Celsius (NASDAQ:CELH) Announces Earnings Results, Beats Estimates By $0.03 EPS

Celsius (NASDAQ:CELH) announced its quarterly earnings data on Thursday. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.03, Zacks reports. Celsius had a net margin of 15.61% and a return on equity of 59.40%.

Celsius Trading Down 2.1 %

Shares of Celsius stock traded down $0.56 during mid-day trading on Thursday, reaching $25.53. 27,868,075 shares of the stock were exchanged, compared to its average volume of 8,294,598. The company has a market cap of $6.00 billion, a price-to-earnings ratio of 35.46, a price-to-earnings-growth ratio of 2.56 and a beta of 1.78. Celsius has a fifty-two week low of $21.10 and a fifty-two week high of $99.62. The firm has a 50-day simple moving average of $26.13 and a 200 day simple moving average of $30.47.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on CELH. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Celsius in a research report on Thursday, December 12th. They issued a “hold” rating and a $32.00 price target on the stock. JPMorgan Chase & Co. assumed coverage on shares of Celsius in a research note on Thursday, December 12th. They set an “overweight” rating and a $37.00 target price for the company. Jefferies Financial Group decreased their price objective on shares of Celsius from $44.00 to $40.00 and set a “buy” rating for the company in a research note on Thursday, December 19th. B. Riley decreased their target price on shares of Celsius from $50.00 to $47.00 and set a “buy” rating for the company in a research note on Monday, November 4th. Finally, TD Cowen cut shares of Celsius from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $40.00 to $29.00 in a report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $47.56.

Insider Transactions at Celsius

In other Celsius news, major shareholder William H. Milmoe sold 65,000 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $31.15, for a total value of $2,024,750.00. Following the completion of the transaction, the insider now directly owns 261,245 shares of the company’s stock, valued at approximately $8,137,781.75. The trade was a 19.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.20% of the company’s stock.

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.