Celsius Holdings Inc. (NASDAQ:CELH) – Analysts at B. Riley raised their FY2019 earnings estimates for Celsius Holdings in a report released on Thursday. B. Riley analyst J. Van. Sinderen now anticipates that the company will earn $0.06 per share for the year, up from their prior forecast of $0.05. B. Riley currently has a “Buy” rating and a $7.00 target price on the stock. B. Riley also issued estimates for Celsius Holdings’ FY2020 earnings at $0.16 EPS.
Several other brokerages have also recently weighed in on CELH. TheStreet raised shares of Celsius Holdings from a “d” rating to a “c” rating in a research report on Monday, August 28th. Zacks Investment Research raised shares of Celsius Holdings from a “hold” rating to a “buy” rating and set a $6.25 price target for the company in a research report on Thursday.
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Shares of Celsius Holdings (CELH) opened at $5.41 on Friday. Celsius Holdings has a 52-week low of $2.05 and a 52-week high of $7.00. The company has a debt-to-equity ratio of 0.16, a quick ratio of 6.81 and a current ratio of 3.79.
Celsius Holdings (NASDAQ:CELH) last announced its quarterly earnings results on Wednesday, November 8th. The company reported ($0.04) earnings per share for the quarter. Celsius Holdings had a negative return on equity of 18.23% and a negative net margin of 10.37%. The business had revenue of $10.79 million during the quarter.
A hedge fund recently bought a new stake in Celsius Holdings stock. Arcus Capital Partners LLC purchased a new stake in shares of Celsius Holdings Inc. (NASDAQ:CELH) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 559,201 shares of the company’s stock, valued at approximately $2,377,000. Celsius Holdings makes up 1.5% of Arcus Capital Partners LLC’s investment portfolio, making the stock its 9th biggest holding. Arcus Capital Partners LLC owned about 1.23% of Celsius Holdings at the end of the most recent reporting period. 2.31% of the stock is owned by institutional investors.
About Celsius Holdings
Celsius Holdings, Inc is engaged in the development, marketing, sale and distribution of functional calorie-burning fitness beverages under the Celsius brand name. The Company’s product range includes Sparkling Grape Rush, Sparkling Watermelon, Sparkling Orange, Sparkling Wild Berry, Sparkling Cola, Raspberry Acai Green Tea, Peach Mango Green Tea, Flo Fusion Orange and Flo Fusion Berry.
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