Zacks: Brokerages Expect Celestica Inc (CLS) Will Announce Earnings of $0.31 Per Share

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Equities analysts expect Celestica Inc (NYSE:CLS) (TSE:CLS) to announce earnings of $0.31 per share for the current quarter, according to Zacks. Two analysts have made estimates for Celestica’s earnings, with the highest EPS estimate coming in at $0.31 and the lowest estimate coming in at $0.30. Celestica posted earnings of $0.27 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 14.8%. The business is scheduled to report its next quarterly earnings report on Wednesday, January 23rd.

On average, analysts expect that Celestica will report full year earnings of $1.09 per share for the current financial year, with EPS estimates ranging from $1.08 to $1.09. For the next fiscal year, analysts expect that the firm will post earnings of $1.20 per share, with EPS estimates ranging from $1.17 to $1.24. Zacks’ earnings per share averages are an average based on a survey of analysts that that provide coverage for Celestica.

Celestica (NYSE:CLS) (TSE:CLS) last released its earnings results on Wednesday, October 24th. The technology company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.12 by $0.14. Celestica had a net margin of 0.82% and a return on equity of 4.03%. The firm had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.69 billion.

Several equities analysts have recently commented on the stock. TD Securities boosted their target price on shares of Celestica from $11.00 to $12.00 and gave the stock a “hold” rating in a report on Wednesday, August 1st. Beacon Securities downgraded shares of Celestica from a “buy” rating to a “hold” rating in a report on Wednesday, July 25th. BMO Capital Markets set a $12.00 target price on shares of Celestica and gave the stock a “hold” rating in a report on Wednesday, October 24th. Zacks Investment Research downgraded shares of Celestica from a “hold” rating to a “sell” rating in a report on Tuesday, October 30th. Finally, Macquarie raised shares of Celestica from a “neutral” rating to an “outperform” rating in a report on Wednesday, October 10th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. Celestica currently has an average rating of “Hold” and a consensus price target of $12.40.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Engine Capital Management LP increased its position in Celestica by 1.2% in the second quarter. Engine Capital Management LP now owns 396,300 shares of the technology company’s stock worth $4,704,000 after purchasing an additional 4,700 shares during the last quarter. CLARET ASSET MANAGEMENT Corp increased its position in Celestica by 21.3% during the third quarter. CLARET ASSET MANAGEMENT Corp now owns 35,751 shares of the technology company’s stock valued at $387,000 after acquiring an additional 6,286 shares during the last quarter. Goodman Financial Corp increased its position in Celestica by 2.6% during the second quarter. Goodman Financial Corp now owns 300,500 shares of the technology company’s stock valued at $3,567,000 after acquiring an additional 7,505 shares during the last quarter. Northern Trust Corp bought a new position in Celestica during the first quarter valued at $104,000. Finally, Fox Run Management L.L.C. bought a new position in Celestica during the second quarter valued at $140,000. Institutional investors own 65.56% of the company’s stock.

Shares of CLS stock traded down $0.39 during mid-day trading on Monday, hitting $10.31. The company had a trading volume of 293,540 shares, compared to its average volume of 793,279. Celestica has a 52-week low of $9.10 and a 52-week high of $12.59. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.10 and a current ratio of 1.79. The company has a market capitalization of $1.46 billion, a PE ratio of 14.32, a price-to-earnings-growth ratio of 6.73 and a beta of 0.59.

Celestica Company Profile

Celestica Inc provides design, manufacturing, hardware platform, and supply chain solutions in Canada and internationally. The company offers a range of services, including design and development, engineering, supply chain management, new product introduction, component sourcing, electronics manufacturing, assembly and test, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics, and after-market repair and return services.

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