Celestica (TSE:CLS) Issues Quarterly Earnings Results

Celestica (TSE:CLS) (NYSE:CLS) issued its quarterly earnings results on Wednesday. The company reported C$2.59 earnings per share for the quarter, FiscalAI reports. The business had revenue of C$5.02 billion during the quarter. Celestica had a net margin of 4.08% and a return on equity of 21.24%.

Celestica Trading Down 15.2%

TSE CLS traded down C$70.90 on Thursday, reaching C$396.22. The company had a trading volume of 571,404 shares, compared to its average volume of 540,000. The business has a 50 day moving average of C$430.16 and a two-hundred day moving average of C$368.18. The company has a debt-to-equity ratio of 51.72, a current ratio of 1.47 and a quick ratio of 0.54. The firm has a market cap of C$45.58 billion, a price-to-earnings ratio of 64.43, a P/E/G ratio of 0.14 and a beta of 1.43. Celestica has a fifty-two week low of C$82.66 and a fifty-two week high of C$512.83.

Analysts Set New Price Targets

Several equities research analysts have commented on CLS shares. The Goldman Sachs Group raised shares of Celestica to a “strong-buy” rating in a research note on Thursday, October 16th. TD Securities upgraded shares of Celestica to a “hold” rating in a research note on Wednesday, January 21st. Finally, Citigroup upgraded Celestica from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 10th. Five analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Strong Buy” and a consensus price target of C$171.50.

Celestica Company Profile

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.