Celestica (CLS) Projected to Post Quarterly Earnings on Wednesday

Celestica (NYSE:CLS) (TSE:CLS) is expected to announce its earnings results after the market closes on Wednesday, January 29th. Analysts expect the company to announce earnings of $1.04 per share and revenue of $2,512,747.10 billion for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Celestica (NYSE:CLS) (TSE:CLS) last released its earnings results on Wednesday, October 23rd. The technology company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.11. Celestica had a return on equity of 21.58% and a net margin of 4.08%. The company had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.41 billion. During the same quarter in the previous year, the business posted $0.65 EPS. The business’s revenue for the quarter was up 24.8% on a year-over-year basis. On average, analysts expect Celestica to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Celestica Trading Up 4.4 %

NYSE:CLS opened at $118.22 on Wednesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87. Celestica has a fifty-two week low of $30.40 and a fifty-two week high of $119.77. The stock’s 50-day moving average is $93.72 and its two-hundred day moving average is $69.06. The stock has a market cap of $13.76 billion, a PE ratio of 37.53 and a beta of 2.25.

Analyst Ratings Changes

Several equities research analysts recently commented on CLS shares. BMO Capital Markets boosted their price target on Celestica from $64.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. UBS Group started coverage on Celestica in a research note on Friday, November 22nd. They issued a “neutral” rating and a $95.00 price target for the company. Canaccord Genuity Group boosted their price target on Celestica from $77.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, December 20th. Royal Bank of Canada boosted their price target on Celestica from $75.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, January 8th. Finally, TD Securities boosted their price target on Celestica from $68.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $81.45.

Insider Buying and Selling

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