Brokerages Anticipate Celestica Inc (NYSE:CLS) to Announce $0.12 EPS

Equities analysts expect Celestica Inc (NYSE:CLS) (TSE:CLS) to announce $0.12 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Celestica’s earnings, with the lowest EPS estimate coming in at $0.11 and the highest estimate coming in at $0.13. Celestica posted earnings per share of $0.29 in the same quarter last year, which would suggest a negative year over year growth rate of 58.6%. The business is scheduled to announce its next earnings results on Tuesday, July 30th.

On average, analysts expect that Celestica will report full-year earnings of $0.59 per share for the current financial year, with EPS estimates ranging from $0.50 to $0.67. For the next year, analysts anticipate that the company will report earnings of $0.85 per share, with EPS estimates ranging from $0.73 to $0.96. Zacks’ EPS calculations are a mean average based on a survey of research analysts that that provide coverage for Celestica.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings results on Thursday, April 25th. The technology company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.08. The company had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Celestica had a return on equity of 13.21% and a net margin of 2.67%. Celestica’s revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.24 EPS.

Several equities analysts recently issued reports on CLS shares. Zacks Investment Research upgraded Celestica from a “hold” rating to a “buy” rating and set a $9.75 price objective for the company in a research report on Monday, April 15th. Beacon Securities lowered Celestica from a “buy” rating to a “hold” rating and decreased their price objective for the company from $10.50 to $9.00 in a research report on Friday, April 26th. TD Securities decreased their price objective on Celestica from $10.00 to $8.00 and set a “hold” rating for the company in a research report on Friday, April 26th. Canaccord Genuity lowered Celestica from a “buy” rating to a “hold” rating in a research report on Friday, April 26th. Finally, CIBC lowered Celestica from an “outperform” rating to a “neutral” rating in a research report on Thursday, April 25th. One investment analyst has rated the stock with a sell rating and nine have given a hold rating to the company. Celestica presently has a consensus rating of “Hold” and an average price target of $9.39.

Large investors have recently added to or reduced their stakes in the business. HCR Wealth Advisors acquired a new position in Celestica during the 1st quarter worth approximately $358,000. Beutel Goodman & Co Ltd. acquired a new position in Celestica during the 1st quarter worth approximately $56,000. Squarepoint Ops LLC acquired a new position in Celestica during the 4th quarter worth approximately $91,000. Citigroup Inc. boosted its position in Celestica by 10,347.4% during the 4th quarter. Citigroup Inc. now owns 12,119 shares of the technology company’s stock worth $106,000 after acquiring an additional 12,003 shares during the last quarter. Finally, Gluskin Sheff & Assoc Inc. boosted its position in Celestica by 100.2% during the 4th quarter. Gluskin Sheff & Assoc Inc. now owns 22,700 shares of the technology company’s stock worth $199,000 after acquiring an additional 11,360 shares during the last quarter. 66.98% of the stock is owned by hedge funds and other institutional investors.

Shares of CLS stock traded up $0.05 on Friday, reaching $6.83. The company had a trading volume of 160,682 shares, compared to its average volume of 302,141. The company has a current ratio of 1.81, a quick ratio of 1.08 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $898.90 million, a PE ratio of 9.76 and a beta of 0.78. The stock’s 50-day simple moving average is $6.63. Celestica has a 12 month low of $6.17 and a 12 month high of $12.59.

Celestica Company Profile

Celestica Inc provides design, manufacturing, hardware platform, and supply chain solutions in Canada and internationally. It operates through two segments, Advanced Technology Solutions, and Connectivity & Cloud Solutions. 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, asset management, product licensing, and after-market repair and return services.

Recommended Story: Book Value Of Equity Per Share – BVPS Explained

Get a free copy of the Zacks research report on Celestica (CLS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Celestica Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Celestica and related companies with MarketBeat.com's FREE daily email newsletter.