Celsius (CELH) Expected to Announce Earnings on Thursday

Celsius (NASDAQ:CELH - Get Free Report) is expected to be posting its quarterly earnings results before the market opens on Thursday, March 6th. Analysts expect Celsius to post earnings of $0.12 per share and revenue of $330.84 million for the quarter. Persons interested in participating in the company's earnings conference call can do so using this link.

Celsius (NASDAQ:CELH - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.14 EPS for the quarter, topping analysts' consensus estimates of $0.11 by $0.03. The firm had revenue of $332.20 million during the quarter, compared to analyst estimates of $326.07 million. Celsius had a net margin of 10.70% and a return on equity of 51.89%. On average, analysts expect Celsius to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Celsius Stock Performance

Shares of CELH stock traded down $0.45 on Wednesday, reaching $25.46. The stock had a trading volume of 4,702,034 shares, compared to its average volume of 7,062,456. Celsius has a 1 year low of $21.10 and a 1 year high of $99.62. The stock has a market cap of $5.98 billion, a P/E ratio of 57.94, a price-to-earnings-growth ratio of 2.90 and a beta of 1.78. The company has a 50 day simple moving average of $25.86 and a 200 day simple moving average of $29.62.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. JPMorgan Chase & Co. started coverage on Celsius in a research report on Thursday, December 12th. They set an "overweight" rating and a $37.00 price objective on the stock. Piper Sandler lowered their target price on Celsius from $47.00 to $33.00 and set an "overweight" rating for the company in a research report on Thursday, January 23rd. TD Cowen lowered Celsius from a "buy" rating to a "hold" rating and dropped their price target for the stock from $40.00 to $29.00 in a research report on Wednesday, January 22nd. Roth Mkm restated a "buy" rating and set a $38.00 price objective on shares of Celsius in a research report on Friday, February 21st. Finally, Morgan Stanley reissued an "equal weight" rating and set a $42.00 target price on shares of Celsius in a research report on Thursday, December 26th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, Celsius presently has a consensus rating of "Moderate Buy" and a consensus target price of $47.78.

Insider Transactions at Celsius

In other news, major shareholder William H. Milmoe sold 65,000 shares of Celsius 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 transaction, the insider now directly owns 261,245 shares of the company's stock, valued at $8,137,781.75. The trade was a 19.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 2.20% of the company's stock.

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.