Celestica (NYSE:CLS) Releases FY25 Earnings Guidance

Celestica (NYSE:CLS) (TSE:CLS) updated its FY25 earnings guidance on Wednesday. The company provided earnings per share guidance of $4.42 for the period, compared to the consensus earnings per share estimate of $4.07. The company issued revenue guidance of $10.40 billion, compared to the consensus revenue estimate of $10.41 billion. Celestica also updated its FY 2024 guidance to 3.850-3.850 EPS.

Celestica Stock Performance

Shares of NYSE:CLS traded up $8.63 during midday trading on Thursday, reaching $66.10. 5,932,888 shares of the company traded hands, compared to its average volume of 2,256,275. Celestica has a 12 month low of $20.87 and a 12 month high of $68.44. The firm’s fifty day moving average price is $51.89 and its two-hundred day moving average price is $52.02. The company has a quick ratio of 0.86, a current ratio of 1.47 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $7.85 billion, a price-to-earnings ratio of 24.89 and a beta of 2.28.

Celestica (NYSE:CLS) (TSE:CLS) last announced 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. The firm had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.41 billion. Celestica had a net margin of 4.16% and a return on equity of 19.96%. The company’s revenue for the quarter was up 24.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.65 earnings per share. On average, equities analysts expect that Celestica will post 3.22 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on CLS shares. Canaccord Genuity Group upped their price target on shares of Celestica from $53.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, July 26th. StockNews.com cut Celestica from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. TD Cowen lifted their price target on Celestica from $68.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday. Royal Bank of Canada upped their price objective on shares of Celestica from $65.00 to $75.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, TD Securities lifted their target price on shares of Celestica from $68.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.