Celestica (NYSE:CLS) Releases FY 2025 Earnings Guidance

Celestica (NYSE:CLS) (TSE:CLS) updated its FY 2025 earnings guidance on Wednesday. The company provided EPS guidance of 4.420-4.420 for the period, compared to the consensus EPS estimate of 4.070. The company issued revenue guidance of $10.4 billion-$10.4 billion, compared to the consensus revenue estimate of $10.4 billion. Celestica also updated its FY 2024 guidance to 3.850-3.850 EPS.

Celestica Trading Up 17.5 %

CLS stock traded up $10.03 on Thursday, reaching $67.50. The company’s stock had a trading volume of 6,438,095 shares, compared to its average volume of 2,259,531. The firm has a market cap of $8.02 billion, a PE ratio of 24.89 and a beta of 2.28. The business has a fifty day simple moving average of $51.89 and a two-hundred day simple moving average of $52.02. Celestica has a 12-month low of $20.87 and a 12-month high of $68.44. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.86 and a current ratio of 1.47.

Celestica (NYSE:CLS) (TSE:CLS) last released its quarterly earnings results on Wednesday, October 23rd. The technology company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.11. Celestica had a net margin of 4.16% and a return on equity of 19.96%. The company had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.41 billion. During the same period in the prior year, the firm earned $0.65 earnings per share. Celestica’s revenue was up 24.8% on a year-over-year basis. As a group, research analysts forecast that Celestica will post 3.22 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Stifel Nicolaus boosted their price objective on shares of Celestica from $58.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday. BMO Capital Markets boosted their price target on Celestica from $64.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday. CIBC raised their price objective on Celestica from $58.00 to $60.00 and gave the company a “neutral” rating in a research report on Friday, July 26th. Canaccord Genuity Group increased their target price on Celestica from $53.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Finally, Royal Bank of Canada upped their price target on shares of Celestica from $65.00 to $75.00 and gave the stock an “outperform” rating in a research note on Thursday. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $66.67.

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.