Celestica Inc (CLS) Releases Q2 Earnings Guidance
Celestica Inc (NYSE:CLS) (TSE:CLS) updated its second quarter earnings guidance on Thursday. The company provided EPS guidance of $0.29 to $0.35 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.32. The company issued revenue guidance of $1.5 billion to $1.6 billion, compared to the consensus revenue estimate of $1.54 billion.
Several equities research analysts recently weighed in on the stock. Citigroup Inc raised shares of Celestica from a sell rating to a neutral rating and upped their target price for the stock from $11.50 to $15.00 in a research note on Thursday, April 6th. Macquarie raised shares of Celestica from a neutral rating to an outperform rating and set a $16.00 target price on the stock in a research note on Friday, January 27th. BMO Capital Markets set a $15.00 target price on shares of Celestica and gave the stock a hold rating in a research note on Friday, January 27th. Royal Bank of Canada reaffirmed a hold rating and set a $13.00 target price on shares of Celestica in a research note on Thursday, January 12th. Finally, Stifel Nicolaus increased their price objective on shares of Celestica from $11.00 to $12.00 and gave the company a hold rating in a research report on Friday, January 27th. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Celestica has a consensus rating of Hold and a consensus target price of $13.25.
Shares of Celestica Inc (NYSE:CLS) opened at 14.32 on Thursday. The firm has a 50 day moving average of $14.04 and a 200-day moving average of $12.70. Celestica Inc has a 12 month low of $8.83 and a 12 month high of $14.74. The stock has a market capitalization of $2.00 billion, a P/E ratio of 15.07 and a beta of 1.01.
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Celestica (NYSE:CLS) last released its quarterly earnings data on Thursday, April 20th. The technology company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. The firm earned $1.47 billion during the quarter, compared to the consensus estimate of $1.45 billion. Celestica had a net margin of 2.27% and a return on equity of 14.03%. The firm’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.26 earnings per share. Analysts forecast that Celestica Inc will post $1.29 earnings per share for the current year.
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Celestica Inc is a provider of supply chain solutions. The Company operates in electronics manufacturing services business segment. The Company offers a range of services to its customers, including design and development, engineering services, supply chain management, new product introduction, component sourcing, electronics manufacturing, assembly and test, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics and after-market repair and return services.
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