Celsius (CELH) Announces Quarterly Earnings Results, Misses Estimates By $0.07 EPS

Celsius (NASDAQ:CELH) issued its quarterly earnings results on Thursday. The company reported ($0.08) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.07), Morningstar.com reports. Celsius had a negative return on equity of 47.60% and a negative net margin of 31.73%. The business had revenue of $16.57 million during the quarter, compared to analyst estimates of $11.72 million.

Celsius stock traded down $0.08 during mid-day trading on Friday, hitting $3.92. The company had a trading volume of 76,560 shares, compared to its average volume of 57,580. The company has a current ratio of 3.11, a quick ratio of 2.30 and a debt-to-equity ratio of 0.27. Celsius has a 12-month low of $3.05 and a 12-month high of $6.05. The firm has a market cap of $204.49 million, a PE ratio of -392.00 and a beta of 0.38.

A number of institutional investors have recently added to or reduced their stakes in CELH. Schwab Charles Investment Management Inc. purchased a new stake in Celsius in the 2nd quarter worth approximately $198,000. Bank of New York Mellon Corp boosted its position in Celsius by 353.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 58,940 shares of the company’s stock worth $271,000 after purchasing an additional 45,937 shares in the last quarter. Granite Investment Partners LLC purchased a new stake in Celsius in the 2nd quarter worth approximately $458,000. Anchor Capital Advisors LLC boosted its position in Celsius by 473.0% in the 2nd quarter. Anchor Capital Advisors LLC now owns 200,092 shares of the company’s stock worth $920,000 after purchasing an additional 165,172 shares in the last quarter. Finally, Millennium Management LLC boosted its position in Celsius by 146.6% in the 1st quarter. Millennium Management LLC now owns 214,262 shares of the company’s stock worth $932,000 after purchasing an additional 127,388 shares in the last quarter. Institutional investors and hedge funds own 20.93% of the company’s stock.

Several equities analysts recently weighed in on CELH shares. Zacks Investment Research upgraded shares of Celsius from a “strong sell” rating to a “hold” rating in a report on Monday, October 15th. B. Riley set a $7.00 price target on shares of Celsius and gave the stock a “buy” rating in a report on Tuesday. Finally, Maxim Group restated a “buy” rating and issued a $8.00 price objective on shares of Celsius in a research report on Friday, August 10th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Celsius currently has a consensus rating of “Hold” and an average price target of $7.00.

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Celsius Company Profile

Celsius Holdings, Inc develops, markets, sells, and distributes functional calorie-burning fitness beverages in the United States and internationally. The company offers its beverages in various flavors, including orange, wild berry, cola, grape, watermelon, grapefruit, cucumber lime, and orange pomegranate; and non-carbonated green tea raspberry/acai, green tea/peach mango, pineapple coconut, watermelon berry, and strawberries and cream.

See Also: Earnings Per Share

Earnings History for Celsius (NASDAQ:CELH)

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