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.
TRADEMARK VIOLATION NOTICE: “Celsius (CELH) Posts Earnings Results” was posted by Rockland Register and is the property of of Rockland Register. If you are reading this report on another site, it was stolen and republished in violation of international trademark and copyright legislation. The legal version of this report can be read at https://rocklandregister.com/2019/05/17/celsius-celh-posts-earnings-results.html.
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.
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.