Celsius (CELH) to Release Quarterly Earnings on Tuesday

Celsius (NASDAQ:CELH) is scheduled to release its earnings data before the market opens on Tuesday, May 7th. Analysts expect Celsius to post earnings of $0.20 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Celsius (NASDAQ:CELH) last announced its quarterly earnings results on Thursday, February 29th. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. Celsius had a net margin of 17.21% and a return on equity of 131.58%. The company had revenue of $347.44 million for the quarter, compared to analysts’ expectations of $326.77 million. During the same period in the prior year, the company posted $0.01 EPS. Celsius’s revenue was up 95.2% compared to the same quarter last year. On average, analysts expect Celsius to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Celsius Trading Up 1.1 %

Celsius stock opened at $76.79 on Monday. The firm has a market capitalization of $17.74 billion, a price-to-earnings ratio of 99.57, a P/E/G ratio of 2.22 and a beta of 1.93. The firm has a 50 day simple moving average of $80.79 and a 200 day simple moving average of $65.58. Celsius has a 1-year low of $34.34 and a 1-year high of $99.62.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Stifel Nicolaus decreased their price objective on Celsius from $95.00 to $85.00 and set a “buy” rating on the stock in a research note on Thursday. Roth Mkm upped their price target on Celsius from $90.00 to $105.00 and gave the company a “buy” rating in a research report on Thursday, March 14th. Jefferies Financial Group raised their price objective on shares of Celsius from $98.00 to $105.00 and gave the company a “buy” rating in a research report on Monday, March 18th. Stifel Europe upped their target price on shares of Celsius from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $75.00 price target on shares of Celsius in a report on Wednesday, March 27th. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, Celsius currently has an average rating of “Moderate Buy” and a consensus target price of $85.45.

Insider Buying and Selling at Celsius

In other news, major shareholder William H. Milmoe sold 428,568 shares of the company’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $59.67, for a total value of $25,572,652.56. Following the completion of the transaction, the insider now directly owns 25,464,453 shares in the company, valued at approximately $1,519,463,910.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Celsius news, major shareholder Dean Desantis sold 100,000 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $95.75, for a total value of $9,575,000.00. Following the transaction, the insider now owns 219,257 shares in the company, valued at $20,993,857.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder William H. Milmoe sold 428,568 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $59.67, for a total transaction of $25,572,652.56. Following the transaction, the insider now directly owns 25,464,453 shares of the company’s stock, valued at $1,519,463,910.51. The disclosure for this sale can be found here. Insiders have sold 1,186,215 shares of company stock worth $80,215,119 over the last 90 days. Corporate insiders own 2.20% 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.