Wall Street brokerages forecast that Celestica, Inc. (NYSE:CLS) (TSE:CLS) will announce $1.53 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Celestica’s earnings. The highest sales estimate is $1.55 billion and the lowest is $1.50 billion. Celestica reported sales of $1.49 billion in the same quarter last year, which would suggest a positive year over year growth rate of 2.7%. The firm is scheduled to report its next earnings report on Thursday, July 20th.
On average, analysts expect that Celestica will report full year sales of $1.53 billion for the current financial year, with estimates ranging from $6.22 billion to $6.27 billion. For the next fiscal year, analysts anticipate that the business will report sales of $6.47 billion per share, with estimates ranging from $6.39 billion to $6.55 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover Celestica.
Celestica (NYSE:CLS) (TSE:CLS) last posted its quarterly earnings data on Thursday, April 20th. The technology company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.01. The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.45 billion. Celestica had a net margin of 2.18% and a return on equity of 14.14%. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.26 earnings per share.
Several brokerages have recently commented on CLS. BidaskClub cut Celestica from a “hold” rating to a “sell” rating in a report on Saturday. Bank of America Corporation began coverage on Celestica in a report on Thursday. They set a “neutral” rating and a $15.50 target price on the stock. Citigroup Inc. upgraded Celestica from a “sell” rating to a “neutral” rating and increased their target price for the stock from $11.50 to $15.00 in a report on Thursday, April 6th. Royal Bank Of Canada restated a “sector perform” rating and set a $15.00 target price (up previously from $13.00) on shares of Celestica in a report on Sunday, April 23rd. Finally, Scotiabank restated a “sector perform” rating and set a $15.00 target price on shares of Celestica in a report on Friday, April 21st. One analyst has rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company’s stock. Celestica currently has a consensus rating of “Hold” and an average price target of $14.16.
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Celestica (CLS) traded down 0.73% during midday trading on Friday, reaching $13.59. 286,374 shares of the company traded hands. Celestica has a 12-month low of $8.83 and a 12-month high of $14.74. The company has a market cap of $1.94 billion, a price-to-earnings ratio of 14.61 and a beta of 0.67. The company has a 50-day moving average price of $13.91 and a 200-day moving average price of $13.41.
Institutional investors have recently bought and sold shares of the stock. Guardian Capital LP purchased a new position in Celestica during the fourth quarter valued at about $1,322,000. Numeric Investors LLC boosted its position in Celestica by 487.7% in the fourth quarter. Numeric Investors LLC now owns 114,600 shares of the technology company’s stock valued at $1,360,000 after buying an additional 95,100 shares in the last quarter. Foundry Partners LLC boosted its position in Celestica by 13.6% in the first quarter. Foundry Partners LLC now owns 561,561 shares of the technology company’s stock valued at $8,159,000 after buying an additional 67,054 shares in the last quarter. Acadian Asset Management LLC boosted its position in Celestica by 2.4% in the first quarter. Acadian Asset Management LLC now owns 2,741,936 shares of the technology company’s stock valued at $39,761,000 after buying an additional 64,900 shares in the last quarter. Finally, Bank of Montreal Can boosted its position in Celestica by 47.0% in the first quarter. Bank of Montreal Can now owns 256,832 shares of the technology company’s stock valued at $3,732,000 after buying an additional 82,097 shares in the last quarter. Institutional investors and hedge funds own 61.48% of the company’s stock.
Celestica Inc is a provider of supply chain solutions. The Company operates in electronics manufacturing services business segment. The Company offers a range of services to its customers, including design and development, engineering services, supply chain management, new product introduction, component sourcing, electronics manufacturing, assembly and test, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics and after-market repair and return services.
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