Celestica (NYSE:CLS) Issues FY 2024 Earnings Guidance

Celestica (NYSE:CLS) (TSE:CLS) updated its FY 2024 earnings guidance on Wednesday. The company provided EPS guidance of 3.300-3.300 for the period, compared to the consensus EPS estimate of 2.930. The company issued revenue guidance of $9.1 billion-$9.1 billion, compared to the consensus revenue estimate of $8.8 billion. Celestica also updated its FY24 guidance to $3.30 EPS.

Wall Street Analyst Weigh In

Several research firms have commented on CLS. Royal Bank of Canada increased their price objective on shares of Celestica from $38.00 to $47.00 and gave the company an outperform rating in a report on Monday. StockNews.com downgraded shares of Celestica from a buy rating to a hold rating in a report on Wednesday, February 28th. Canaccord Genuity Group upped their target price on shares of Celestica from $32.50 to $38.00 and gave the company a buy rating in a research report on Wednesday, January 31st. BMO Capital Markets upped their target price on shares of Celestica from $37.00 to $48.00 and gave the company an outperform rating in a research report on Monday. Finally, CIBC upped their target price on shares of Celestica from $33.00 to $41.00 and gave the company an outperform rating in a research report on Wednesday, January 31st. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Celestica presently has an average rating of Moderate Buy and a consensus price target of $36.38.

Celestica Trading Up 0.8 %

Celestica stock traded up $0.34 during midday trading on Wednesday, reaching $44.10. The stock had a trading volume of 2,605,368 shares, compared to its average volume of 2,249,805. The company has a quick ratio of 0.75, a current ratio of 1.40 and a debt-to-equity ratio of 0.41. Celestica has a 52-week low of $10.50 and a 52-week high of $51.12. The firm has a market cap of $5.26 billion, a price-to-earnings ratio of 21.77 and a beta of 2.22. The company has a fifty day moving average of $44.32 and a 200 day moving average of $34.11.

Celestica (NYSE:CLS) (TSE:CLS) last posted its quarterly earnings data on Monday, January 29th. The technology company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.08. Celestica had a net margin of 3.07% and a return on equity of 17.09%. The company had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.08 billion. On average, analysts anticipate that Celestica will post 2.59 earnings per share for the current fiscal year.

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.