Celestica (NYSE:CLS) Releases FY25 Earnings Guidance

Celestica (NYSE:CLS) (TSE:CLS) issued an update on its FY25 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $4.42 for the period, compared to the consensus estimate of $4.07. The company issued revenue guidance of $10.40 billion, compared to the consensus revenue estimate of $10.41 billion. Celestica also updated its FY 2024 guidance to 3.850-3.850 EPS.

Celestica Stock Up 2.0 %

Shares of CLS traded up $1.33 on Friday, reaching $69.27. The company’s stock had a trading volume of 2,060,356 shares, compared to its average volume of 2,263,728. The company has a current ratio of 1.47, a quick ratio of 0.86 and a debt-to-equity ratio of 0.49. Celestica has a twelve month low of $20.87 and a twelve month high of $70.07. The stock has a market capitalization of $8.23 billion, a PE ratio of 25.34 and a beta of 2.28. The firm has a fifty day moving average of $52.13 and a 200-day moving average of $52.13.

Celestica (NYSE:CLS) (TSE:CLS) last issued its quarterly earnings data on Wednesday, October 23rd. The technology company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.11. Celestica had a net margin of 4.16% and a return on equity of 19.96%. The business had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.41 billion. During the same period in the prior year, the firm posted $0.65 EPS. The firm’s quarterly revenue was up 24.8% compared to the same quarter last year. Equities analysts predict that Celestica will post 3.22 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently commented on the stock. TD Securities raised their price objective on shares of Celestica from $68.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday. Stifel Nicolaus increased their target price on shares of Celestica from $58.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday. CIBC increased their target price on shares of Celestica from $58.00 to $60.00 and gave the company a “neutral” rating in a report on Friday, July 26th. BMO Capital Markets increased their target price on shares of Celestica from $64.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Canaccord Genuity Group increased their target price on shares of Celestica from $53.00 to $70.00 and gave the company a “buy” rating in a report on Friday, July 26th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $66.67.

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.