Q2 2024 Earnings Forecast for Celsius Holdings, Inc. Issued By William Blair (NASDAQ:CELH)

Celsius Holdings, Inc. (NASDAQ:CELH) – Research analysts at William Blair reduced their Q2 2024 earnings per share estimates for Celsius in a report released on Wednesday, June 26th. William Blair analyst J. Andersen now expects that the company will post earnings of $0.24 per share for the quarter, down from their previous forecast of $0.25. The consensus estimate for Celsius’ current full-year earnings is $1.07 per share. William Blair also issued estimates for Celsius’ Q4 2024 earnings at $0.27 EPS.

Other research analysts have also issued research reports about the stock. Truist Financial began coverage on shares of Celsius in a research report on Tuesday. They issued a “hold” rating and a $60.00 price target for the company. Wedbush cut their target price on Celsius from $85.00 to $83.00 and set an “outperform” rating for the company in a research report on Wednesday, June 12th. BNP Paribas started coverage on Celsius in a research report on Monday, June 24th. They issued an “outperform” rating and a $87.00 price target on the stock. Jefferies Financial Group cut their price objective on Celsius from $104.00 to $98.00 and set a “buy” rating for the company in a report on Thursday, June 13th. Finally, TD Cowen lowered their target price on shares of Celsius from $95.00 to $85.00 and set a “buy” rating on the stock in a report on Thursday, June 13th. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $81.82.

Celsius Stock Performance

Shares of CELH stock opened at $57.09 on Thursday. The firm has a fifty day moving average of $75.00 and a 200-day moving average of $70.04. Celsius has a 52-week low of $45.03 and a 52-week high of $99.62. The stock has a market cap of $13.31 billion, a price-to-earnings ratio of 62.74, a P/E/G ratio of 1.63 and a beta of 1.93.

Celsius (NASDAQ:CELH) last issued its earnings results on Tuesday, May 7th. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.07. Celsius had a return on equity of 111.29% and a net margin of 18.63%. The business had revenue of $355.70 million during the quarter, compared to analyst estimates of $390.37 million. During the same period in the prior year, the company posted $0.13 earnings per share. Celsius’s revenue was up 36.9% on a year-over-year basis.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. First Trust Advisors LP lifted its stake in Celsius by 123.5% in the fourth quarter. First Trust Advisors LP now owns 586,413 shares of the company’s stock valued at $31,971,000 after buying an additional 324,049 shares during the period. Brown Advisory Inc. bought a new stake in Celsius in the fourth quarter valued at approximately $242,000. Coldstream Capital Management Inc. raised its holdings in Celsius by 190.9% in the fourth quarter. Coldstream Capital Management Inc. now owns 3,945 shares of the company’s stock worth $215,000 after purchasing an additional 2,589 shares during the period. Moody National Bank Trust Division acquired a new position in shares of Celsius in the 4th quarter valued at $917,000. Finally, Dimensional Fund Advisors LP increased its position in shares of Celsius by 215.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 487,367 shares of the company’s stock valued at $26,577,000 after buying an additional 332,980 shares in the last quarter. 60.95% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Celsius

In other news, CFO Jarrod Langhans sold 4,079 shares of the company’s stock in a transaction on Friday, April 19th. The stock was sold at an average price of $69.42, for a total transaction of $283,164.18. Following the transaction, the chief financial officer now owns 83,670 shares of the company’s stock, valued at $5,808,371.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, major shareholder William H. Milmoe sold 40,000 shares of the stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $92.95, for a total value of $3,718,000.00. Following the transaction, the insider now directly owns 226,245 shares in the company, valued at $21,029,472.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Jarrod Langhans sold 4,079 shares of Celsius stock in a transaction on Friday, April 19th. The stock was sold at an average price of $69.42, for a total transaction of $283,164.18. Following the sale, the chief financial officer now directly owns 83,670 shares of the company’s stock, valued at approximately $5,808,371.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,776,696 shares of company stock worth $107,920,209. 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.