Insider Selling: Celestica Inc. (TSE:CLS) Senior Officer Sells C$1,035,092.00 in Stock

Celestica Inc. (TSE:CLS) (NYSE:CLS) Senior Officer Jason Phillips sold 20,000 shares of the stock in a transaction dated Friday, May 17th. The stock was sold at an average price of C$51.75, for a total transaction of C$1,035,092.00.

Celestica Price Performance

Shares of Celestica stock opened at C$76.07 on Friday. The company has a quick ratio of 0.54, a current ratio of 1.42 and a debt-to-equity ratio of 48.65. Celestica Inc. has a twelve month low of C$15.12 and a twelve month high of C$78.25. The business has a 50-day moving average price of C$63.66 and a 200 day moving average price of C$50.80. The firm has a market cap of C$9.04 billion, a PE ratio of 20.90, a P/E/G ratio of 0.14 and a beta of 2.35.

Celestica (TSE:CLS) (NYSE:CLS) last announced its quarterly earnings results on Wednesday, April 24th. The company reported C$0.90 earnings per share for the quarter, beating the consensus estimate of C$0.86 by C$0.04. Celestica had a return on equity of 19.10% and a net margin of 3.86%. The firm had revenue of C$2.98 billion during the quarter, compared to analyst estimates of C$2.83 billion. Sell-side analysts predict that Celestica Inc. will post 4.5426908 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, CIBC lowered Celestica from an “outperform” rating to a “neutral” rating and lifted their price target for the company from C$41.00 to C$49.00 in a research note on Friday, April 26th.

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.