FY2024 EPS Estimates for Celsius Lowered by William Blair

Celsius Holdings, Inc. (NASDAQ:CELH) – Equities research analysts at William Blair decreased their FY2024 EPS estimates for shares of Celsius in a research note issued on Wednesday, November 6th. William Blair analyst J. Andersen now anticipates that the company will earn $0.65 per share for the year, down from their previous forecast of $0.72. The consensus estimate for Celsius’ current full-year earnings is $0.79 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, topping analysts’ consensus estimates of $0.23 by $0.05. The business had revenue of $402.00 million for the quarter, compared to analyst estimates of $391.07 million. Celsius had a return on equity of 94.75% and a net margin of 19.58%. The company’s revenue was up 23.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.17 earnings per share.

Other equities analysts also recently issued reports about the company. Jefferies Financial Group lowered their price objective on Celsius from $53.00 to $48.00 and set a “buy” rating for the company in a research report on Thursday, October 10th. LADENBURG THALM/SH SH lowered their price target on shares of Celsius from $72.00 to $68.00 and set a “neutral” rating for the company in a report on Monday, October 21st. B. Riley dropped their price objective on shares of Celsius from $50.00 to $47.00 and set a “buy” rating on the stock in a research report on Monday. Stifel Nicolaus decreased their price objective on shares of Celsius from $51.00 to $45.00 and set a “buy” rating for the company in a research report on Thursday. Finally, Piper Sandler dropped their target price on Celsius from $50.00 to $47.00 and set an “overweight” rating on the stock in a report on Tuesday, September 24th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $54.40.

Celsius Price Performance

CELH opened at $30.01 on Thursday. The business has a fifty day moving average price of $32.34 and a 200 day moving average price of $51.49. Celsius has a 12 month low of $27.78 and a 12 month high of $99.62. The stock has a market capitalization of $6.99 billion, a price-to-earnings ratio of 29.52, a PEG ratio of 2.43 and a beta of 1.86.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Savoir Faire Capital Management L.P. lifted its stake in shares of Celsius by 17.1% in the 3rd quarter. Savoir Faire Capital Management L.P. now owns 173,518 shares of the company’s stock worth $5,442,000 after acquiring an additional 25,315 shares during the period. Quest Partners LLC lifted its position in shares of Celsius by 671.1% during the 3rd quarter. Quest Partners LLC now owns 21,814 shares of the company’s stock valued at $684,000 after acquiring an additional 18,985 shares during the period. Dillon & Associates Inc. boosted its stake in shares of Celsius by 72.2% during the 3rd quarter. Dillon & Associates Inc. now owns 76,607 shares of the company’s stock worth $2,375,000 after acquiring an additional 32,111 shares in the last quarter. Aigen Investment Management LP acquired a new stake in shares of Celsius in the 3rd quarter worth approximately $1,003,000. Finally, GSA Capital Partners LLP increased its stake in Celsius by 21.8% in the 3rd quarter. GSA Capital Partners LLP now owns 28,136 shares of the company’s stock valued at $882,000 after purchasing an additional 5,038 shares in the last quarter. 60.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Celsius

In related news, CEO John Fieldly sold 74,847 shares of the stock in a transaction 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 completion of the sale, the chief executive officer now owns 1,812,490 shares in the company, valued at $59,449,672. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.20% of the stock is owned by company insiders.

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.