Celsius (CELH) Issues Earnings Results, Misses Expectations By $0.03 EPS
Celsius (NASDAQ:CELH) announced its quarterly earnings data on Thursday. The company reported ($0.07) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.03), Bloomberg Earnings reports. The firm had revenue of $9.30 million during the quarter, compared to analyst estimates of $11.78 million. Celsius had a negative net margin of 21.87% and a negative return on equity of 21.26%.
Celsius stock traded down $0.25 during mid-day trading on Friday, reaching $4.24. The company had a trading volume of 462,039 shares, compared to its average volume of 60,108. Celsius has a 1 year low of $3.05 and a 1 year high of $7.00. The company has a current ratio of 2.78, a quick ratio of 2.14 and a debt-to-equity ratio of 0.23. The stock has a market cap of $220.15 million, a PE ratio of -424.00 and a beta of -0.42.
A number of equities research analysts recently commented on the stock. BidaskClub downgraded shares of Celsius from a “hold” rating to a “sell” rating in a research report on Wednesday, May 16th. Maxim Group restated a “buy” rating and issued a $8.00 price objective on shares of Celsius in a research report on Friday. Zacks Investment Research downgraded shares of Celsius from a “hold” rating to a “strong sell” rating in a research report on Thursday. Finally, B. Riley reduced their price objective on shares of Celsius from $8.00 to $7.00 and set a “buy” rating for the company in a research report on Tuesday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $7.00.
Celsius Holdings, Inc develops, markets, sells, and distributes functional calorie-burning fitness beverages in the United States and internationally. The company offers its beverages in various flavors, including orange, wild berry, cola, grape, watermelon, grapefruit, cucumber lime, and orange pomegranate; and non-carbonated green tea raspberry/acai, green tea/peach mango, pineapple coconut, watermelon berry, and strawberries and cream.
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