Celestica (NYSE:CLS) Issues Quarterly Earnings Results

Celestica (NYSE:CLS) (TSE:CLS) released its quarterly earnings data on Wednesday. The technology company reported $1.04 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.04, Zacks reports. Celestica had a net margin of 4.08% and a return on equity of 21.58%. Celestica updated its FY 2025 guidance to 4.750-4.750 EPS and its Q1 2025 guidance to 1.060-1.160 EPS.

Celestica Stock Up 6.3 %

CLS stock traded up $5.98 during mid-day trading on Wednesday, reaching $100.46. The company had a trading volume of 7,497,982 shares, compared to its average volume of 4,045,220. The firm has a fifty day simple moving average of $97.08 and a 200 day simple moving average of $71.25. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.87 and a current ratio of 1.47. The company has a market capitalization of $11.69 billion, a price-to-earnings ratio of 31.89 and a beta of 2.25. Celestica has a fifty-two week low of $32.55 and a fifty-two week high of $131.23.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. TD Securities lifted their price target on shares of Celestica from $70.00 to $107.00 and gave the company a “buy” rating in a research report on Tuesday. TD Cowen raised their price objective on Celestica from $68.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. UBS Group initiated coverage on shares of Celestica in a research report on Friday, November 22nd. They issued a “neutral” rating and a $95.00 target price on the stock. Royal Bank of Canada lifted their price target on shares of Celestica from $75.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, January 8th. Finally, Barclays started coverage on shares of Celestica in a report on Tuesday, November 5th. They issued an “overweight” rating and a $91.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $84.82.

Insider Transactions at Celestica

In related news, Director Michael Wilson sold 25,000 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $98.73, for a total transaction of $2,468,250.00. Following the completion of the transaction, the director now owns 1,784 shares in the company, valued at approximately $176,134.32. The trade was a 93.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.00% of the company’s stock.

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.