Celestica (CLS) to Release Quarterly Earnings on Wednesday

Celestica (TSE:CLS) (NYSE:CLS) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, July 24th. Analysts expect Celestica to post earnings of C$0.96 per share for the quarter.

Celestica (TSE:CLS) (NYSE:CLS) last announced its quarterly earnings data on Wednesday, April 24th. The company reported C$0.90 earnings per share for the quarter, topping the consensus estimate of C$0.86 by C$0.04. The company had revenue of C$2.98 billion during the quarter, compared to analyst estimates of C$2.83 billion. Celestica had a net margin of 3.86% and a return on equity of 19.10%.

Celestica Price Performance

CLS opened at C$78.28 on Tuesday. The company has a market capitalization of C$9.30 billion, a P/E ratio of 21.21, a PEG ratio of 0.14 and a beta of 2.35. The company has a 50-day moving average of C$77.12 and a 200-day moving average of C$63.08. The company has a debt-to-equity ratio of 48.65, a quick ratio of 0.54 and a current ratio of 1.42. Celestica has a 1-year low of C$21.05 and a 1-year high of C$86.89.

Insider Activity at Celestica

In other Celestica news, Senior Officer Todd Christopher Cooper sold 22,500 shares of Celestica stock in a transaction on Friday, May 31st. The shares were sold at an average price of C$55.33, for a total value of C$1,244,925.00. In other news, Senior Officer Jason Phillips sold 20,000 shares of the company’s stock in a transaction that occurred on 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. Also, Senior Officer Todd Christopher Cooper sold 22,500 shares of the firm’s stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of C$55.33, for a total value of C$1,244,925.00. In the last ninety days, insiders have sold 68,700 shares of company stock valued at $3,983,829. Corporate insiders own 0.99% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Celestica Company Profile

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.