Celsius (NASDAQ:CELH) Issues Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Celsius (NASDAQ:CELH) announced its earnings results on Thursday. The company reported $0.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.05, Fidelity Earnings reports. Celsius had a negative return on equity of 39.40% and a net margin of 8.41%. The business had revenue of $20.42 million for the quarter, compared to analysts’ expectations of $18.29 million.

Shares of Celsius stock traded down $0.03 on Friday, reaching $3.95. 267,300 shares of the company’s stock were exchanged, compared to its average volume of 120,171. The company has a market capitalization of $205.24 million, a P/E ratio of -17.17 and a beta of 0.90. The firm’s 50-day moving average is $3.39 and its two-hundred day moving average is $3.98. Celsius has a 52 week low of $3.06 and a 52 week high of $5.37. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.35 and a current ratio of 3.48.

Several analysts recently commented on the company. ValuEngine cut Celsius from a “buy” rating to a “hold” rating in a report on Friday, November 1st. Maxim Group set a $8.00 price target on Celsius and gave the stock a “buy” rating in a report on Wednesday, September 18th. Zacks Investment Research upgraded Celsius from a “sell” rating to a “hold” rating in a report on Friday. Finally, B. Riley set a $10.00 price target on Celsius and gave the stock a “buy” rating in a report on Friday, September 13th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $7.75.

In other Celsius news, major shareholder Carl Desantis bought 500,000 shares of the firm’s stock in a transaction dated Thursday, September 12th. The stock was purchased at an average cost of $3.60 per share, with a total value of $1,800,000.00. Also, Director William H. Milmoe bought 555,555 shares of the firm’s stock in a transaction dated Thursday, September 12th. The shares were acquired at an average cost of $3.60 per share, with a total value of $1,999,998.00. Corporate insiders own 38.30% of the company’s stock.

Celsius Company Profile

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

Further Reading: Net Income

Earnings History for Celsius (NASDAQ:CELH)

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