Celestica (NYSE:CLS – Get Free Report) (TSE:CLS) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share guidance of 3.300-3.300 for the period, compared to the consensus earnings per share estimate of 2.930. The company issued revenue guidance of $9.1 billion-$9.1 billion, compared to the consensus revenue estimate of $8.8 billion. Celestica also updated its FY24 guidance to $3.30 EPS.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on CLS. Stifel Nicolaus lifted their price target on Celestica from $36.00 to $48.00 and gave the stock a hold rating in a research note on Friday. TD Securities lifted their price target on Celestica from $33.00 to $40.00 and gave the stock a buy rating in a research note on Wednesday, January 31st. Canaccord Genuity Group lifted their price target on Celestica from $48.00 to $53.00 and gave the stock a buy rating in a research note on Friday. Royal Bank of Canada lifted their price target on Celestica from $38.00 to $47.00 and gave the stock an outperform rating in a research note on Monday, April 22nd. Finally, BMO Capital Markets boosted their price objective on Celestica from $37.00 to $48.00 and gave the stock an outperform rating in a research note on Monday, April 22nd. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus price target of $41.50.
Check Out Our Latest Report on Celestica
Celestica Trading Up 0.5 %
Celestica (NYSE:CLS – Get Free Report) (TSE:CLS) last announced its quarterly earnings results on Monday, January 29th. The technology company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.68 by $0.08. Celestica had a return on equity of 18.21% and a net margin of 3.86%. The business had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.08 billion. Analysts forecast that Celestica will post 2.59 earnings per share for the current year.
Celestica Company Profile
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.
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