Celestica (NYSE:CLS) Updates FY 2025 Earnings Guidance

Celestica (NYSE:CLS) (TSE:CLS) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided EPS guidance of 4.420-4.420 for the period, compared to the consensus EPS 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 Price Performance

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

Celestica (NYSE:CLS) (TSE:CLS) last issued 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 net margin of 4.16% and a return on equity of 19.96%. The firm had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.25 billion. During the same period last year, the company posted $0.55 EPS. Celestica’s quarterly revenue was up 23.3% compared to the same quarter last year. Equities analysts predict that Celestica will post 3.22 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CLS. StockNews.com cut shares of Celestica from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. Royal Bank of Canada lifted their price target on shares of Celestica from $53.00 to $63.00 and gave the company an “outperform” rating in a research report on Monday, July 22nd. Canaccord Genuity Group raised their target price 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 objective for the company in a research report on Monday, September 9th. Finally, TD Securities lifted their price target on shares of Celestica from $61.00 to $68.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average 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.