius has a 52 week low of $21.10 and a 52 week high of $99.62.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. TD Cowen cut shares of Celsius from a “buy” rating to a “hold” rating and lowered their target price for the company from $40.00 to $29.00 in a research note on Wednesday, January 22nd. Jefferies Financial Group lowered their price objective on shares of Celsius from $44.00 to $40.00 and set a “buy” rating on the stock in a research note on Thursday, December 19th. JPMorgan Chase & Co. began coverage on shares of Celsius in a research note on Thursday, December 12th. They issued an “overweight” rating and a $37.00 price objective on the stock. Roth Mkm reaffirmed a “buy” rating and issued a $38.00 price objective on shares of Celsius in a research note on Friday, February 21st. Finally, UBS Group lowered their price objective on shares of Celsius from $45.00 to $39.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $47.78.

Insider Buying and Selling

In other Celsius news, major shareholder William H. Milmoe sold 65,000 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $31.15, for a total transaction of $2,024,750.00. Following the sale, the insider now owns 261,245 shares of the company’s stock, valued at $8,137,781.75. This represents a 19.92 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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.