Celestica (TSE:CLS) Posts Quarterly Earnings Results

Celestica (TSE:CLS) (NYSE:CLS) announced its quarterly earnings data on Monday. The company reported C$3.61 earnings per share for the quarter, FiscalAI reports. The firm had revenue of C$6.68 billion during the quarter. Celestica had a net margin of 6.95% and a return on equity of 47.41%.

Celestica Stock Up 4.5%

Shares of CLS stock traded up C$19.42 during trading hours on Monday, reaching C$449.49. 518,399 shares of the stock were exchanged, compared to its average volume of 480,886. The business’s fifty day moving average is C$508.30 and its two-hundred day moving average is C$460.29. The firm has a market capitalization of C$51.68 billion, a P/E ratio of 54.48, a P/E/G ratio of 0.14 and a beta of 1.64. Celestica has a 12-month low of C$231.00 and a 12-month high of C$655.50. The company has a debt-to-equity ratio of 36.81, a current ratio of 1.26 and a quick ratio of 0.54.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on CLS shares. TD Securities upgraded shares of Celestica from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 29th. Susquehanna raised Celestica to a “strong-buy” rating in a research report on Wednesday, April 1st. Finally, TD upgraded Celestica from a “hold” rating to a “buy” rating and increased their price objective for the company from C$350.00 to C$430.00 in a research note on Wednesday, April 29th. Five investment analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. According to MarketBeat.com, Celestica presently has an average rating of “Strong Buy” and an average target price of C$367.50.

About Celestica

Celestica Inc offers supply chain solutions. The firm operates in two segments: Advanced Technology Solutions (ATS) and Connectivity & Cloud Solutions (CCS). ATS segment consists of the ATS end market and is comprised of A&D, Industrial, Energy, HealthTech, and Capital Equipment businesses. Capital Equipment business is comprised of our semiconductor, display, and power & signal distribution equipment businesses. CCS segment that derives majority revenue consists of Communications and Enterprise end markets.