Celestica (NYSE:CLS) Issues FY25 Earnings Guidance

by · The Cerbat Gem

Celestica (NYSE:CLS – Get Free Report) (TSE:CLS) updated its FY25 earnings guidance on Wednesday. The company provided EPS guidance of $4.42 for the period, compared to the consensus EPS estimate of $4.07. The company issued revenue guidance of $10.40 billion, compared to the consensus revenue estimate of $10.41 billion. Celestica also updated its FY 2024 guidance to 3.850-3.850 EPS.

Analyst Ratings Changes

Several research analysts have commented on CLS shares. StockNews.com downgraded shares of Celestica from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. TD Securities increased their target price on shares of Celestica from $68.00 to $70.00 and gave the company a “buy” rating in a report on Thursday. TD Cowen lifted their price target on Celestica from $68.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday. Royal Bank of Canada upped their price objective on shares of Celestica from $65.00 to $75.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, BMO Capital Markets upped their target price on Celestica from $64.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Celestica has a consensus rating of “Moderate Buy” and an average target price of $66.67.

Check Out Our Latest Analysis on Celestica

Celestica Price Performance

CLS opened at $69.38 on Friday. The stock has a market cap of $8.24 billion, a P/E ratio of 25.89 and a beta of 2.28. Celestica has a 52-week low of $20.87 and a 52-week high of $70.07. The business has a fifty day moving average of $52.42 and a 200 day moving average of $52.27. The company has a quick ratio of 0.86, a current ratio of 1.47 and a debt-to-equity ratio of 0.49.

Celestica (NYSE:CLS – Get Free Report) (TSE:CLS) last announced its earnings results on Wednesday, October 23rd. The technology company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.11. The business had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.41 billion. Celestica had a return on equity of 19.96% and a net margin of 4.16%. The business’s revenue for the quarter was up 24.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.65 EPS. As a group, sell-side analysts anticipate that Celestica will post 3.22 EPS for the current year.

About Celestica

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Celestica Inc provides supply chain solutions in North America, Europe, and Asia. It operates through two segments: Advanced Technology Solutions, and Connectivity & Cloud Solutions. The company offers a range of product manufacturing and related supply chain services, including design and development, new product introduction, engineering services, component sourcing, electronics manufacturing and assembly, testing, 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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