Equities Analysts Issue Forecasts for Celestica Q3 Earnings

Celestica Inc. (TSE:CLS) (NYSE:CLS) – Research analysts at Cormark boosted their Q3 2024 earnings estimates for Celestica in a research report issued on Monday, October 21st. Cormark analyst J. Pytlak now expects that the company will post earnings per share of $1.17 for the quarter, up from their previous estimate of $1.13. The consensus estimate for Celestica’s current full-year earnings is $5.03 per share. Cormark also issued estimates for Celestica’s FY2024 earnings at $4.46 EPS.

Separately, TD Securities raised their price objective on Celestica from C$55.00 to C$61.00 and gave the stock a “buy” rating in a research report on Friday, July 26th.

Celestica Stock Down 1.2 %

CLS stock opened at C$77.44 on Wednesday. Celestica has a twelve month low of C$28.90 and a twelve month high of C$88.05. The company has a quick ratio of 0.54, a current ratio of 1.47 and a debt-to-equity ratio of 52.78. The company has a market cap of C$9.18 billion, a PE ratio of 18.35, a price-to-earnings-growth ratio of 0.14 and a beta of 2.23. The business’s 50-day simple moving average is C$69.56 and its 200 day simple moving average is C$70.65.

Celestica (TSE:CLS) (NYSE:CLS) last announced its quarterly earnings data on Wednesday, July 24th. The company reported C$1.17 EPS for the quarter, beating analysts’ consensus estimates of C$0.99 by C$0.18. Celestica had a net margin of 4.16% and a return on equity of 20.99%. The business had revenue of C$3.27 billion during the quarter, compared to analyst estimates of C$3.09 billion.

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.