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

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

Celsius Price Performance

Shares of NASDAQ CELH traded down $0.56 during mid-day trading on Thursday, reaching $25.53. 27,868,075 shares of the company’s stock were exchanged, compared to its average volume of 8,294,598. The firm has a market capitalization 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 52 week low of $21.10 and a 52 week high of $99.62. The firm has a 50-day moving average price of $26.13 and a two-hundred day moving average price of $30.47.

Wall Street Analyst Weigh In

CELH has been the subject of several recent research reports. B. Riley reduced their price target on Celsius from $50.00 to $47.00 and set a “buy” rating for the company in a research report on Monday, November 4th. Needham & Company LLC restated a “buy” rating and set a $38.00 price objective on shares of Celsius in a research report on Tuesday, January 28th. Deutsche Bank Aktiengesellschaft began coverage on shares of Celsius in a report on Thursday, December 12th. They set a “hold” rating and a $32.00 price target for the company. Jefferies Financial Group decreased their price objective on Celsius from $44.00 to $40.00 and set a “buy” rating for the company in a report on Thursday, December 19th. Finally, Piper Sandler cut their target price on Celsius from $47.00 to $33.00 and set an “overweight” rating on the stock in a research report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $47.56.

Insider Transactions at Celsius

In related news, major shareholder William H. Milmoe sold 65,000 shares of the business’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $31.15, for a total value of $2,024,750.00. Following the sale, the insider now directly owns 261,245 shares in the company, valued at approximately $8,137,781.75. The trade was a 19.92 % decrease in their position. 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.