Celestica (NYSE:CLS) Releases FY25 Earnings Guidance

Celestica (NYSE:CLS) (TSE:CLS) updated its FY25 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $4.42 for the period, compared to the consensus estimate of $4.07. The company issued revenue guidance of $10.40 billion, compared to the consensus revenue estimate of $10.41 billion. Celestica also updated its FY 2024 guidance to 3.850-3.850 EPS.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Stifel Nicolaus lifted their price target on Celestica from $58.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday. StockNews.com cut Celestica from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. BMO Capital Markets raised their price objective on shares of Celestica from $64.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday. Canaccord Genuity Group raised their price objective on shares of Celestica from $53.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, Royal Bank of Canada raised their price objective on shares of Celestica from $65.00 to $75.00 and gave the stock an “outperform” rating in a research report on Thursday. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Celestica presently has a consensus rating of “Moderate Buy” and an average price target of $66.67.

Celestica Price Performance

Shares of NYSE CLS traded up $1.33 during midday trading on Friday, reaching $69.27. 2,060,356 shares of the company were exchanged, compared to its average volume of 2,263,728. The company has a quick ratio of 0.86, a current ratio of 1.47 and a debt-to-equity ratio of 0.49. Celestica has a one year low of $20.87 and a one year high of $70.07. The stock has a market cap of $8.23 billion, a P/E ratio of 25.34 and a beta of 2.28. The stock’s 50-day moving average price is $52.13 and its 200-day moving average price is $52.13.

Celestica (NYSE:CLS) (TSE:CLS) last issued its quarterly earnings data on Wednesday, October 23rd. The technology company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.11. Celestica had a net margin of 4.16% and a return on equity of 19.96%. The company had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.41 billion. During the same quarter in the previous year, the firm posted $0.65 earnings per share. Celestica’s revenue for the quarter was up 24.8% on a year-over-year basis. On average, sell-side analysts anticipate that Celestica will post 3.22 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.