Cormark Has Positive Outlook of Celestica FY2024 Earnings

Celestica Inc. (TSE:CLS) (NYSE:CLS) – Equities researchers at Cormark lifted their FY2024 earnings per share estimates for shares of Celestica in a report issued on Monday, January 27th. Cormark analyst J. Pytlak now expects that the company will earn $5.07 per share for the year, up from their prior estimate of $4.76. The consensus estimate for Celestica’s current full-year earnings is $5.03 per share. Cormark also issued estimates for Celestica’s Q4 2024 earnings at $1.46 EPS, Q1 2025 earnings at $1.26 EPS, Q2 2025 earnings at $1.49 EPS, Q3 2025 earnings at $1.50 EPS, Q4 2025 earnings at $1.56 EPS and FY2025 earnings at $5.80 EPS.

CLS has been the subject of several other reports. Barclays raised shares of Celestica to a “strong-buy” rating in a report on Tuesday, November 5th. UBS Group raised Celestica to a “hold” rating in a research note on Friday, November 22nd.

Celestica Stock Up 8.2 %

CLS stock opened at C$136.05 on Tuesday. The stock has a 50-day simple moving average of C$138.21 and a two-hundred day simple moving average of C$99.00. The company has a quick ratio of 0.54, a current ratio of 1.47 and a debt-to-equity ratio of 52.78. The firm has a market capitalization of C$16.14 billion, a PE ratio of 32.24, a PEG ratio of 0.14 and a beta of 2.23. Celestica has a twelve month low of C$42.85 and a twelve month high of C$187.90.

Insider Activity at Celestica

In other news, Senior Officer Jason Phillips sold 18,000 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of C$116.94, for a total value of C$2,104,847.21. Also, Director Robert Andrew Mionis sold 60,000 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of C$110.13, for a total value of C$6,607,522.80. Insiders have sold 94,354 shares of company stock valued at $10,780,754 over the last three months. 1.00% of the stock is owned by corporate insiders.

Celestica Company Profile

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.