Celestica (NYSE:CLS) Posts Quarterly Earnings Results, Beats Estimates By $0.12 EPS

Celestica (NYSE:CLS) (TSE:CLS) posted its quarterly earnings data on Monday. The technology company reported $2.41 EPS for the quarter, beating the consensus estimate of $2.29 by $0.12, Zacks reports. Celestica had a net margin of 6.95% and a return on equity of 36.91%. Celestica updated its FY 2026 guidance to 11.300-11.300 EPS and its Q3 2026 guidance to 2.880-3.080 EPS.

Celestica Stock Up 5.2%

Shares of CLS stock traded up $15.78 during trading hours on Monday, reaching $321.06. 4,554,507 shares of the stock were exchanged, compared to its average volume of 2,339,658. The business’s fifty day moving average is $362.06 and its two-hundred day moving average is $332.50. The firm has a market capitalization of $36.91 billion, a P/E ratio of 38.82, a P/E/G ratio of 0.71 and a beta of 2.05. Celestica has a 12-month low of $169.19 and a 12-month high of $474.02. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 0.73.

Analyst Ratings Changes

A number of research firms have issued reports on CLS. Stifel Nicolaus set a $445.00 target price on shares of Celestica in a report on Tuesday, April 28th. Bank of America boosted their price target on shares of Celestica from $400.00 to $430.00 and gave the stock a “buy” rating in a research note on Monday, April 20th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating and set a $480.00 price objective on shares of Celestica in a research report on Wednesday, April 29th. TD Securities upgraded Celestica from a “hold” rating to a “buy” rating and set a $430.00 price objective on the stock in a research note on Wednesday, April 29th. Finally, TD lifted their target price on Celestica from $330.00 to $350.00 and gave the company a “hold” rating in a report on Monday, April 20th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $427.42.

Insider Buying and Selling

In other Celestica news, Director Michael Max Wilson sold 4,168 shares of the stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $333.31, for a total value of $1,389,236.08. Following the sale, the director directly owned 24,718 shares of the company’s stock, valued at approximately $8,238,756.58. This represents a 14.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Robert Mionis sold 66,056 shares of the firm’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $400.06, for a total transaction of $26,426,363.36. Following the completion of the sale, the chief executive officer owned 134,328 shares in the company, valued at $53,739,259.68. The trade was a 32.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 161,168 shares of company stock worth $63,190,485 over the last 90 days. 1.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Celestica

A number of institutional investors and hedge funds have recently modified their holdings of CLS. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Celestica in the fourth quarter valued at $28,000. Swiss RE Ltd. acquired a new stake in Celestica in the fourth quarter valued at $29,000. Northwestern Mutual Wealth Management Co. lifted its holdings in Celestica by 117.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 137 shares of the technology company’s stock worth $40,000 after buying an additional 74 shares during the last quarter. Wilmington Savings Fund Society FSB lifted its holdings in Celestica by 1,015.4% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 145 shares of the technology company’s stock worth $43,000 after buying an additional 132 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its position in shares of Celestica by 1,015.4% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 145 shares of the technology company’s stock worth $43,000 after acquiring an additional 132 shares in the last quarter. Institutional investors and hedge funds own 67.38% of the company’s stock.

About Celestica

Celestica Inc is a multinational electronics manufacturing services (EMS) company that provides design, engineering, manufacturing and supply chain solutions to original equipment manufacturers across a range of industries. Headquartered in Toronto, Ontario, Canada, Celestica works with customers to develop and produce complex electronic and electro-mechanical products, integrating activities from product design and prototyping through high-volume assembly, testing and final system integration.

The company’s service offering typically includes product engineering and design support, printed circuit board assembly, box-build and systems assembly, automated test and inspection, aftermarket repair and refurbishment, and end-to-end supply chain and logistics management.