Equities research analysts predict that Celestica Inc (NYSE:CLS) (TSE:CLS) will announce $0.12 earnings per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Celestica’s earnings, with the highest EPS estimate coming in at $0.13 and the lowest estimate coming in at $0.11. Celestica posted earnings per share of $0.29 in the same quarter last year, which would suggest a negative year-over-year growth rate of 58.6%. The business is scheduled to issue its next quarterly earnings results on Tuesday, July 30th.

According to Zacks, analysts expect that Celestica will report full year earnings of $0.59 per share for the current year, with EPS estimates ranging from $0.50 to $0.67. For the next year, analysts forecast that the business will post earnings of $0.85 per share, with EPS estimates ranging from $0.73 to $0.96. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that follow Celestica.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings results on Thursday, April 25th. The technology company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.04 by $0.08. Celestica had a net margin of 2.67% and a return on equity of 13.21%. The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter last year, the business earned $0.24 earnings per share. Celestica’s revenue was up 4.6% compared to the same quarter last year.

Several research analysts have recently weighed in on CLS shares. Zacks Investment Research upgraded shares of Celestica from a “hold” rating to a “buy” rating and set a $9.75 price target for the company in a report on Tuesday, April 9th. Canaccord Genuity reiterated a “buy” rating and issued a $11.00 price target on shares of Celestica in a report on Tuesday, February 5th. Beacon Securities cut shares of Celestica from a “buy” rating to a “hold” rating and reduced their price target for the company from $10.50 to $9.00 in a report on Friday, April 26th. TD Securities reduced their price target on shares of Celestica from $10.00 to $8.00 and set a “hold” rating for the company in a report on Friday, April 26th. Finally, CIBC cut shares of Celestica from an “outperform” rating to a “neutral” rating in a report on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating and nine have given a hold rating to the company. Celestica presently has an average rating of “Hold” and a consensus price target of $9.39.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. CLARET ASSET MANAGEMENT Corp boosted its holdings in Celestica by 5.9% during the first quarter. CLARET ASSET MANAGEMENT Corp now owns 38,842 shares of the technology company’s stock worth $328,000 after purchasing an additional 2,161 shares during the last quarter. Goodman Financial Corp boosted its holdings in Celestica by 0.7% during the fourth quarter. Goodman Financial Corp now owns 302,745 shares of the technology company’s stock worth $2,655,000 after purchasing an additional 2,240 shares during the last quarter. HCR Wealth Advisors acquired a new position in Celestica during the first quarter worth $358,000. Citigroup Inc. boosted its holdings in Celestica by 48.5% during the first quarter. Citigroup Inc. now owns 18,000 shares of the technology company’s stock worth $152,000 after purchasing an additional 5,881 shares during the last quarter. Finally, Bank of Montreal Can boosted its holdings in Celestica by 2.7% during the fourth quarter. Bank of Montreal Can now owns 253,995 shares of the technology company’s stock worth $2,227,000 after purchasing an additional 6,652 shares during the last quarter. Institutional investors and hedge funds own 64.50% of the company’s stock.

Shares of NYSE:CLS traded up $0.01 during trading hours on Friday, hitting $6.29. The stock had a trading volume of 2,796 shares, compared to its average volume of 390,996. Celestica has a 1-year low of $6.22 and a 1-year high of $12.59. The firm has a market capitalization of $858.34 million, a P/E ratio of 9.04 and a beta of 0.78. The company has a current ratio of 1.81, a quick ratio of 1.08 and a debt-to-equity ratio of 0.49.

Celestica Company Profile

Celestica Inc provides design, manufacturing, hardware platform, and supply chain solutions in Canada and internationally. It operates through two segments, Advanced Technology Solutions, and Connectivity & Cloud Solutions. 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, asset management, product licensing, and after-market repair and return services.

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