Celsius (NASDAQ:CELH) Announces Quarterly Earnings Results, Beats Expectations By $0.14 EPS

Celsius (NASDAQ:CELH) announced its quarterly earnings data on Thursday. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.14, Zacks reports. The firm had revenue of $725.11 million during the quarter, compared to analyst estimates of $703.68 million. Celsius had a return on equity of 36.88% and a net margin of 7.91%.The firm’s revenue was up 172.9% compared to the same quarter last year.

Celsius Price Performance

NASDAQ CELH traded down $3.54 on Friday, reaching $41.52. The company’s stock had a trading volume of 23,647,743 shares, compared to its average volume of 7,628,433. Celsius has a 52 week low of $21.10 and a 52 week high of $66.74. The company has a current ratio of 2.11, a quick ratio of 1.76 and a debt-to-equity ratio of 0.68. The firm has a market cap of $10.71 billion, a PE ratio of 112.22, a price-to-earnings-growth ratio of 1.25 and a beta of 1.34. The business has a 50-day moving average price of $58.50 and a 200 day moving average price of $49.30.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on CELH shares. B. Riley lifted their price target on shares of Celsius from $56.00 to $75.00 and gave the company a “buy” rating in a research report on Tuesday, September 2nd. Zacks Research lowered shares of Celsius from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Maxim Group raised their price target on Celsius from $50.00 to $65.00 and gave the company a “buy” rating in a research report on Friday, August 8th. Citigroup dropped their price objective on Celsius from $73.00 to $65.00 and set a “buy” rating on the stock in a research note on Friday. Finally, UBS Group decreased their target price on Celsius from $73.00 to $65.00 and set a “buy” rating for the company in a research note on Friday. Twenty investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $62.95.

Insider Transactions at Celsius

In related news, major shareholder William H. Milmoe sold 40,000 shares of the stock in a transaction dated Friday, October 10th. The shares were sold at an average price of $62.50, for a total transaction of $2,500,000.00. Following the completion of the sale, the insider owned 221,245 shares in the company, valued at $13,827,812.50. This trade represents a 15.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Paul H. Storey sold 7,500 shares of the business’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $60.93, for a total transaction of $456,975.00. Following the completion of the transaction, the insider owned 37,550 shares in the company, valued at approximately $2,287,921.50. This trade represents a 16.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 57,500 shares of company stock valued at $3,581,975. Corporate insiders own 2.55% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CELH. Scopus Asset Management L.P. bought a new position in Celsius during the 2nd quarter worth approximately $59,382,000. Ameriprise Financial Inc. increased its stake in Celsius by 20.9% in the second quarter. Ameriprise Financial Inc. now owns 2,470,088 shares of the company’s stock valued at $114,587,000 after purchasing an additional 426,623 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its holdings in Celsius by 6,299.3% in the second quarter. BI Asset Management Fondsmaeglerselskab A S now owns 159,343 shares of the company’s stock worth $7,392,000 after purchasing an additional 156,853 shares during the period. First Trust Advisors LP boosted its position in shares of Celsius by 382.2% during the second quarter. First Trust Advisors LP now owns 163,622 shares of the company’s stock worth $7,590,000 after purchasing an additional 129,690 shares in the last quarter. Finally, Royal Bank of Canada grew its holdings in shares of Celsius by 79.2% in the 1st quarter. Royal Bank of Canada now owns 257,666 shares of the company’s stock valued at $9,179,000 after buying an additional 113,840 shares during the period. Institutional investors and hedge funds own 60.95% of the company’s stock.

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.