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

Celsius (NASDAQ:CELH) posted its quarterly earnings data on Thursday. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.03, Zacks reports. Celsius had a return on equity of 51.89% and a net margin of 10.70%. The firm had revenue of $332.20 million for the quarter, compared to the consensus estimate of $326.07 million.

Celsius Stock Up 27.8 %

CELH opened at $32.62 on Friday. Celsius has a 12 month low of $21.10 and a 12 month high of $99.62. The company has a fifty day simple moving average of $26.00 and a 200 day simple moving average of $30.43. The stock has a market cap of $7.67 billion, a P/E ratio of 74.14, a P/E/G ratio of 2.90 and a beta of 1.78.

Insider Activity at Celsius

In related news, major shareholder William H. Milmoe sold 65,000 shares of the company’s stock in a transaction on 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 sale, the insider now owns 261,245 shares in the company, valued at $8,137,781.75. This represents a 19.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on CELH shares. JPMorgan Chase & Co. started coverage on Celsius in a report on Thursday, December 12th. They set an “overweight” rating and a $37.00 price objective on the stock. Morgan Stanley reaffirmed an “equal weight” rating and set a $42.00 price objective on shares of Celsius in a report on Thursday, December 26th. Stifel Nicolaus reduced their price objective on Celsius from $45.00 to $37.00 and set a “buy” rating on the stock in a report on Monday, February 10th. Needham & Company LLC reaffirmed a “buy” rating and set a $38.00 price objective on shares of Celsius in a report on Tuesday, January 28th. Finally, TD Cowen downgraded Celsius from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $40.00 to $29.00 in a report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, Celsius presently has a consensus rating of “Moderate Buy” and an average price target of $47.67.

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.