Celestica (CLS) to Release Earnings on Wednesday

Celestica (NYSE:CLS) (TSE:CLS) will issue its quarterly earnings data after the market closes on Wednesday, October 23rd. Analysts expect Celestica to post earnings of $0.82 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings data on Wednesday, July 24th. The technology company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.10. The business had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.25 billion. Celestica had a return on equity of 19.96% and a net margin of 4.16%. The company’s revenue was up 23.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.55 earnings per share. On average, analysts expect Celestica to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Celestica Stock Performance

Shares of CLS stock opened at $61.11 on Wednesday. Celestica has a 52-week low of $20.87 and a 52-week high of $64.56. 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 stock has a market cap of $7.26 billion, a PE ratio of 22.80 and a beta of 2.28. The business has a 50-day simple moving average of $50.54 and a 200-day simple moving average of $51.54.

Analyst Ratings Changes

CLS has been the subject of several research reports. Stifel Nicolaus upgraded Celestica from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a research note on Monday, September 9th. Canaccord Genuity Group boosted their price objective on Celestica from $53.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Royal Bank of Canada increased their price target on shares of Celestica from $53.00 to $63.00 and gave the company an “outperform” rating in a research note on Monday, July 22nd. StockNews.com lowered shares of Celestica from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. Finally, TD Securities boosted their price objective on shares of Celestica from $61.00 to $68.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $61.88.

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.