Research Analysts Offer Predictions for Celestica Inc’s FY2018 Earnings (TSE:CLS)

Celestica Inc (TSE:CLS) (NYSE:CLS) – Beacon Securities dropped their FY2018 earnings estimates for Celestica in a research report issued to clients and investors on Monday, Zacks Investment Research reports. Beacon Securities analyst G. Leung now expects that the company will post earnings of $0.96 per share for the year, down from their prior estimate of $1.13.

Other research analysts also recently issued research reports about the company. Scotiabank lowered their target price on Celestica from C$14.00 to C$11.00 and set a “sector perform” rating on the stock in a research note on Thursday, January 25th. Royal Bank of Canada lowered their target price on Celestica from C$13.00 to C$11.00 and set a “sector perform” rating on the stock in a research note on Thursday, January 25th. TD Securities reduced their price target on Celestica to C$14.75 and set a “hold” rating for the company in a research report on Friday, October 27th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a C$12.50 price target on shares of Celestica in a research report on Friday, October 27th.

Shares of Celestica (TSE:CLS) traded up C$0.14 during midday trading on Wednesday, reaching C$13.40. The company’s stock had a trading volume of 475,700 shares, compared to its average volume of 398,516. Celestica has a 1 year low of C$12.27 and a 1 year high of C$19.94. The stock has a market capitalization of $1,920.00, a P/E ratio of 14.73 and a beta of 0.33.

Celestica (TSE:CLS) (NYSE:CLS) last issued its quarterly earnings results on Wednesday, January 24th. The company reported C$0.13 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.26 by C($0.13). Celestica had a net margin of 2.19% and a return on equity of 10.00%. The business had revenue of C$1.97 billion for the quarter, compared to analysts’ expectations of C$1.99 billion.

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Celestica Company Profile

Celestica Inc is a provider of supply chain solutions. The Company operates in electronics manufacturing services business segment. The Company offers a range of services to its customers, including design and development, engineering services, supply chain management, new product introduction, component sourcing, electronics manufacturing, assembly and test, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics and after-market repair and return services.

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