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

Celsius (NASDAQ:CELH - Get Free Report) posted its quarterly earnings data on Thursday. The company reported $0.14 earnings per share for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $326.07 million.

Celsius Stock Performance

CELH stock traded up $7.09 during midday trading on Friday, reaching $32.62. The company's stock had a trading volume of 62,307,510 shares, compared to its average volume of 9,298,918. The stock has a fifty day simple moving average of $26.00 and a two-hundred day simple moving average of $30.43. Celsius has a 1 year low of $21.10 and a 1 year high of $99.62. The firm has a market capitalization of $7.67 billion, a price-to-earnings ratio of 74.14, a PEG ratio of 2.90 and a beta of 1.78.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

CELH has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on Celsius in a research report on Thursday, December 12th. They set a "hold" rating and a $32.00 price objective on the stock. Stifel Nicolaus lowered their price objective on Celsius from $45.00 to $37.00 and set a "buy" rating on the stock in a research report on Monday, February 10th. Jefferies Financial Group lowered their price target on Celsius from $44.00 to $40.00 and set a "buy" rating on the stock in a report on Thursday, December 19th. Morgan Stanley reissued an "equal weight" rating and issued a $42.00 price target on shares of Celsius in a report on Thursday, December 26th. Finally, B. Riley reissued a "buy" rating and issued a $49.00 price target (up from $44.00) on shares of Celsius in a report on Friday. One analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, Celsius has a consensus rating of "Moderate Buy" and a consensus price target of $47.67.

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.