Celsius Holdings, Inc. (NASDAQ:CELH) Expected to Report Quarterly Sales of $112.22 Million
Stock analysts expect Celsius Holdings, Inc. (NASDAQ:CELH – Get Rating) to post sales of $112.22 million for the current fiscal quarter, reports Zacks Investment Research. Four analysts have made earnings estimates for Celsius, with the lowest sales estimate of $88.80 million and the highest estimate of $132.04 million. Celsius recorded sales of $50.04 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 124.3%. The company is expected to release its next results on Thursday, May 12.
According to Zacks, analysts expect Celsius to record annual sales of $537.84 million for the current year, with estimates ranging from $483.53 million to $592.70 million. For the next fiscal year, analysts expect the company to record sales of $782.24 million, with estimates ranging from $648.14 million to $900.40 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts who cover Celsius.
Celsius (NASDAQ:CELH – Get Rating) last released its results on Tuesday, March 1. The company reported earnings per share of $0.15 for the quarter, beating Thomson Reuters consensus estimate of $0.04 by $0.11. The company posted revenue of $104.30 million for the quarter, versus analyst estimates of $92.09 million. Celsius had a net margin of 6.12% and a return on equity of 10.83%. The company’s revenue for the quarter increased by 192.2% compared to the same quarter last year. During the same period last year, the company posted earnings per share of $0.02.
Several equity research analysts weighed in on the stock. Roth Capital raised its price target on Celsius shares from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, November 12. Zacks Investment Research downgraded Celsius shares from a “strong buy” rating to a “hold” rating in a Friday, November 12 research report. UBS Group began covering Celsius shares in a research report on Thursday, December 2. They set a “buy” rating for the company. Credit Suisse Group lowered its price target on Celsius shares from $103.00 to $50.00 in a research report Wednesday, January 26. Finally, B. Riley raised his price target on Celsius shares from $100.00 to $115.00 and gave the stock a “buy” rating in a Tuesday, November 9 research report. Two research analysts gave the stock a hold rating and six gave the stock a buy rating. Based on data from MarketBeat, Celsius has an average rating of “Buy” and a consensus target price of $99.83.
In related news, CEO John Fieldly sold 20,000 shares of the company in a trade on Monday, December 27. The shares were sold at an average price of $75.00, for a total value of $1,500,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, accessible via the SEC’s website. 13.19% of the shares are currently held by insiders of the company.
Several institutional investors and hedge funds have recently changed their positions in the company. Walleye Capital LLC increased its position in Celsius shares by 71.4% in Q4. Walleye Capital LLC now owns 25,606 shares of the company valued at $1,909,000 after acquiring an additional 10,671 shares during the period. BlackRock Inc. increased its position in Celsius shares by 2.3% in the fourth quarter. BlackRock Inc. now owns 6,376,386 shares of the company valued at $475,487,000 after acquiring an additional 146,281 shares during the period. William Blair Investment Management LLC increased its position in Celsius shares by 10.9% in the fourth quarter. William Blair Investment Management LLC now owns 1,767,827 shares of the company valued at $131,827,000 after acquiring an additional 173,585 shares during the period. Weiss Multi Strategy Advisers LLC bought a new stock position in Celsius in Q4, valued at around $4,630,000. Finally, Future Fund LLC bought a new position in Celsius stock in Q4, valued at around $517,000. 45.59% of the shares are held by institutional investors.
CELH opened at $54.87 on Monday. The stock has a fifty-day moving average price of $55.93. The company has a market capitalization of $4.11 billion, a price-earnings ratio of 228.63 and a beta of 2.06. Celsius has a 12-month low of $39.45 and a 12-month high of $110.22.
About Celsius (Get a rating)
Celsius Holdings, Inc. engages in the development, marketing, sale and distribution of calorie-burning beverages. It offers flavors such as grapefruit, cucumber lime, orange pomegranate, pineapple coconut, watermelon berry, strawberries and cream. The company was founded in April 2004 and is based in Boca Raton, Florida.
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