Celestica (NYSE:CLS – Get Free Report) (TSE:CLS) issued an update on its fourth quarter earnings guidance on Wednesday morning. The company provided EPS guidance of $0.99-$1.09 for the period, compared to the consensus EPS estimate of $0.95. The company issued revenue guidance of $2.425-$2.575 billion, compared to the consensus revenue estimate of $2.45 billion. Celestica also updated its FY 2024 guidance to 3.850-3.850 EPS.
Celestica Price Performance
CLS traded up $1.33 during trading on Friday, reaching $69.27. 2,060,356 shares of the stock were exchanged, compared to its average volume of 2,263,728. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.86. Celestica has a 1 year low of $20.87 and a 1 year high of $70.07. The business’s 50 day moving average price is $52.13 and its two-hundred day moving average price is $52.13. The company has a market capitalization of $8.23 billion, a price-to-earnings ratio of 25.34 and a beta of 2.28.
Celestica (NYSE:CLS – Get Free Report) (TSE:CLS) last issued its quarterly earnings data on Wednesday, October 23rd. The technology company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.11. The business had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.41 billion. Celestica had a return on equity of 19.96% and a net margin of 4.16%. The business’s revenue was up 24.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.65 earnings per share. As a group, equities research analysts anticipate that Celestica will post 3.22 earnings per share for the current year.
Analyst Upgrades and Downgrades
Check Out Our Latest Stock Analysis on CLS
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.
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