Cormark Issues Optimistic Outlook for Celestica Earnings

Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS - Equities researchers at Cormark raised their Q1 2025 EPS estimates for Celestica in a research note issued on Tuesday, April 22nd. Cormark analyst J. Pytlak now forecasts that the technology company will post earnings of $1.02 per share for the quarter, up from their prior estimate of $1.01. The consensus estimate for Celestica's current full-year earnings is $4.35 per share. Cormark also issued estimates for Celestica's FY2025 earnings at $4.36 EPS, Q1 2026 earnings at $1.35 EPS, Q4 2026 earnings at $1.42 EPS and FY2026 earnings at $5.41 EPS.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last issued its quarterly earnings results on Thursday, April 24th. The technology company reported $1.00 earnings per share for the quarter, missing the consensus estimate of $1.10 by ($0.10). Celestica had a net margin of 4.61% and a return on equity of 23.34%.

Other analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. cut their price target on shares of Celestica from $166.00 to $105.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Stifel Nicolaus upped their target price on Celestica from $140.00 to $150.00 and gave the company a "buy" rating in a research report on Wednesday, February 19th. TD Securities lifted their target price on Celestica from $70.00 to $107.00 and gave the stock a "buy" rating in a report on Tuesday, January 28th. Barclays increased their price target on Celestica from $139.00 to $157.00 and gave the stock an "overweight" rating in a report on Thursday, February 13th. Finally, CIBC lowered their price objective on shares of Celestica from $150.00 to $120.00 and set an "outperformer" rating for the company in a research note on Tuesday, April 15th. Two research 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. According to data from MarketBeat.com, Celestica presently has an average rating of "Moderate Buy" and an average price target of $101.58.

Celestica Trading Up 4.1 %

Shares of NYSE:CLS traded up $3.62 during trading on Wednesday, reaching $91.81. The stock had a trading volume of 7,689,264 shares, compared to its average volume of 3,117,096. Celestica has a 52 week low of $40.25 and a 52 week high of $144.27. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.87 and a current ratio of 1.47. The firm's fifty day moving average is $90.89 and its 200 day moving average is $91.56. The stock has a market cap of $10.65 billion, a price-to-earnings ratio of 24.55 and a beta of 2.09.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Independent Advisor Alliance raised its holdings in shares of Celestica by 0.3% in the 4th quarter. Independent Advisor Alliance now owns 29,588 shares of the technology company's stock valued at $2,731,000 after acquiring an additional 79 shares in the last quarter. Jones Financial Companies Lllp raised its stake in Celestica by 4.6% in the fourth quarter. Jones Financial Companies Lllp now owns 2,034 shares of the technology company's stock valued at $188,000 after purchasing an additional 89 shares in the last quarter. CoreCap Advisors LLC lifted its position in Celestica by 5.4% during the fourth quarter. CoreCap Advisors LLC now owns 1,760 shares of the technology company's stock valued at $162,000 after purchasing an additional 90 shares during the last quarter. Pinpoint Asset Management Ltd increased its holdings in shares of Celestica by 109.6% in the 4th quarter. Pinpoint Asset Management Ltd now owns 348 shares of the technology company's stock worth $32,000 after buying an additional 182 shares during the last quarter. Finally, Bay Rivers Group increased its holdings in shares of Celestica by 1.1% in the 1st quarter. Bay Rivers Group now owns 19,494 shares of the technology company's stock worth $1,536,000 after buying an additional 215 shares during the last quarter. Institutional investors own 67.38% of the company's stock.

Insider Buying and Selling

In other news, insider Alok K. Agrawal sold 6,826 shares of the firm's stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $133.92, for a total value of $914,137.92. Following the completion of the transaction, the insider now directly owns 9,224 shares of the company's stock, valued at $1,235,278.08. This trade represents a 42.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robert Mionis sold 52,588 shares of the stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $127.54, for a total value of $6,707,073.52. Following the sale, the chief executive officer now directly owns 531,417 shares in the company, valued at $67,776,924.18. This trade represents a 9.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 934,381 shares of company stock valued at $116,673,769. 1.00% of the stock is owned by insiders.

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.