Celsius (NASDAQ:CELH) Posts Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Celsius (NASDAQ:CELH) issued its quarterly earnings results on Thursday. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.05, Fidelity Earnings reports. The business had revenue of $20.42 million during the quarter, compared to analysts’ expectations of $18.29 million. Celsius had a negative return on equity of 39.40% and a net margin of 8.41%.

Shares of CELH stock traded down $0.03 during trading on Friday, hitting $3.95. The company had a trading volume of 267,300 shares, compared to its average volume of 120,171. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.35 and a current ratio of 3.48. The stock’s 50-day moving average price is $3.39 and its 200 day moving average price is $3.98. Celsius has a one year low of $3.06 and a one year high of $5.37. The firm has a market capitalization of $205.24 million, a P/E ratio of -17.17 and a beta of 0.90.

In other Celsius news, Director William H. Milmoe purchased 555,555 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was purchased at an average cost of $3.60 per share, for a total transaction of $1,999,998.00. Also, major shareholder Carl Desantis purchased 500,000 shares of the firm’s stock in a transaction on Thursday, September 12th. The shares were acquired at an average price of $3.60 per share, with a total value of $1,800,000.00. Company insiders own 38.30% of the company’s stock.

Several equities research analysts recently issued reports on the company. Maxim Group set a $8.00 price target on Celsius and gave the company a “buy” rating in a research note on Wednesday, September 18th. Zacks Investment Research upgraded Celsius from a “sell” rating to a “hold” rating in a research note on Friday. B. Riley set a $10.00 price target on Celsius and gave the company a “buy” rating in a research note on Friday, September 13th. Finally, ValuEngine cut Celsius from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $7.75.

Celsius Company Profile

Celsius Holdings, Inc develops, markets, distributes, and sells functional calorie-burning fitness beverages in the United States and internationally. The company offers its beverages in various flavors, including carbonated orange, wild berry, cola, grape, kiwi-guava, and watermelon; and non-carbonated green tea raspberry/acai, green tea/peach mango, pineapple coconut, watermelon berry, and strawberries and cream, as well as sparkling grapefruit, cucumber lime, and orange pomegranate under the Celsius name.

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Earnings History for Celsius (NASDAQ:CELH)

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