Celsius Holdings, Inc. (NASDAQ:CELH) Expected to Post Earnings of $0.06 Per Share

Wall Street brokerages expect Celsius Holdings, Inc. (NASDAQ:CELH) to announce $0.06 earnings per share for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Celsius’ earnings. The highest EPS estimate is $0.07 and the lowest is $0.04. Celsius also posted earnings of $0.06 per share during the same quarter last year. The company is scheduled to report its next quarterly earnings results on Thursday, November 11th.

On average, analysts expect that Celsius will report full year earnings of $0.18 per share for the current year, with EPS estimates ranging from $0.15 to $0.20. For the next financial year, analysts expect that the business will report earnings of $0.38 per share, with EPS estimates ranging from $0.26 to $0.45. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Celsius.

Celsius (NASDAQ:CELH) last posted its quarterly earnings data on Thursday, August 12th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.04. The business had revenue of $65.07 million during the quarter, compared to analyst estimates of $51.67 million. Celsius had a return on equity of 8.78% and a net margin of 5.84%.

Several brokerages recently commented on CELH. Roth Capital boosted their price target on Celsius from $85.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, September 10th. Credit Suisse Group boosted their target price on Celsius from $78.00 to $82.00 and gave the stock an “outperform” rating in a report on Friday, August 13th. Zacks Investment Research raised Celsius from a “hold” rating to a “buy” rating and set a $81.00 price objective on the stock in a research note on Monday, August 16th. Finally, B. Riley raised their price target on shares of Celsius from $92.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, August 13th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $72.00.

NASDAQ CELH traded up $1.71 on Wednesday, hitting $90.71. The stock had a trading volume of 20,506 shares, compared to its average volume of 1,247,933. Celsius has a 52-week low of $18.71 and a 52-week high of $93.49. The stock has a market cap of $6.76 billion, a price-to-earnings ratio of 652.71 and a beta of 2.14. The business’s fifty day moving average price is $73.76 and its 200 day moving average price is $64.12.

A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. boosted its position in Celsius by 98.8% in the 1st quarter. BlackRock Inc. now owns 4,643,064 shares of the company’s stock valued at $223,098,000 after buying an additional 2,307,257 shares during the last quarter. William Blair Investment Management LLC bought a new position in shares of Celsius during the first quarter worth about $76,818,000. Vanguard Group Inc. boosted its holdings in Celsius by 57.2% in the second quarter. Vanguard Group Inc. now owns 3,275,956 shares of the company’s stock worth $249,267,000 after purchasing an additional 1,191,768 shares during the period. Lord Abbett & CO. LLC boosted its stake in Celsius by 123.6% in the second quarter. Lord Abbett & CO. LLC now owns 645,516 shares of the company’s stock valued at $49,117,000 after acquiring an additional 356,817 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC bought a new stake in Celsius in the second quarter valued at $25,911,000. 41.76% of the stock is currently owned by hedge funds and other institutional investors.

About Celsius

Celsius Holdings, Inc engages in the development, marketing, sale, and distribution of calorie-burning beverages. It offers flavors including grapefruit, cucumber lime, orange pomegranate, pineapple coconut, watermelon berry, and strawberries and cream. The company was founded in April 2004 and is headquartered in Boca Raton, FL.

Recommended Story: How to Invest in Stocks with Increasing Dividends

Get a free copy of the Zacks research report on Celsius (CELH)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Celsius Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Celsius and related companies with MarketBeat.com's FREE daily email newsletter.