Celestica (NYSE:CLS) Releases FY 2025 Earnings Guidance

Celestica (NYSE:CLS) (TSE:CLS) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 4.420-4.420 for the period, compared to the consensus estimate of 4.070. The company issued revenue guidance of $10.4 billion-$10.4 billion, compared to the consensus revenue estimate of $10.4 billion. Celestica also updated its FY 2024 guidance to 3.850-3.850 EPS.

Celestica Price Performance

Shares of NYSE CLS traded up $1.47 during midday trading on Wednesday, reaching $57.47. The company’s stock had a trading volume of 3,456,590 shares, compared to its average volume of 2,238,517. The company has a market cap of $6.83 billion, a P/E ratio of 20.89 and a beta of 2.28. Celestica has a fifty-two week low of $20.87 and a fifty-two week high of $64.56. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.86 and a current ratio of 1.47. The business’s 50 day moving average price is $51.78 and its two-hundred day moving average price is $51.99.

Celestica (NYSE:CLS) (TSE:CLS) last issued its quarterly earnings data on Wednesday, July 24th. The technology company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.10. The business had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.25 billion. Celestica had a return on equity of 19.96% and a net margin of 4.16%. Celestica’s quarterly revenue was up 23.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.55 EPS. On average, analysts forecast that Celestica will post 3.22 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CLS. Royal Bank of Canada increased their price target on Celestica from $53.00 to $63.00 and gave the company an “outperform” rating in a research report on Monday, July 22nd. Stifel Nicolaus raised shares of Celestica from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a report on Monday, September 9th. StockNews.com downgraded Celestica from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. TD Securities increased their target price on shares of Celestica from $61.00 to $68.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Finally, Canaccord Genuity Group upped their price objective on shares of Celestica from $53.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Celestica currently has a consensus rating of “Moderate Buy” and a consensus price target of $61.88.

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.