Analysts predict that Celestica Inc (NYSE:CLS) (TSE:CLS) will announce earnings per share (EPS) of $0.17 for the current quarter, according to Zacks. Two analysts have made estimates for Celestica’s earnings. Celestica posted earnings per share of $0.24 in the same quarter last year, which would indicate a negative year-over-year growth rate of 29.2%. The firm is scheduled to announce its next quarterly earnings report before the market opens on Thursday, April 25th.
According to Zacks, analysts expect that Celestica will report full year earnings of $0.94 per share for the current year, with EPS estimates ranging from $0.93 to $0.95. For the next fiscal year, analysts anticipate that the firm will post earnings of $1.21 per share. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that follow Celestica.
Celestica (NYSE:CLS) (TSE:CLS) last released its quarterly earnings results on Thursday, January 31st. The technology company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.33. Celestica had a net margin of 1.49% and a return on equity of 7.51%. The business had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.72 billion.
Several research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Celestica from a “hold” rating to a “buy” rating and set a $9.75 price target on the stock in a report on Monday, April 15th. TD Securities cut their price target on shares of Celestica from $12.00 to $10.00 and set a “hold” rating on the stock in a report on Friday, February 1st. Royal Bank of Canada cut their price target on shares of Celestica from $12.00 to $10.00 and set a “sector perform” rating on the stock in a report on Friday, February 1st. Macquarie cut shares of Celestica from an “outperform” rating to a “neutral” rating and set a $10.00 price target on the stock. in a report on Friday, February 1st. Finally, Canaccord Genuity restated a “buy” rating and set a $11.00 price target on shares of Celestica in a report on Tuesday, February 5th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $9.96.
Celestica stock traded down $0.09 during midday trading on Monday, hitting $8.75. 164,133 shares of the stock were exchanged, compared to its average volume of 204,363. Celestica has a 52-week low of $7.53 and a 52-week high of $12.59. The stock has a market cap of $1.19 billion, a PE ratio of 12.50, a price-to-earnings-growth ratio of 5.59 and a beta of 0.82. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.07 and a current ratio of 1.74.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Norges Bank bought a new stake in shares of Celestica in the fourth quarter valued at approximately $16,836,000. Letko Brosseau & Associates Inc. increased its holdings in Celestica by 7.8% during the 4th quarter. Letko Brosseau & Associates Inc. now owns 22,173,121 shares of the technology company’s stock worth $194,165,000 after acquiring an additional 1,599,033 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp increased its holdings in Celestica by 33.1% during the 3rd quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 2,537,335 shares of the technology company’s stock worth $35,497,000 after acquiring an additional 630,800 shares during the period. D. E. Shaw & Co. Inc. increased its holdings in Celestica by 44.9% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 915,138 shares of the technology company’s stock worth $8,026,000 after acquiring an additional 283,636 shares during the period. Finally, Scheer Rowlett & Associates Investment Management Ltd. increased its holdings in Celestica by 18.8% during the 4th quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 1,759,243 shares of the technology company’s stock worth $15,405,000 after acquiring an additional 278,752 shares during the period. Hedge funds and other institutional investors own 66.33% of the company’s stock.
Celestica Company Profile
Celestica Inc provides design, manufacturing, hardware platform, and supply chain solutions in Canada and internationally. It operates through two segments, Advanced Technology Solutions, and Connectivity & Cloud Solutions. The company offers a range of services, including design and development, engineering, supply chain management, new product introduction, component sourcing, electronics manufacturing, assembly and test, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics, asset management, product licensing, and after-market repair and return services.
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