Celsius Holdings, Inc. (NASDAQ: CELH) to report earnings of $ 0.06 per share
Stock analysts expect Celsius Holdings, Inc. (NASDAQ: CELH) to report earnings per share (EPS) of $ 0.06 for the current quarter, Zacks investment research reports. Three analysts estimated Celsius earnings, with estimates ranging from $ 0.04 to $ 0.07. Celsius also posted a profit of $ 0.06 per share in the same quarter last year. The company is expected to release its next earnings report on Thursday, November 11.
According to Zacks, analysts expect Celsius to report annual earnings of $ 0.18 per share for the current fiscal year, with EPS estimates ranging from $ 0.15 to $ 0.20. For next year, analysts predict the company will post earnings of $ 0.38 per share, with EPS estimates ranging from $ 0.26 to $ 0.45. Zacks’ EPS calculations are an average based on a survey of research analysts who track Celsius.
Celsius (NASDAQ: CELH) last released its quarterly earnings data on Thursday, August 12. The company reported earnings per share (EPS) of $ 0.05 for the quarter, beating the consensus estimate of $ 0.01 by $ 0.04 by the Zacks. Celsius had a return on equity of 8.78% and a net margin of 5.84%. The company posted revenue of $ 65.07 million in the quarter, compared to $ 51.67 million expected by analysts.
Several analysts recently weighed on CELH stocks. B. Riley raised his Celsius price target from $ 92.00 to $ 100.00 and gave the stock a “buy” rating in a report released on Friday, August 13. Credit Suisse Group raised its price target on Celsius from $ 78.00 to $ 82.00 and gave the stock an “outperformance” rating in a report released on Friday, August 13. Zacks investment research reduced Celsius from a “strong buy” rating to a “retained” rating in a report released Wednesday. Roth Capital raised its Celsius price target from $ 85.00 to $ 100.00 and gave the stock a “buy” rating in a report released on Friday, September 10. Finally, Jefferies Financial Group began covering Celsius in a report on Thursday, September 16. They issued a “buy” note and a price target of $ 115.00 for the company. Two research analysts rated the stock with a conservation rating and five issued a buy rating for the stock. According to MarketBeat data, the stock has a consensus rating of “Buy” and an average price target of $ 78.14.
NASDAQ: CELH traded down $ 3.59 at midday on Friday, hitting $ 88.91. 1,491,050 shares of the stock were traded, for an average volume of 1,224,831. The stock has a market cap of $ 6.62 billion, a price / earnings ratio of 635.07 and a beta of 2.14 . The company’s 50-day simple moving average is $ 85.28 and its 200-day simple moving average is $ 70.91. Celsius has a fifty-two week low of $ 19.80 and a fifty-two week high of $ 101.50.
Hedge funds recently changed their holdings of equities. Russell Investments Group Ltd. increased its position in Celsius by 43.1% in the second quarter. Russell Investments Group Ltd. now owns 78,025 shares of the company valued at $ 5,935,000 after acquiring 23,513 additional shares during the last quarter. The Alaska State Department of Revenue increased its stake in Celsius shares by 25.4% in the second quarter. The Alaska State Department of Revenue now owns 22,776 shares of the company valued at $ 1,733,000 after acquiring an additional 4,618 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Celsius shares by 331.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 130,212 shares of the company valued at $ 6,257,000 after acquiring an additional 100,048 shares during the last quarter. Morgan Stanley increased its stake in Celsius shares by 206.2% in the 1st quarter. Morgan Stanley now owns 175,621 shares of the company valued at $ 8,438,000 after acquiring 118,272 additional shares in the last quarter. Finally, State of Michigan Retirement System increased its stake in Celsius shares by 100.0% in the second quarter. The Michigan state pension system now owns 40,000 shares of the company valued at $ 3,044,000 after acquiring an additional 20,000 shares in the last quarter. Institutional investors and hedge funds hold 41.76% of the company’s shares.
Celsius Holdings, Inc is engaged in the development, marketing, sale and distribution of calorie burning beverages. It offers flavors such as grapefruit, lime cucumber, pomegranate orange, pineapple coconut, watermelon berry, strawberries and cream. The company was founded in April 2004 and is headquartered in Boca Raton, Florida.
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