Celestica (NYSE:CLS – Get Free Report) (TSE:CLS) issued an update on its FY24 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $3.30 for the period, compared to the consensus earnings per share estimate of $2.93. The company issued revenue guidance of $9.1 billion, compared to the consensus revenue estimate of $8.78 billion. Celestica also updated its FY 2024 guidance to 3.300-3.300 EPS.
Analysts Set New Price Targets
A number of equities analysts have recently commented on CLS shares. CIBC reaffirmed a neutral rating and set a $49.00 target price (up from $41.00) on shares of Celestica in a research report on Friday. BMO Capital Markets lifted their target price on Celestica from $37.00 to $48.00 and gave the company an outperform rating in a research report on Monday. Royal Bank of Canada increased their price target on Celestica from $38.00 to $47.00 and gave the stock an outperform rating in a research report on Monday. TD Securities raised their price target on Celestica from $33.00 to $40.00 and gave the company a buy rating in a research note on Wednesday, January 31st. Finally, StockNews.com lowered shares of Celestica from a buy rating to a hold rating in a research note on Wednesday, February 28th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average target price of $41.50.
View Our Latest Stock Analysis on CLS
Celestica Stock Up 0.5 %
Celestica (NYSE:CLS – Get Free Report) (TSE:CLS) last released its quarterly earnings results on Monday, January 29th. The technology company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.68 by $0.08. Celestica had a net margin of 3.86% and a return on equity of 18.21%. The business had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.08 billion. On average, research analysts expect that Celestica will post 2.59 earnings per share for the current 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.
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