Celestica (CLS) Set to Announce Quarterly Earnings on Wednesday

Celestica (NYSE:CLS) (TSE:CLS) is set to issue its quarterly earnings data after the market closes on Wednesday, July 24th. Analysts expect the company to announce earnings of $0.70 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Celestica (NYSE:CLS) (TSE:CLS) last posted its quarterly earnings data on Wednesday, April 24th. The technology company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.02. The company had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.10 billion. Celestica had a return on equity of 18.25% and a net margin of 3.86%. On average, analysts expect Celestica to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Celestica Price Performance

NYSE:CLS opened at $56.91 on Tuesday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.78 and a current ratio of 1.42. The stock has a fifty day moving average of $56.39 and a 200 day moving average of $46.34. Celestica has a 52-week low of $15.98 and a 52-week high of $63.49. The firm has a market capitalization of $6.76 billion, a price-to-earnings ratio of 21.24 and a beta of 2.31.

Analysts Set New Price Targets

Several brokerages have issued reports on CLS. Royal Bank of Canada lifted their price target on Celestica from $53.00 to $63.00 and gave the stock an “outperform” rating in a research note on Monday. Canaccord Genuity Group lifted their price target on Celestica from $48.00 to $53.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. StockNews.com lowered Celestica from a “buy” rating to a “hold” rating in a research note on Friday, May 24th. CIBC lifted their price target on Celestica from $49.00 to $58.00 and gave the stock a “neutral” rating in a research note on Monday, May 27th. Finally, Fox Advisors initiated coverage on Celestica in a research note on Wednesday, May 15th. They set an “overweight” rating and a $60.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $48.33.

About Celestica

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.