Cormark Issues Optimistic Outlook for Celestica Earnings

Celestica Inc. (TSE:CLS) (NYSE:CLS) – Cormark upped their Q3 2024 earnings per share (EPS) estimates for shares of Celestica in a research report issued to clients and investors on Monday, October 21st. Cormark analyst J. Pytlak now anticipates that the company will post earnings of $1.17 per share for the quarter, up from their previous forecast of $1.13. The consensus estimate for Celestica’s current full-year earnings is $5.03 per share. Cormark also issued estimates for Celestica’s FY2024 earnings at $4.46 EPS.

Celestica (TSE:CLS) (NYSE:CLS) last posted its quarterly earnings data on Wednesday, July 24th. The company reported C$1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.99 by C$0.18. The company had revenue of C$3.27 billion for the quarter, compared to the consensus estimate of C$3.09 billion. Celestica had a return on equity of 20.99% and a net margin of 4.16%.

Separately, TD Securities boosted their price objective on Celestica from C$55.00 to C$61.00 and gave the company a “buy” rating in a research report on Friday, July 26th.

Celestica Price Performance

Shares of CLS opened at C$93.99 on Wednesday. The firm has a market cap of C$11.15 billion, a price-to-earnings ratio of 22.27, a PEG ratio of 0.14 and a beta of 2.23. The stock has a 50 day moving average of C$69.88 and a 200-day moving average of C$70.71. The company has a current ratio of 1.47, a quick ratio of 0.54 and a debt-to-equity ratio of 52.78. Celestica has a 52 week low of C$28.90 and a 52 week high of C$94.76.

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.