Cormark Issues Positive Outlook for Celestica Earnings

Celestica Inc. (TSE:CLS) (NYSE:CLS) – Investment analysts at Cormark upped their Q3 2024 earnings per share estimates for shares of Celestica in a research report issued on Monday, October 21st. Cormark analyst J. Pytlak now expects that the company will post earnings per share of $1.17 for the quarter, up from their previous estimate of $1.13. The consensus estimate for Celestica’s current full-year earnings is $5.03 per share. Cormark also issued estimates for Celestica’s FY2024 earnings at $4.46 EPS.

Separately, TD Securities lifted their target price on Celestica from C$55.00 to C$61.00 and gave the stock a “buy” rating in a report on Friday, July 26th.

Celestica Stock Up 2.6 %

Shares of CLS stock opened at C$79.47 on Wednesday. The company has a debt-to-equity ratio of 52.78, a quick ratio of 0.54 and a current ratio of 1.47. The stock has a market cap of C$9.43 billion, a PE ratio of 18.83, a price-to-earnings-growth ratio of 0.14 and a beta of 2.23. The business’s fifty day moving average is C$69.88 and its 200-day moving average is C$70.71. Celestica has a 1 year low of C$28.90 and a 1 year high of C$88.05.

Celestica (TSE:CLS) (NYSE:CLS) last issued its quarterly earnings results on Wednesday, July 24th. The company reported C$1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.99 by C$0.18. Celestica had a return on equity of 20.99% and a net margin of 4.16%. The company had revenue of C$3.27 billion for the quarter, compared to analysts’ expectations of C$3.09 billion.

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.