Celestica (NYSE:CLS – Get Free Report) (TSE:CLS) issued an update on its fourth quarter 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 0.990-1.090 for the period, compared to the consensus estimate of 0.950. The company issued revenue guidance of $2.4 billion-$2.6 billion, compared to the consensus revenue estimate of $2.5 billion. Celestica also updated its FY 2024 guidance to 3.850-3.850 EPS.
Celestica Stock Performance
Shares of Celestica stock traded up $1.46 during trading hours on Wednesday, reaching $57.46. 3,462,220 shares of the stock traded hands, compared to its average volume of 2,238,517. The company has a 50 day moving average price of $51.78 and a 200 day moving average price of $51.99. Celestica has a one year low of $20.87 and a one year high of $64.56. The company has a quick ratio of 0.86, a current ratio of 1.47 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $6.83 billion, a price-to-earnings ratio of 20.89 and a beta of 2.28.
Celestica (NYSE:CLS – Get Free Report) (TSE:CLS) last announced its earnings results on Wednesday, July 24th. The technology company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.10. Celestica had a net margin of 4.16% and a return on equity of 19.96%. The company had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.25 billion. During the same period in the previous year, the business posted $0.55 earnings per share. The firm’s quarterly revenue was up 23.3% compared to the same quarter last year. On average, equities research analysts expect that Celestica will post 3.22 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Analysis on CLS
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.
Featured Articles
- Five stocks we like better than Celestica
- Best ESG Stocks: 11 Best Stocks for ESG Investing
- Chinese Stocks Cool Off: Time to Buy the Dip in These 2 Stocks?
- What is the Dow Jones Industrial Average (DJIA)?
- Goldman Sachs Highlights 3 Top Short Squeeze Stocks to Watch
- Stock Ratings and Recommendations: Understanding Analyst Ratings
- Walmart is Up 56% YTD, Is it Still a Top Consumer Staples Stock?
Receive News & Ratings for Celestica Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Celestica and related companies with MarketBeat.com's FREE daily email newsletter.