Celestica Inc. (TSE:CLS – Free Report) (NYSE:CLS) – Cormark upped their Q3 2024 earnings estimates for Celestica in a research report issued to clients and investors on Monday, October 21st. Cormark analyst J. Pytlak now expects that the company will post earnings of $1.17 per share for the quarter, up from their prior 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 increased their price objective on Celestica from C$55.00 to C$61.00 and gave the company a “buy” rating in a report on Friday, July 26th.
Celestica Stock Up 18.3 %
Shares of CLS opened at C$93.99 on Wednesday. The stock has a market capitalization of C$11.15 billion, a price-to-earnings ratio of 22.27, a PEG ratio of 0.14 and a beta of 2.23. Celestica has a 52 week low of C$28.90 and a 52 week high of C$94.76. The stock has a fifty day moving average of C$69.88 and a 200-day moving average of C$70.71. The company has a debt-to-equity ratio of 52.78, a quick ratio of 0.54 and a current ratio of 1.47.
Celestica (TSE:CLS – Get Free Report) (NYSE:CLS) last announced its quarterly earnings results on Wednesday, July 24th. The company reported C$1.17 EPS for the quarter, beating analysts’ consensus estimates 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 during 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.
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