Celsius (NASDAQ:CELH) Issues Quarterly Earnings Results, Beats Estimates By $0.07 EPS

Celsius (NASDAQ:CELH) posted its earnings results on Tuesday. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.07, Briefing.com reports. Celsius had a return on equity of 131.58% and a net margin of 17.21%. The company had revenue of $355.70 million during the quarter, compared to analysts’ expectations of $390.37 million. During the same quarter last year, the firm earned $0.13 earnings per share. The firm’s quarterly revenue was up 36.9% compared to the same quarter last year.

Celsius Stock Performance

NASDAQ:CELH opened at $77.13 on Thursday. Celsius has a 1 year low of $34.74 and a 1 year high of $99.62. The stock has a market cap of $17.82 billion, a P/E ratio of 100.17, a P/E/G ratio of 2.22 and a beta of 1.93. The stock has a 50-day simple moving average of $81.42 and a 200-day simple moving average of $65.97.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on CELH shares. Stifel Europe raised their price objective on Celsius from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Wedbush reiterated an “outperform” rating and set a $100.00 price target on shares of Celsius in a research report on Friday, May 3rd. UBS Group decreased their price objective on shares of Celsius from $99.00 to $92.00 and set a “buy” rating on the stock in a report on Wednesday. Roth Mkm lifted their target price on shares of Celsius from $90.00 to $105.00 and gave the company a “buy” rating in a report on Thursday, March 14th. Finally, Maxim Group upped their price target on Celsius from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $84.95.

Insider Buying and Selling

In related news, major shareholder William H. Milmoe sold 428,574 shares of the stock in a transaction on Monday, May 6th. The shares were sold at an average price of $59.67, for a total value of $25,573,010.58. Following the transaction, the insider now directly owns 23,750,163 shares of the company’s stock, valued at approximately $1,417,172,226.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, major shareholder William H. Milmoe sold 428,574 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $59.67, for a total transaction of $25,573,010.58. Following the transaction, the insider now owns 23,750,163 shares in the company, valued at approximately $1,417,172,226.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Jarrod Langhans sold 4,079 shares of Celsius stock in a transaction that occurred on Friday, April 19th. The stock was sold at an average price of $69.42, for a total value of $283,164.18. Following the transaction, the chief financial officer now directly owns 83,670 shares in the company, valued at approximately $5,808,371.40. The disclosure for this sale can be found here. Insiders sold a total of 2,043,363 shares of company stock worth $131,361,140 over the last 90 days. 2.20% of the stock is owned by insiders.

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.