Celestica (CLS) Scheduled to Post Quarterly Earnings on Wednesday

Celestica (NYSE:CLS – Get Rating) (TSE:CLS) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, January 25th. Analysts expect Celestica to post earnings of $0.53 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Celestica (NYSE:CLS – Get Rating) (TSE:CLS) last issued its quarterly earnings data on Monday, October 24th. The technology company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.08. The business had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.72 billion. Celestica had a net margin of 2.01% and a return on equity of 14.59%. 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. 373,398 shares of the company were exchanged, compared to its average volume of 420,897. The stock has a market capitalization of $1.62 billion, a P/E ratio of 12.11 and a beta of 2.01. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.43 and a quick ratio of 0.61. Celestica has a 12-month low of $8.21 and a 12-month high of $13.40. The firm’s 50 day moving average price is $11.48 and its 200-day moving average price is $10.59.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Celestica

A number of institutional investors have recently modified their holdings of CLS. Vanguard Group Inc. increased its stake in Celestica by 2.2% in the 3rd quarter. Vanguard Group Inc. now owns 3,535,515 shares of the technology company’s stock valued at $29,734,000 after buying an additional 77,778 shares during the period. Invesco Ltd. increased its stake in Celestica by 83.9% in the 1st quarter. Invesco Ltd. now owns 1,250,131 shares of the technology company’s stock valued at $14,890,000 after buying an additional 570,424 shares during the period. Millennium Management LLC increased its stake in Celestica by 14.2% in the 2nd quarter. Millennium Management LLC now owns 1,192,046 shares of the technology company’s stock valued at $11,587,000 after buying an additional 148,170 shares during the period. Dimensional Fund Advisors LP increased its stake in Celestica by 5.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 917,357 shares of the technology company’s stock valued at $7,715,000 after buying an additional 46,181 shares during the period. Finally, Citadel Advisors LLC increased its stake in Celestica by 49.1% in the 3rd quarter. Citadel Advisors LLC now owns 517,765 shares of the technology company’s stock valued at $4,355,000 after buying an additional 170,548 shares during the period. 56.26% of the stock is owned by institutional investors and hedge funds.

Celestica Company Profile

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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.