Celestica (CLS) Scheduled to Post Quarterly Earnings on Wednesday

Celestica (NYSE:CLSGet Rating) (TSE:CLS) will be announcing its earnings results after the market closes on Wednesday, January 25th. Analysts expect the company to announce earnings of $0.53 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Celestica (NYSE:CLSGet Rating) (TSE:CLS) last announced its earnings results on Monday, October 24th. The technology company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.08. Celestica had a return on equity of 14.59% and a net margin of 2.01%. The firm had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.72 billion. On average, analysts expect Celestica to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Celestica Stock Up 0.2 %

Shares of NYSE:CLS traded up $0.02 during trading on Tuesday, hitting $13.20. The stock had a trading volume of 373,398 shares, compared to its average volume of 420,897. Celestica has a 12 month low of $8.21 and a 12 month high of $13.40. The company has a market capitalization of $1.62 billion, a PE ratio of 12.11 and a beta of 2.01. The firm’s fifty day moving average is $11.48 and its 200 day moving average is $10.59. The company has a quick ratio of 0.61, a current ratio of 1.43 and a debt-to-equity ratio of 0.47.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on CLS shares. Citigroup increased their target price on Celestica from $10.00 to $12.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 26th. StockNews.com started coverage on Celestica in a research report on Wednesday, October 12th. They set a “strong-buy” rating for the company. Canaccord Genuity Group raised their price objective on Celestica from $14.00 to $15.00 and gave the company a “buy” rating in a research report on Wednesday, October 26th. TD Securities raised their price objective on Celestica from $11.00 to $13.00 and gave the company a “hold” rating in a research report on Wednesday, October 26th. Finally, Royal Bank of Canada raised their price objective on Celestica from $11.00 to $12.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 26th. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $13.14.

Institutional Trading of Celestica

A number of institutional investors and hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP increased its holdings in shares of Celestica by 0.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 797,114 shares of the technology company’s stock worth $9,494,000 after purchasing an additional 2,410 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in shares of Celestica by 16.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 17,709 shares of the technology company’s stock worth $172,000 after purchasing an additional 2,495 shares in the last quarter. UBS Group AG increased its holdings in shares of Celestica by 48.7% in the 1st quarter. UBS Group AG now owns 9,229 shares of the technology company’s stock worth $110,000 after purchasing an additional 3,022 shares in the last quarter. Great West Life Assurance Co. Can increased its holdings in shares of Celestica by 35.4% in the 1st quarter. Great West Life Assurance Co. Can now owns 12,536 shares of the technology company’s stock worth $158,000 after purchasing an additional 3,276 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Celestica by 25.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,014 shares of the technology company’s stock worth $165,000 after purchasing an additional 3,469 shares in the last quarter. Institutional investors own 56.26% of the company’s stock.

About Celestica

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Celestica Inc provides hardware platform and 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, engineering, supply chain management, new product introduction, 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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Earnings History for Celestica (NYSE:CLS)

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