Celestica (TSE:CLS) Announces Earnings Results

Celestica (TSE:CLS) (NYSE:CLS) released its quarterly earnings results on Wednesday. The company reported C$2.59 earnings per share for the quarter, FiscalAI reports. The firm had revenue of C$5.02 billion during the quarter. Celestica had a return on equity of 21.24% and a net margin of 4.08%.

Celestica Trading Down 14.3%

CLS stock traded down C$66.77 during midday trading on Thursday, reaching C$400.35. The company’s stock had a trading volume of 717,874 shares, compared to its average volume of 543,559. The business’s 50-day simple moving average is C$430.16 and its 200-day simple moving average is C$368.18. The company has a quick ratio of 0.54, a current ratio of 1.47 and a debt-to-equity ratio of 51.72. Celestica has a 52 week low of C$82.66 and a 52 week high of C$512.83. The stock has a market cap of C$46.06 billion, a PE ratio of 65.10, a price-to-earnings-growth ratio of 0.14 and a beta of 1.43.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on CLS shares. The Goldman Sachs Group upgraded shares of Celestica to a “strong-buy” rating in a research report on Thursday, October 16th. TD Securities upgraded shares of Celestica to a “hold” rating in a research report on Wednesday, January 21st. Finally, Citigroup raised shares of Celestica from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 10th. Five analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Celestica has an average rating of “Strong Buy” and an average price target of C$171.50.

Celestica Company Profile

Celestica Inc offers supply chain solutions. The firm operates in two segments: Advanced Technology Solutions (ATS) and Connectivity & Cloud Solutions (CCS). ATS segment consists of the ATS end market and is comprised of A&D, Industrial, Energy, HealthTech, and Capital Equipment businesses. Capital Equipment business is comprised of our semiconductor, display, and power & signal distribution equipment businesses. CCS segment that derives majority revenue consists of Communications and Enterprise end markets.