Celestica (CLS) Announces Quarterly Earnings Results, Beats Estimates By $0.01 EPS
Celestica (NYSE:CLS) released its earnings data on Tuesday. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.01, Analyst Ratings Network.com reports. The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the previous year, the company posted $0.26 earnings per share. The company’s revenue for the quarter was down 5.3% on a year-over-year basis. Celestica updated its Q4 guidance to $0.20 to $0.26 EPS.
A number of analysts have recently weighed in on CLS shares. 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 research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $10.17.
Celestica (NYSE:CLS) traded down 2.51% during mid-day trading on Tuesday, hitting $10.49. 575,451 shares of the company’s stock traded hands. Celestica has a one year low of $6.64 and a one year high of $11.30. The stock’s 50-day moving average is $10.79 and its 200-day moving average is $9.27. The company has a market cap of $1.932 billion and a price-to-earnings ratio of 23.34.
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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