Celestica (CLS) to Release Earnings on Wednesday

Celestica (NYSE:CLS) (TSE:CLS) is anticipated to issue its quarterly earnings data after the market closes on Wednesday, January 29th. Analysts expect the company to announce earnings of $1.04 per share and revenue of $2,512,747.10 billion for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Celestica Price Performance

NYSE CLS opened at $87.11 on Tuesday. The company has a quick ratio of 0.87, a current ratio of 1.47 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $10.14 billion, a PE ratio of 27.65 and a beta of 2.25. Celestica has a 12-month low of $31.82 and a 12-month high of $131.23. The company has a 50 day moving average price of $96.92 and a two-hundred day moving average price of $71.01.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. TD Cowen increased their target price on shares of Celestica from $68.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Royal Bank of Canada boosted their target price on Celestica from $75.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, January 8th. Canaccord Genuity Group increased their price target on Celestica from $77.00 to $110.00 and gave the company a “buy” rating in a report on Friday, December 20th. Barclays started coverage on shares of Celestica in a research note on Tuesday, November 5th. They issued an “overweight” rating and a $91.00 price objective for the company. Finally, Stifel Nicolaus raised their target price on shares of Celestica from $70.00 to $100.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, Celestica currently has a consensus rating of “Moderate Buy” and an average price target of $81.45.

Insider Transactions at Celestica

In related news, Director Michael Wilson sold 25,000 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $98.73, for a total value of $2,468,250.00. Following the completion of the transaction, the director now directly owns 1,784 shares in the company, valued at approximately $176,134.32. This represents a 93.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.00% of the company’s stock.

Celestica Company Profile

Celestica Inc provides 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, new product introduction, engineering services, 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.