Cormark Issues Positive Outlook for Celestica Earnings

Celestica Inc. (TSE:CLS) (NYSE:CLS) – Analysts at Cormark increased their Q3 2024 EPS estimates for Celestica in a research note issued to investors on Monday, October 21st. Cormark analyst J. Pytlak now expects that the company will post earnings of $1.17 per share for the quarter, up from their previous forecast 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.

Celestica (TSE:CLS) (NYSE:CLS) last issued its quarterly earnings data on Wednesday, July 24th. The company reported C$1.17 earnings per share (EPS) for the quarter, topping 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 firm had revenue of C$3.27 billion during the quarter, compared to analysts’ expectations of C$3.09 billion.

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

Celestica Price Performance

Shares of TSE:CLS opened at C$77.44 on Wednesday. The stock has a market capitalization of C$9.18 billion, a P/E ratio of 18.35, a P/E/G ratio of 0.14 and a beta of 2.23. The business has a 50-day moving average of C$69.56 and a two-hundred day moving average of C$70.65. Celestica has a fifty-two week low of C$28.90 and a fifty-two week high of C$88.05. The company has a debt-to-equity ratio of 52.78, a current ratio of 1.47 and a quick ratio of 0.54.

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.