Celestica (NYSE:CLS) Issues Q4 2024 Earnings Guidance

Celestica (NYSE:CLS) (TSE:CLS) issued an update on its fourth quarter 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 0.990-1.090 for the period, compared to the consensus earnings per share estimate of 0.950. The company issued revenue guidance of $2.4 billion-$2.6 billion, compared to the consensus revenue estimate of $2.5 billion. Celestica also updated its FY 2024 guidance to 3.850-3.850 EPS.

Analysts Set New Price Targets

Several analysts recently commented on CLS shares. TD Securities increased their price target on Celestica from $61.00 to $68.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. StockNews.com lowered Celestica from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. Royal Bank of Canada raised their price objective on Celestica from $53.00 to $63.00 and gave the company an “outperform” rating in a research note on Monday, July 22nd. Canaccord Genuity Group upped their target price on Celestica from $53.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, Stifel Nicolaus raised shares of Celestica from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a research report on Monday, September 9th. 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, the company has an average rating of “Moderate Buy” and a consensus target price of $61.88.

Celestica Price Performance

Shares of Celestica stock traded up $1.46 on Wednesday, hitting $57.46. 3,462,220 shares of the company traded hands, compared to its average volume of 2,238,517. The firm’s 50-day simple moving average is $51.78 and its 200 day simple moving average is $51.99. Celestica has a 12-month low of $20.87 and a 12-month high of $64.56. The company has a current ratio of 1.47, a quick ratio of 0.86 and a debt-to-equity ratio of 0.49. The company has a market cap of $6.83 billion, a P/E ratio of 20.89 and a beta of 2.28.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings data on Wednesday, July 24th. The technology company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.10. Celestica had a return on equity of 19.96% and a net margin of 4.16%. The firm had revenue of $2.39 billion for the quarter, compared to analysts’ expectations of $2.25 billion. During the same period last year, the firm earned $0.55 earnings per share. The company’s revenue for the quarter was up 23.3% compared to the same quarter last year. Analysts expect that Celestica will post 3.22 earnings per share for the current fiscal year.

About Celestica

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.