Analysts forecast that Celestica Inc (NYSE:CLS) (TSE:CLS) will report $0.30 earnings per share (EPS) for the current quarter, Zacks reports. Two analysts have issued estimates for Celestica’s earnings, with the lowest EPS estimate coming in at $0.29 and the highest estimate coming in at $0.30. Celestica posted earnings of $0.31 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 3.2%. The business is scheduled to issue its next quarterly earnings report on Thursday, October 25th.

On average, analysts expect that Celestica will report full year earnings of $1.14 per share for the current year, with EPS estimates ranging from $1.12 to $1.15. For the next fiscal year, analysts forecast that the firm will post earnings of $1.31 per share, with EPS estimates ranging from $1.28 to $1.34. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that cover Celestica.

Celestica (NYSE:CLS) (TSE:CLS) last released its quarterly earnings data on Tuesday, July 31st. The technology company reported $0.11 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.05). Celestica had a net margin of 1.24% and a return on equity of 5.83%. The firm had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.61 billion. During the same period last year, the business earned $0.32 EPS. The company’s revenue was up 8.8% compared to the same quarter last year.

Several research firms recently weighed in on CLS. TD Securities raised their price objective on Celestica from $11.00 to $12.00 and gave the company a “hold” rating in a report on Wednesday, August 1st. Zacks Investment Research raised Celestica from a “sell” rating to a “hold” rating in a research report on Wednesday, June 27th. Beacon Securities lowered Celestica from a “buy” rating to a “hold” rating in a research report on Wednesday, July 25th. Royal Bank of Canada raised their target price on Celestica from $11.00 to $12.00 and gave the stock a “sector perform” rating in a research report on Monday, April 30th. Finally, TheStreet raised Celestica from a “c+” rating to a “b-” rating in a research report on Monday, May 7th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $12.50.

A number of large investors have recently made changes to their positions in CLS. Geode Capital Management LLC raised its position in Celestica by 62.5% during the 4th quarter. Geode Capital Management LLC now owns 143,519 shares of the technology company’s stock worth $1,503,000 after purchasing an additional 55,200 shares during the last quarter. Balter Liquid Alternatives LLC raised its position in shares of Celestica by 65.2% in the 1st quarter. Balter Liquid Alternatives LLC now owns 49,192 shares of the technology company’s stock worth $509,000 after acquiring an additional 19,406 shares in the last quarter. Swiss National Bank raised its position in shares of Celestica by 5.3% in the 1st quarter. Swiss National Bank now owns 224,600 shares of the technology company’s stock worth $2,321,000 after acquiring an additional 11,300 shares in the last quarter. Goodman Financial Corp raised its position in shares of Celestica by 2.6% in the 1st quarter. Goodman Financial Corp now owns 292,995 shares of the technology company’s stock worth $3,032,000 after acquiring an additional 7,420 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC raised its position in shares of Celestica by 14.9% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 734,403 shares of the technology company’s stock worth $7,594,000 after acquiring an additional 95,141 shares in the last quarter. 74.12% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE CLS traded down $0.03 during mid-day trading on Wednesday, hitting $12.26. 205,887 shares of the stock traded hands, compared to its average volume of 347,173. The company has a quick ratio of 1.16, a current ratio of 1.87 and a debt-to-equity ratio of 0.27. Celestica has a twelve month low of $9.79 and a twelve month high of $12.76. The company has a market cap of $1.51 billion, a price-to-earnings ratio of 17.03 and a beta of 0.53.

Celestica Company Profile

Celestica Inc provides design, manufacturing, hardware platform, and supply chain solutions in Canada and internationally. 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, and after-market repair and return services.

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