FY2024 Earnings Forecast for Celsius Issued By Roth Capital

Celsius Holdings, Inc. (NASDAQ:CELH) – Research analysts at Roth Capital reduced their FY2024 earnings per share (EPS) estimates for Celsius in a report released on Monday, December 16th. Roth Capital analyst S. Mcgowan now forecasts that the company will post earnings per share of $0.67 for the year, down from their prior estimate of $0.71. The consensus estimate for Celsius’ current full-year earnings is $0.69 per share. Roth Capital also issued estimates for Celsius’ Q4 2024 earnings at $0.12 EPS, Q4 2025 earnings at $0.21 EPS, FY2025 earnings at $0.87 EPS and FY2026 earnings at $1.06 EPS.

A number of other research firms have also weighed in on CELH. LADENBURG THALM/SH SH dropped their price objective on Celsius from $72.00 to $68.00 and set a “neutral” rating for the company in a research note on Monday, October 21st. Piper Sandler reduced their price objective on Celsius from $50.00 to $47.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 24th. Maxim Group lowered their target price on shares of Celsius from $65.00 to $50.00 and set a “buy” rating for the company in a report on Thursday, September 5th. Morgan Stanley reissued an “equal weight” rating and set a $50.00 price target on shares of Celsius in a research note on Tuesday, August 20th. Finally, Roth Mkm lowered their price objective on shares of Celsius from $40.00 to $38.00 and set a “buy” rating for the company in a research report on Monday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, Celsius currently has an average rating of “Moderate Buy” and an average price target of $51.17.

Celsius Price Performance

Shares of CELH opened at $29.24 on Tuesday. Celsius has a one year low of $25.23 and a one year high of $99.62. The firm has a market capitalization of $6.87 billion, a PE ratio of 42.97, a price-to-earnings-growth ratio of 3.44 and a beta of 1.76. The company has a 50-day simple moving average of $30.09 and a two-hundred day simple moving average of $40.83.

Hedge Funds Weigh In On Celsius

A number of large investors have recently bought and sold shares of CELH. Charles Schwab Investment Management Inc. lifted its holdings in shares of Celsius by 19.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,381,279 shares of the company’s stock valued at $43,317,000 after buying an additional 221,833 shares during the period. Van ECK Associates Corp increased its stake in Celsius by 169.8% in the 3rd quarter. Van ECK Associates Corp now owns 29,324 shares of the company’s stock valued at $893,000 after buying an additional 18,456 shares during the period. Savoir Faire Capital Management L.P. increased its stake in shares of Celsius by 17.1% in the third 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 last quarter. Vontobel Holding Ltd. increased its position in Celsius by 93.5% in the 3rd quarter. Vontobel Holding Ltd. now owns 47,147 shares of the company’s stock worth $1,479,000 after purchasing an additional 22,786 shares during the last quarter. Finally, iA Global Asset Management Inc. bought a new position in Celsius during the third quarter valued at approximately $2,772,000. Institutional investors own 60.95% of the company’s stock.

Insider Activity at Celsius

In other 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 transaction, the insider now owns 261,245 shares of the company’s stock, valued at approximately $8,137,781.75. This trade represents a 19.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company 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.