Celestica (NYSE:CLS) Issues Q4 2024 Earnings Guidance

Celestica (NYSE:CLS) (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.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on CLS shares. Canaccord Genuity Group lifted their price objective on shares of Celestica from $53.00 to $70.00 and gave the company a “buy” rating in a report on Friday, July 26th. TD Securities increased their price objective on Celestica from $61.00 to $68.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. StockNews.com downgraded Celestica from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. Royal Bank of Canada boosted their price target on shares of Celestica from $53.00 to $63.00 and gave the company an “outperform” rating in a report on Monday, July 22nd. Finally, Stifel Nicolaus raised shares of Celestica from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a research note on Monday, September 9th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $61.88.

Celestica Stock Performance

Celestica stock traded up $1.47 during mid-day trading on Wednesday, reaching $57.47. 3,456,590 shares of the company traded hands, compared to its average volume of 2,238,517. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.86. The firm’s fifty day moving average is $51.78 and its two-hundred day moving average is $51.99. The company has a market capitalization of $6.83 billion, a price-to-earnings ratio of 20.89 and a beta of 2.28. Celestica has a fifty-two week low of $20.87 and a fifty-two week high of $64.56.

Celestica (NYSE:CLS) (TSE:CLS) last released its quarterly earnings data on Wednesday, July 24th. The technology company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.81 by $0.10. The business had revenue of $2.39 billion for the quarter, compared to the consensus estimate of $2.25 billion. Celestica had a net margin of 4.16% and a return on equity of 19.96%. The business’s revenue for the quarter was up 23.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.55 EPS. On average, equities research analysts expect that Celestica will post 3.22 earnings per share for the current fiscal year.

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.