Celestica (NYSE:CLS) Releases FY 2025 Earnings Guidance

Celestica (NYSE:CLS) (TSE:CLS) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 4.420-4.420 for the period, compared to the consensus estimate of 4.070. The company issued revenue guidance of $10.4 billion-$10.4 billion, compared to the consensus revenue estimate of $10.4 billion. Celestica also updated its FY 2024 guidance to 3.850-3.850 EPS.

Celestica Stock Up 2.6 %

Shares of CLS traded up $1.46 during midday trading on Wednesday, reaching $57.46. The stock had a trading volume of 3,462,220 shares, compared to its average volume of 2,238,517. The company has a market cap of $6.83 billion, a price-to-earnings ratio of 20.89 and a beta of 2.28. The company’s fifty day simple moving average is $51.78 and its two-hundred day simple moving average is $51.99. Celestica has a 1-year low of $20.87 and a 1-year high of $64.56. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.86.

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

Analyst Upgrades and Downgrades

CLS has been the subject of several research analyst reports. Royal Bank of Canada upped their price objective on shares of Celestica from $53.00 to $63.00 and gave the company an “outperform” rating in a research note on Monday, July 22nd. Canaccord Genuity Group raised their price target on Celestica from $53.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Stifel Nicolaus raised Celestica from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a research report on Monday, September 9th. CIBC increased their price objective on Celestica from $58.00 to $60.00 and gave the company a “neutral” rating in a report on Friday, July 26th. Finally, StockNews.com cut shares of Celestica from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Celestica presently has a consensus rating of “Moderate Buy” and a consensus target price of $61.88.

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.