$0.12 Earnings Per Share Expected for Celestica Inc (NYSE:CLS) This Quarter

Equities analysts expect that Celestica Inc (NYSE:CLS) (TSE:CLS) will post earnings per share of $0.12 for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Celestica’s earnings. The highest EPS estimate is $0.13 and the lowest is $0.11. Celestica reported earnings of $0.29 per share in the same quarter last year, which would indicate a negative year over year growth rate of 58.6%. The firm is scheduled to report its next earnings results after the market closes on Wednesday, July 24th.

According to Zacks, analysts expect that Celestica will report full year earnings of $0.59 per share for the current year, with EPS estimates ranging from $0.50 to $0.67. For the next year, analysts anticipate that the company will post earnings of $0.85 per share, with EPS estimates ranging from $0.73 to $0.96. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that cover Celestica.

Celestica (NYSE:CLS) (TSE:CLS) last released its quarterly earnings results on Thursday, April 25th. The technology company reported $0.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.08. The business had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.50 billion. Celestica had a net margin of 2.67% and a return on equity of 13.21%. The business’s revenue was up 4.6% on a year-over-year basis. During the same period last year, the business earned $0.24 EPS.

A number of equities research analysts recently weighed in on the stock. Royal Bank of Canada set a $147.00 price target on shares of Ameriprise Financial and gave the company a “hold” rating in a report on Friday, April 26th. CIBC lowered shares of CGI from a “sector outperform” rating to a “neutral” rating in a report on Thursday, April 25th. Canaccord Genuity set a $107.00 price target on shares of Columbia Sportswear and gave the company a “hold” rating in a report on Friday, April 26th. Zacks Investment Research lowered shares of EXACT Sciences from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Finally, Beacon Securities lowered shares of Celestica from a “buy” rating to a “hold” rating in a report on Friday, April 26th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $9.11.

CLS traded up $0.10 during trading hours on Tuesday, reaching $6.67. 300,365 shares of the stock traded hands, compared to its average volume of 350,787. The business’s fifty day moving average price is $6.57. The firm has a market cap of $877.86 million, a P/E ratio of 9.53 and a beta of 0.81. Celestica has a fifty-two week low of $6.17 and a fifty-two week high of $12.59. The company has a current ratio of 1.81, a quick ratio of 1.08 and a debt-to-equity ratio of 0.49.

A number of hedge funds have recently made changes to their positions in CLS. Beutel Goodman & Co Ltd. acquired a new position in Celestica during the 1st quarter worth $56,000. Hennessy Advisors Inc. acquired a new position in Celestica during the 2nd quarter worth $80,000. Squarepoint Ops LLC acquired a new position in Celestica during the 4th quarter worth $91,000. Citigroup Inc. grew its holdings in Celestica by 10,347.4% during the 4th quarter. Citigroup Inc. now owns 12,119 shares of the technology company’s stock worth $106,000 after acquiring an additional 12,003 shares in the last quarter. Finally, Geode Capital Management LLC acquired a new position in Celestica during the 4th quarter worth $211,000. 66.98% of the stock is owned by institutional investors.

Celestica Company Profile

Celestica Inc provides design, manufacturing, hardware platform, and supply chain solutions in Canada and internationally. It operates through two segments, Advanced Technology Solutions, and Connectivity & Cloud Solutions. The company offers a range of services, including design and development, engineering, supply chain management, new product introduction, component sourcing, electronics manufacturing, assembly and test, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics, asset management, product licensing, and after-market repair and return services.

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