Celsius (CELH) Set to Announce Earnings on Wednesday

by · The Cerbat Gem

Celsius (NASDAQ:CELH – Get Free Report) is set to announce its earnings results before the market opens on Wednesday, November 6th. Analysts expect the company to announce earnings of $0.05 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Celsius (NASDAQ:CELH – Get Free Report) last issued its earnings results on Tuesday, August 6th. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.05. Celsius had a return on equity of 94.75% and a net margin of 19.58%. The business had revenue of $402.00 million during the quarter, compared to analyst estimates of $391.07 million. During the same period in the previous year, the company posted $0.17 EPS. Celsius’s revenue was up 23.4% on a year-over-year basis. On average, analysts expect Celsius to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Celsius Stock Up 0.8 %

NASDAQ:CELH traded up $0.26 during trading hours on Tuesday, reaching $31.33. 3,260,084 shares of the stock were exchanged, compared to its average volume of 5,831,612. Celsius has a twelve month low of $28.20 and a twelve month high of $99.62. The business has a 50-day moving average of $32.81 and a two-hundred day moving average of $52.06. The company has a market capitalization of $7.30 billion, a price-to-earnings ratio of 30.76, a PEG ratio of 2.45 and a beta of 1.86.

Insider Buying and Selling at Celsius

In other Celsius news, CEO John Fieldly sold 74,847 shares of the stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $32.80, for a total value of $2,454,981.60. Following the completion of the sale, the chief executive officer now owns 1,812,490 shares in the company, valued at $59,449,672. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 2.20% of the company’s stock.

Wall Street Analyst Weigh In

CELH has been the subject of several recent research reports. Jefferies Financial Group reduced their target price on shares of Celsius from $53.00 to $48.00 and set a “buy” rating for the company in a report on Thursday, October 10th. B. Riley cut their target price on Celsius from $50.00 to $47.00 and set a “buy” rating on the stock in a research note on Monday. Maxim Group cut their target price on Celsius from $65.00 to $50.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. Morgan Stanley reissued an “equal weight” rating and set a $50.00 price objective on shares of Celsius in a research note on Tuesday, August 20th. Finally, LADENBURG THALM/SH SH cut their target price on Celsius from $72.00 to $68.00 and set a “neutral” rating on the stock in a research note on Monday, October 21st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $56.27.

Check Out Our Latest Report on Celsius

About Celsius

(Get Free Report)

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.

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