Celsius (CELH) Posts Earnings Results, Meets Estimates

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Celsius (NASDAQ:CELH) announced its quarterly earnings data on Thursday. The company reported ($0.02) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.02), Fidelity Earnings reports. Celsius had a negative net margin of 33.17% and a negative return on equity of 75.43%.

Shares of CELH stock opened at $3.78 on Friday. Celsius has a 52-week low of $3.05 and a 52-week high of $5.63. The firm has a market capitalization of $198.66 million, a PE ratio of -378.00 and a beta of 0.84. The company has a quick ratio of 1.46, a current ratio of 1.92 and a debt-to-equity ratio of 0.34.

Hedge funds have recently made changes to their positions in the company. Rhumbline Advisers grew its holdings in shares of Celsius by 51.2% in the 4th quarter. Rhumbline Advisers now owns 27,300 shares of the company’s stock worth $95,000 after purchasing an additional 9,240 shares during the last quarter. GYL Financial Synergies LLC bought a new stake in shares of Celsius in the 4th quarter worth about $347,000. Geode Capital Management LLC grew its holdings in shares of Celsius by 6.4% in the 4th quarter. Geode Capital Management LLC now owns 175,212 shares of the company’s stock worth $607,000 after purchasing an additional 10,525 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Celsius by 842.1% in the 2nd quarter. Northern Trust Corp now owns 233,187 shares of the company’s stock worth $1,073,000 after purchasing an additional 208,434 shares during the last quarter. Finally, Vanguard Group Inc grew its holdings in shares of Celsius by 19.5% in the 3rd quarter. Vanguard Group Inc now owns 700,390 shares of the company’s stock worth $2,822,000 after purchasing an additional 114,425 shares during the last quarter. Institutional investors own 21.52% of the company’s stock.

CELH has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of Celsius from a “strong sell” rating to a “hold” rating in a research note on Friday, January 11th. Maxim Group restated a “buy” rating and issued a $8.00 price objective on shares of Celsius in a research note on Thursday. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Celsius has an average rating of “Buy” and a consensus target price of $6.58.

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About Celsius

Celsius Holdings, Inc engages in the development, marketing, sale, and distribution of calorie-burning beverages. It offers flavors including grapefruit, cucumber lime, orange pomegranate, pineapple coconut, watermelon berry, and strawberries and cream. The company was founded in April 2004 and is headquartered in Boca Raton, FL.

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Earnings History for Celsius (NASDAQ:CELH)

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