Celsius (CELH) Posts Earnings Results

Celsius (NASDAQ:CELH) announced its quarterly earnings results on Thursday, May 9th. The company reported ($0.01) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.02, Morningstar.com reports. Celsius had a negative return on equity of 59.91% and a net margin of 5.97%. The company had revenue of $14.49 million during the quarter, compared to analysts’ expectations of $14.26 million.

CELH stock traded down $0.13 during mid-day trading on Friday, hitting $4.32. 79,717 shares of the stock were exchanged, compared to its average volume of 75,883. The company has a quick ratio of 2.07, a current ratio of 3.53 and a debt-to-equity ratio of 0.37. Celsius has a 12 month low of $3.05 and a 12 month high of $5.07. The firm has a market cap of $247.57 million, a P/E ratio of -18.78 and a beta of 0.82.

Hedge funds have recently modified their holdings of the business. US Bancorp DE lifted its stake in Celsius by 264.0% during the first quarter. US Bancorp DE now owns 10,000 shares of the company’s stock worth $42,000 after purchasing an additional 7,253 shares during the last quarter. Jane Street Group LLC bought a new stake in Celsius during the first quarter worth about $55,000. Renaissance Technologies LLC bought a new stake in Celsius during the first quarter worth about $61,000. Virtu Financial LLC bought a new stake in Celsius during the first quarter worth about $70,000. Finally, SG Americas Securities LLC bought a new stake in Celsius during the first quarter worth about $71,000. 47.57% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts recently commented on CELH shares. Maxim Group restated a “buy” rating and set a $8.00 target price on shares of Celsius in a research report on Thursday, March 14th. Zacks Investment Research upgraded Celsius from a “hold” rating to a “buy” rating and set a $4.75 target price for the company in a research report on Tuesday, February 5th.

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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.

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Earnings History for Celsius (NASDAQ:CELH)

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