Celestica (NYSE:CLS) Issues FY25 Earnings Guidance

Celestica (NYSE:CLS) (TSE:CLS) updated its FY25 earnings guidance on Wednesday. The company provided EPS guidance of $4.42 for the period, compared to the consensus EPS estimate of $4.07. The company issued revenue guidance of $10.40 billion, compared to the consensus revenue estimate of $10.41 billion. Celestica also updated its FY 2024 guidance to 3.850-3.850 EPS.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on CLS shares. CIBC increased their price objective on Celestica from $58.00 to $60.00 and gave the stock a “neutral” rating in a research report on Friday, July 26th. TD Securities increased their price objective on Celestica from $61.00 to $68.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Stifel Nicolaus upgraded shares of Celestica from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a research report on Monday, September 9th. Canaccord Genuity Group increased their price target on shares of Celestica from $53.00 to $70.00 and gave the company a “buy” rating in a report on Friday, July 26th. Finally, StockNews.com downgraded shares of Celestica from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $61.88.

Celestica Price Performance

NYSE CLS traded up $1.46 during trading hours on Wednesday, reaching $57.46. The company’s stock had a trading volume of 3,462,220 shares, compared to its average volume of 2,238,517. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.86 and a current ratio of 1.47. The company’s 50-day moving average is $51.78 and its two-hundred day moving average is $51.99. Celestica has a fifty-two week low of $20.87 and a fifty-two week high of $64.56. The stock has a market cap of $6.83 billion, a PE ratio of 20.89 and a beta of 2.28.

Celestica (NYSE:CLS) (TSE:CLS) last released its quarterly earnings results on Wednesday, July 24th. The technology company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.81 by $0.10. Celestica had a net margin of 4.16% and a return on equity of 19.96%. The business had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.25 billion. During the same period in the prior year, the business earned $0.55 earnings per share. The company’s quarterly revenue was up 23.3% on a year-over-year basis. Analysts forecast that Celestica will post 3.22 EPS for the current year.

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.