Celestica (TSE:CLS) Issues Quarterly Earnings Results

Celestica (TSE:CLS) (NYSE:CLS) released its earnings results on Wednesday. The company reported C$2.59 EPS for the quarter, FiscalAI reports. Celestica had a net margin of 4.08% and a return on equity of 21.24%. The company had revenue of C$5.02 billion for the quarter.

Celestica Stock Down 13.5%

CLS opened at C$403.89 on Friday. The company has a market capitalization of C$46.46 billion, a PE ratio of 65.67, a price-to-earnings-growth ratio of 0.14 and a beta of 1.43. The firm has a 50-day simple moving average of C$430.28 and a two-hundred day simple moving average of C$368.43. The company has a quick ratio of 0.54, a current ratio of 1.47 and a debt-to-equity ratio of 51.72. Celestica has a 52 week low of C$82.66 and a 52 week high of C$512.83.

Wall Street Analyst Weigh In

CLS has been the subject of a number of analyst reports. The Goldman Sachs Group raised shares of Celestica to a “strong-buy” rating in a research note on Thursday, October 16th. Citigroup raised shares of Celestica from a “hold” rating to a “strong-buy” rating in a report on Monday, November 10th. Finally, TD Securities raised Celestica to a “hold” rating in a report on Wednesday, January 21st. Five research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Strong Buy” and an average target price of C$183.00.

About Celestica

Celestica Inc offers supply chain solutions. The firm operates in two segments: Advanced Technology Solutions (ATS) and Connectivity & Cloud Solutions (CCS). ATS segment consists of the ATS end market and is comprised of A&D, Industrial, Energy, HealthTech, and Capital Equipment businesses. Capital Equipment business is comprised of our semiconductor, display, and power & signal distribution equipment businesses. CCS segment that derives majority revenue consists of Communications and Enterprise end markets.