Celestica (CLS) to Release Quarterly Earnings on Wednesday

Celestica (NYSE:CLS) (TSE:CLS) is set to issue its quarterly earnings data after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of $0.64 per share for the quarter. Celestica has set its Q1 2024 guidance at 0.670-0.770 EPS and its Q1 guidance at $0.67-0.77 EPS.Parties interested in listening to the company’s conference call can do so using this link.

Celestica (NYSE:CLS) (TSE:CLS) last announced its earnings results on Monday, January 29th. The technology company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.08. The firm had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $2.08 billion. Celestica had a return on equity of 17.09% and a net margin of 3.07%. On average, analysts expect Celestica to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Celestica Stock Up 5.5 %

Shares of Celestica stock opened at $42.98 on Tuesday. The stock has a market capitalization of $5.13 billion, a P/E ratio of 21.17 and a beta of 2.22. The company has a quick ratio of 0.75, a current ratio of 1.40 and a debt-to-equity ratio of 0.41. The stock has a 50 day moving average price of $44.10 and a two-hundred day moving average price of $33.87. Celestica has a 12-month low of $10.50 and a 12-month high of $51.12.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CLS. Canaccord Genuity Group upped their target price on Celestica from $32.50 to $38.00 and gave the stock a “buy” rating in a research report on Wednesday, January 31st. CIBC upped their target price on Celestica from $33.00 to $41.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 31st. TD Securities upped their target price on Celestica from $33.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, January 31st. Royal Bank of Canada upped their target price on Celestica from $38.00 to $47.00 and gave the stock an “outperform” rating in a research report on Monday. Finally, StockNews.com cut Celestica from a “buy” rating to a “hold” rating in a research report on Wednesday, February 28th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $36.38.

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.