Celestica (NYSE:CLS) Updates Q4 Earnings Guidance

Celestica (NYSE:CLS) (TSE:CLS) issued an update on its fourth quarter earnings guidance on Wednesday morning. The company provided earnings per share guidance of $0.99-$1.09 for the period, compared to the consensus earnings per share estimate of $0.95. The company issued revenue guidance of $2.425-$2.575 billion, compared to the consensus revenue estimate of $2.45 billion. Celestica also updated its FY25 guidance to $4.42 EPS.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. StockNews.com cut Celestica from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. Stifel Nicolaus raised Celestica from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a report on Monday, September 9th. Royal Bank of Canada raised their price objective on shares of Celestica from $53.00 to $63.00 and gave the company an “outperform” rating in a report on Monday, July 22nd. Canaccord Genuity Group boosted their target price on shares of Celestica from $53.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, CIBC raised their price target on shares of Celestica from $58.00 to $60.00 and gave the company a “neutral” rating in a research note on Friday, July 26th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $61.88.

Celestica Trading Up 2.6 %

Shares of CLS traded up $1.47 during trading hours on Wednesday, hitting $57.47. The company had a trading volume of 3,431,298 shares, compared to its average volume of 2,237,761. The firm has a market cap of $6.83 billion, a P/E ratio of 20.89 and a beta of 2.28. Celestica has a 52-week low of $20.87 and a 52-week high of $64.56. The stock’s 50 day moving average price is $51.78 and its 200 day moving average price is $51.99. The company has a quick ratio of 0.86, a current ratio of 1.47 and a debt-to-equity ratio of 0.49.

Celestica (NYSE:CLS) (TSE:CLS) last issued its quarterly earnings results on Wednesday, July 24th. The technology company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.10. The company had revenue of $2.39 billion during the quarter, compared to analysts’ expectations of $2.25 billion. Celestica had a net margin of 4.16% and a return on equity of 19.96%. Celestica’s revenue was up 23.3% on a year-over-year basis. During the same period last year, the company posted $0.55 EPS. On average, research analysts predict that Celestica will post 3.22 EPS for the current year.

About Celestica

Celestica Inc provides supply chain solutions in North America, Europe, and Asia. It operates through two segments: Advanced Technology Solutions, and Connectivity & Cloud Solutions. The company offers a range of product manufacturing and related supply chain services, including design and development, new product introduction, engineering services, component sourcing, electronics manufacturing and assembly, testing, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics, asset management, product licensing, and after-market repair and return services.