Celestica (CLS) to Release Earnings on Tuesday
Celestica (NYSE:CLS) will be issuing its Q313 quarterly earnings data on Tuesday, October 22nd. Analysts expect the company to announce earnings of $0.21 per share and revenue of $1.49 billion for the quarter. Celestica has set its Q3 guidance at $0.17-0.23 EPS.
Celestica (NYSE:CLS) last posted its quarterly earnings results on Friday, July 26th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.04. The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the previous year, the company posted $0.22 earnings per share. The company’s revenue for the quarter was down 14.3% on a year-over-year basis. On average, analysts expect Celestica to post $0.82 EPS for the current fiscal year and $0.96 EPS for the next fiscal year.
Shares of Celestica (NYSE:CLS) traded down 2.26% during mid-day trading on Monday, hitting $10.83. The stock had a trading volume of 250,086 shares. Celestica has a one year low of $6.64 and a one year high of $11.49. The stock has a 50-day moving average of $11.0 and a 200-day moving average of $9.77. The company has a market cap of $1.995 billion and a price-to-earnings ratio of 24.03.
Several analysts have recently commented on the stock. Analysts at Canaccord Genuity downgraded shares of Celestica from a “buy” rating to a “hold” rating in a research note to investors on Monday. On a related note, analysts at CIBC reiterated a “sector outperform” rating on shares of Celestica in a research note to investors on Friday. They now have a $13.00 price target on the stock. Finally, analysts at Zacks downgraded shares of Celestica from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday, September 26th. They now have a $11.90 price target on the stock. Two analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $10.17.
Celestica Inc (NYSE:CLS) is a provider of supply chain solutions globally to original equipment manufacturers (OEMs) and service providers in the communications, consumer, computing and diversified end markets.
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