Celestica (CLS) Expected to Announce Quarterly Earnings on Thursday

Celestica (NYSE:CLS - Get Free Report) TSE: CLS is expected to issue its quarterly earnings data after the market closes on Thursday, April 24th. Analysts expect the company to announce earnings of $1.10 per share and revenue of $2.56 billion for the quarter. Individual interested in participating in the company's earnings conference call can do so using this link.

Celestica Price Performance

Shares of CLS traded up $3.56 during mid-day trading on Friday, reaching $84.12. 5,273,486 shares of the stock traded hands, compared to its average volume of 3,092,215. The company has a current ratio of 1.47, a quick ratio of 0.87 and a debt-to-equity ratio of 0.49. Celestica has a 1 year low of $40.25 and a 1 year high of $144.27. The company has a market cap of $9.75 billion, a price-to-earnings ratio of 22.49 and a beta of 2.09. The firm has a fifty day moving average price of $93.69 and a 200 day moving average price of $91.18.

Insider Activity at Celestica

In other news, insider Yann L. Etienvre sold 9,181 shares of Celestica stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $127.54, for a total transaction of $1,170,944.74. Following the transaction, the insider now directly owns 83,179 shares of the company's stock, valued at $10,608,649.66. The trade was a 9.94 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Mandeep Chawla sold 9,483 shares of the firm's stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $127.54, for a total transaction of $1,209,461.82. Following the sale, the chief financial officer now owns 90,771 shares in the company, valued at approximately $11,576,933.34. The trade was a 9.46 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 934,381 shares of company stock worth $116,673,769. 1.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. CIBC cut their price objective on Celestica from $150.00 to $120.00 and set an "outperformer" rating for the company in a report on Tuesday, April 15th. Royal Bank of Canada boosted their price objective on shares of Celestica from $115.00 to $140.00 and gave the stock an "outperform" rating in a report on Friday, January 31st. Cibc World Mkts raised shares of Celestica from a "hold" rating to a "strong-buy" rating in a research note on Friday, January 31st. TD Securities boosted their price target on shares of Celestica from $70.00 to $107.00 and gave the stock a "buy" rating in a research note on Tuesday, January 28th. Finally, Barclays raised their price objective on Celestica from $139.00 to $157.00 and gave the company an "overweight" rating in a research note on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $103.25.

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.