Celsius Holdings, Inc. (NASDAQ:CELH – Free Report) – Equities researchers at Wedbush cut their Q4 2023 earnings estimates for Celsius in a research note issued to investors on Wednesday, November 15th. Wedbush analyst G. Pascarelli now expects that the company will post earnings of $0.17 per share for the quarter, down from their prior estimate of $0.17. Wedbush has a “Outperform” rating on the stock. The consensus estimate for Celsius’ current full-year earnings is $0.73 per share. Wedbush also issued estimates for Celsius’ Q1 2024 earnings at $0.23 EPS, Q3 2024 earnings at $0.29 EPS, FY2024 earnings at $0.99 EPS and Q3 2025 earnings at $0.37 EPS.
Celsius (NASDAQ:CELH – Get Free Report) last issued its earnings results on Tuesday, November 7th. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.13. The business had revenue of $384.80 million for the quarter, compared to the consensus estimate of $351.54 million. Celsius had a net margin of 13.54% and a return on equity of 160.56%. The firm’s revenue for the quarter was up 104.5% on a year-over-year basis. During the same period in the previous year, the company earned ($0.24) earnings per share.
Celsius Trading Up 8.4 %
Shares of CELH opened at $54.18 on Monday. The company has a market cap of $4.18 billion, a price-to-earnings ratio of 112.88 and a beta of 1.85. Celsius has a 1-year low of $26.75 and a 1-year high of $68.95. The company’s fifty day simple moving average is $60.74 and its 200 day simple moving average is $54.17.
Insider Buying and Selling
In related news, Director Nicholas Castaldo sold 165,000 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $60.53, for a total transaction of $9,986,900.00. Following the completion of the sale, the director now owns 331,473 shares of the company’s stock, valued at $20,062,955.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.70% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Capital International Investors acquired a new position in shares of Celsius in the first quarter valued at approximately $93,034,000. FMR LLC increased its stake in shares of Celsius by 19.1% in the first quarter. FMR LLC now owns 8,725,350 shares of the company’s stock valued at $810,934,000 after buying an additional 1,401,160 shares during the period. Marshall Wace LLP increased its stake in shares of Celsius by 288.5% in the second quarter. Marshall Wace LLP now owns 1,334,720 shares of the company’s stock valued at $199,127,000 after buying an additional 991,204 shares during the period. Wellington Management Group LLP increased its stake in shares of Celsius by 47.4% in the first quarter. Wellington Management Group LLP now owns 1,682,069 shares of the company’s stock valued at $156,331,000 after buying an additional 540,995 shares during the period. Finally, Alyeska Investment Group L.P. acquired a new position in shares of Celsius in the first quarter valued at approximately $45,022,000. Institutional investors own 60.32% of the company’s stock.
Celsius Company Profile
Celsius Holdings, Inc develops, processes, markets, distributes, and sells functional drinks and liquid supplements in the United States and internationally. The company offers various carbonated and non-carbonated functional energy drinks under the CELSIUS Originals name; dietary supplement in carbonated flavors, including apple jack'd, orangesicle, inferno punch, cherry lime, blueberry pomegranate, strawberry dragon fruit, tangerine grapefruit, and jackfruit under the CELSIUS HEAT name; and branched-chain amino acids functional energy drink that fuels muscle recovery under the CELSIUS BCCA+ENERGY name.
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