Equities research analysts forecast that Celestica Inc (NYSE:CLS) (TSE:CLS) will report earnings per share (EPS) of $0.30 for the current quarter, according to Zacks. Two analysts have provided estimates for Celestica’s earnings. The lowest EPS estimate is $0.29 and the highest is $0.30. Celestica posted earnings of $0.31 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 3.2%. The business is scheduled to announce its next quarterly earnings results on Thursday, October 25th.
On average, analysts expect that Celestica will report full year earnings of $1.14 per share for the current year, with EPS estimates ranging from $1.12 to $1.15. For the next year, analysts expect that the business will report earnings of $1.31 per share, with EPS estimates ranging from $1.28 to $1.34. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that cover Celestica.
Celestica (NYSE:CLS) (TSE:CLS) last posted its earnings results on Tuesday, July 31st. The technology company reported $0.11 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.05). The firm had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.61 billion. Celestica had a return on equity of 5.83% and a net margin of 1.24%. The company’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter last year, the business posted $0.32 earnings per share.
Several equities research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Celestica from a “sell” rating to a “hold” rating in a report on Wednesday, June 27th. Beacon Securities upgraded shares of Celestica from a “hold” rating to a “buy” rating in a report on Wednesday, October 10th. TD Securities increased their target price on shares of Celestica from $11.00 to $12.00 and gave the stock a “hold” rating in a report on Wednesday, August 1st. Finally, Macquarie upgraded shares of Celestica from a “neutral” rating to an “outperform” rating in a report on Wednesday, October 10th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $12.50.
Several large investors have recently modified their holdings of the stock. Letko Brosseau & Associates Inc. raised its holdings in shares of Celestica by 0.3% during the second quarter. Letko Brosseau & Associates Inc. now owns 20,487,963 shares of the technology company’s stock worth $243,435,000 after acquiring an additional 71,150 shares during the period. Janus Henderson Group PLC raised its holdings in shares of Celestica by 27.9% during the second quarter. Janus Henderson Group PLC now owns 4,051,770 shares of the technology company’s stock worth $48,095,000 after acquiring an additional 884,595 shares during the period. Pzena Investment Management LLC acquired a new stake in shares of Celestica during the second quarter worth $33,321,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp raised its holdings in shares of Celestica by 27.7% during the second quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 1,906,535 shares of the technology company’s stock worth $29,799,000 after acquiring an additional 414,100 shares during the period. Finally, Scheer Rowlett & Associates Investment Management Ltd. raised its holdings in shares of Celestica by 4.9% during the second quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 1,514,735 shares of the technology company’s stock worth $17,998,000 after acquiring an additional 71,252 shares during the period. Institutional investors and hedge funds own 65.41% of the company’s stock.
CLS traded down $0.14 during mid-day trading on Friday, hitting $10.97. The stock had a trading volume of 362,700 shares, compared to its average volume of 539,519. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.16 and a current ratio of 1.87. The firm has a market cap of $1.54 billion, a PE ratio of 15.51 and a beta of 0.57. Celestica has a 1-year low of $9.79 and a 1-year high of $12.59.
Celestica Inc provides design, manufacturing, hardware platform, and supply chain solutions in Canada and internationally. 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, and after-market repair and return services.
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