What is Roth Capital's Forecast for Celsius FY2024 Earnings?

Celsius Holdings, Inc. (NASDAQ:CELH - Free Report) - Stock analysts at Roth Capital reduced their FY2024 earnings per share (EPS) estimates for Celsius in a research report issued on Monday, December 16th. Roth Capital analyst S. Mcgowan now forecasts that the company will earn $0.67 per share for the year, down from their previous forecast of $0.71. The consensus estimate for Celsius' current full-year earnings is $0.69 per share. Roth Capital also issued estimates for Celsius' Q4 2024 earnings at $0.12 EPS, Q4 2025 earnings at $0.21 EPS, FY2025 earnings at $0.87 EPS and FY2026 earnings at $1.06 EPS.

CELH has been the topic of several other reports. UBS Group reduced their price target on Celsius from $50.00 to $45.00 and set a "buy" rating on the stock in a report on Thursday, November 7th. JPMorgan Chase & Co. began coverage on shares of Celsius in a research report on Thursday, December 12th. They issued an "overweight" rating and a $37.00 price target for the company. LADENBURG THALM/SH SH cut their price target on shares of Celsius from $72.00 to $68.00 and set a "neutral" rating on the stock in a report on Monday, October 21st. Needham & Company LLC began coverage on shares of Celsius in a research note on Friday, December 6th. They issued a "buy" rating and a $38.00 price objective on the stock. Finally, Jefferies Financial Group reduced their target price on Celsius from $53.00 to $48.00 and set a "buy" rating on the stock in a report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Celsius currently has a consensus rating of "Moderate Buy" and an average price target of $51.17.

Celsius Trading Down 5.5 %

CELH traded down $1.70 on Tuesday, reaching $29.24. The stock had a trading volume of 8,225,190 shares, compared to its average volume of 6,203,415. The company has a market capitalization of $6.87 billion, a price-to-earnings ratio of 42.97, a price-to-earnings-growth ratio of 3.44 and a beta of 1.76. Celsius has a fifty-two week low of $25.23 and a fifty-two week high of $99.62. The firm has a 50-day moving average of $30.09 and a 200-day moving average of $40.83.

Insider Buying and Selling at Celsius

In other news, major shareholder William H. Milmoe sold 65,000 shares of the firm's stock in a transaction that occurred 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 transaction, 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 Securities & Exchange Commission, which is available through this hyperlink. 2.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Celsius

Several large investors have recently bought and sold shares of the stock. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Celsius during the third quarter valued at about $34,000. Signaturefd LLC lifted its position in shares of Celsius by 48.3% during the 3rd quarter. Signaturefd LLC now owns 1,160 shares of the company's stock worth $36,000 after buying an additional 378 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Celsius by 353.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 648 shares of the company's stock worth $37,000 after buying an additional 505 shares during the last quarter. Newbridge Financial Services Group Inc. increased its position in shares of Celsius by 3,150.0% during the second quarter. Newbridge Financial Services Group Inc. now owns 650 shares of the company's stock valued at $37,000 after acquiring an additional 630 shares during the last quarter. Finally, Activest Wealth Management purchased a new stake in shares of Celsius during the third quarter valued at approximately $39,000. 60.95% of the stock is currently owned by institutional investors.

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.