Celestica (TSE:CLS) Announces Earnings Results

Celestica (TSE:CLS) (NYSE:CLS) announced its earnings results on Monday. The company reported C$4.70 EPS for the quarter, FiscalAI reports. Celestica had a net margin of 7.16% and a return on equity of 50.64%. The firm had revenue of C$8.30 billion for the quarter.

Celestica Stock Down 4.8%

Celestica stock traded down C$17.43 during midday trading on Monday, reaching C$346.97. The stock had a trading volume of 709,842 shares, compared to its average volume of 474,724. The stock has a market capitalization of C$43.76 billion, a P/E ratio of 36.03, a price-to-earnings-growth ratio of 0.14 and a beta of 1.36. The firm’s fifty day simple moving average is C$461.05 and its 200-day simple moving average is C$489.83. The company has a debt-to-equity ratio of 32.68, a quick ratio of 0.54 and a current ratio of 1.23. Celestica has a 1-year low of C$330.79 and a 1-year high of C$655.50.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on CLS shares. Scotiabank raised shares of Celestica to a “strong-buy” rating in a research report on Tuesday, August 11th. UBS Group upgraded shares of Celestica from a “hold” rating to a “buy” rating and set a C$430.00 price objective on the stock in a report on Monday, August 24th. Sanford C. Bernstein raised shares of Celestica to a “strong-buy” rating in a research report on Wednesday, September 30th. Finally, FBN Securities raised shares of Celestica to a “strong-buy” rating in a research note on Tuesday, September 15th. Seven equities research analysts have rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Strong Buy” and an average target price of C$388.33.

About Celestica

Celestica is a technology leader dedicated to driving customer success and market advancements. With deep expertise in design, engineering, manufacturing, supply chain, and platform solutions, Celestica enables critical data center infrastructure for AI, cloud and hybrid cloud, and advances technologies in high-growth markets. With a talented team and a strategic global network, Celestica helps its customers achieve competitive advantages.