Celestica (NYSE:CLS) Announces Quarterly Earnings Results

Celestica (NYSE:CLS - Get Free Report) TSE: CLS announced its quarterly earnings data on Thursday. The technology company reported $1.00 EPS for the quarter, missing the consensus estimate of $1.10 by ($0.10), Zacks reports. Celestica had a net margin of 4.61% and a return on equity of 23.34%. The firm had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.56 billion. Celestica updated its Q2 2025 guidance to 1.170-1.270 EPS and its FY 2025 guidance to 5.000-5.000 EPS.

Celestica Trading Down 3.3 %

Shares of NYSE CLS traded down $3.01 during trading hours on Friday, hitting $89.13. 6,937,107 shares of the company traded hands, compared to its average volume of 3,127,409. The company's 50 day moving average price is $89.22 and its 200 day moving average price is $92.05. Celestica has a 12 month low of $40.25 and a 12 month high of $144.27. The stock has a market capitalization of $10.34 billion, a price-to-earnings ratio of 23.83 and a beta of 2.09. The company has a current ratio of 1.47, a quick ratio of 0.87 and a debt-to-equity ratio of 0.49.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Stifel Nicolaus boosted their price target on Celestica from $140.00 to $150.00 and gave the stock a "buy" rating in a report on Wednesday, February 19th. Barclays raised their target price on shares of Celestica from $139.00 to $157.00 and gave the company an "overweight" rating in a research note on Thursday, February 13th. Cibc World Mkts upgraded shares of Celestica from a "hold" rating to a "strong-buy" rating in a research note on Friday, January 31st. TD Securities increased their price objective on shares of Celestica from $70.00 to $107.00 and gave the company a "buy" rating in a report on Tuesday, January 28th. Finally, CIBC reduced their target price on Celestica from $150.00 to $120.00 and set an "outperformer" rating on the stock in a report on Tuesday, April 15th. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $101.58.

Insider Buying and Selling

In other Celestica news, insider Alok K. Agrawal sold 6,826 shares of the business's stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $133.92, for a total transaction of $914,137.92. Following the completion of the transaction, the insider now owns 9,224 shares in the company, valued at $1,235,278.08. The trade was a 42.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, President Todd C. Cooper sold 65,000 shares of the stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $129.78, for a total value of $8,435,700.00. Following the completion of the sale, the president now owns 110,426 shares in the company, valued at approximately $14,331,086.28. The trade was a 37.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 934,381 shares of company stock worth $116,673,769 over the last three months. 1.00% of the stock is owned by insiders.

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.