Celestica (NYSE:CLS) Announces Earnings Results

Celestica (NYSE:CLS) (TSE:CLS) released its earnings results on Wednesday. The technology company reported $1.04 EPS for the quarter, hitting the consensus estimate of $1.04, Zacks reports. Celestica had a return on equity of 23.34% and a net margin of 4.61%. During the same quarter in the previous year, the company earned $0.76 earnings per share. Celestica updated its FY 2025 guidance to 4.750-4.750 EPS and its Q1 2025 guidance to 1.060-1.160 EPS.

Celestica Price Performance

Shares of Celestica stock opened at $123.57 on Monday. The company has a fifty day moving average of $98.48 and a 200-day moving average of $72.36. Celestica has a 52-week low of $32.80 and a 52-week high of $133.66. The stock has a market capitalization of $14.38 billion, a price-to-earnings ratio of 33.04 and a beta of 2.27. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.87 and a current ratio of 1.47.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. TD Cowen raised their price objective on shares of Celestica from $68.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Cibc World Mkts upgraded Celestica from a “hold” rating to a “strong-buy” rating in a research note on Friday. BMO Capital Markets increased their price objective on Celestica from $64.00 to $72.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. TD Securities lifted their target price on Celestica from $70.00 to $107.00 and gave the company a “buy” rating in a research report on Tuesday, January 28th. Finally, Royal Bank of Canada raised their price objective on Celestica from $115.00 to $140.00 and gave the company an “outperform” rating in a research note on Friday. Two research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $99.64.

Insider Activity

In other Celestica news, Director Michael Wilson sold 25,000 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $98.73, for a total transaction of $2,468,250.00. Following the transaction, the director now directly owns 1,784 shares of the company’s stock, valued at approximately $176,134.32. The trade was a 93.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.00% of the company’s stock.

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.