Analysts forecast that Celestica Inc (NYSE:CLS) (TSE:CLS) will announce $1.47 billion in sales for the current quarter, according to Zacks. Two analysts have issued estimates for Celestica’s earnings. Celestica also reported sales of $1.47 billion in the same quarter last year. The company is scheduled to report its next earnings report on Thursday, April 19th.
On average, analysts expect that Celestica will report full year sales of $1.47 billion for the current financial year, with estimates ranging from $6.20 billion to $6.25 billion. For the next year, analysts expect that the business will post sales of $6.45 billion per share. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Celestica.
Celestica (NYSE:CLS) (TSE:CLS) last released its quarterly earnings results on Wednesday, January 24th. The technology company reported $0.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.10). The firm had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.56 billion. Celestica had a net margin of 1.72% and a return on equity of 8.84%.
A number of research firms recently weighed in on CLS. Stifel Nicolaus lowered their price target on shares of Celestica from $14.00 to $13.00 and set a “hold” rating for the company in a report on Thursday, January 25th. Royal Bank of Canada reiterated a “hold” rating and set a $11.00 price objective on shares of Celestica in a research note on Thursday, January 25th. Canaccord Genuity reiterated a “buy” rating and set a $13.00 price objective on shares of Celestica in a research note on Thursday, January 25th. TheStreet downgraded shares of Celestica from a “b” rating to a “c+” rating in a research note on Thursday, November 9th. Finally, ValuEngine downgraded shares of Celestica from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $13.36.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Dynamic Technology Lab Private Ltd boosted its stake in Celestica by 5.6% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 10,957 shares of the technology company’s stock valued at $149,000 after acquiring an additional 579 shares during the last quarter. JOYN Advisors Inc. bought a new position in shares of Celestica in the 4th quarter worth about $121,000. Investors Research Corp bought a new position in shares of Celestica in the 4th quarter worth about $128,000. Jefferies Group LLC bought a new position in shares of Celestica in the 4th quarter worth about $146,000. Finally, Landscape Capital Management L.L.C. bought a new position in shares of Celestica in the 4th quarter worth about $200,000. Hedge funds and other institutional investors own 70.81% of the company’s stock.
Celestica (CLS) traded down $0.07 on Friday, reaching $10.90. 416,899 shares of the company were exchanged, compared to its average volume of 967,420. The firm has a market cap of $1,362.19, a price-to-earnings ratio of 14.93 and a beta of 0.60. Celestica has a 1-year low of $9.79 and a 1-year high of $14.74. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.10 and a current ratio of 1.94.
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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