Cormark Issues Optimistic Estimate for Celestica Earnings

Celestica Inc. (TSE:CLS - Free Report) NYSE: CLS - Cormark lifted their FY2024 earnings per share (EPS) estimates for Celestica in a research note issued to investors on Monday, January 27th. Cormark analyst J. Pytlak now forecasts that the company will post earnings of $5.07 per share for the year, up from their previous estimate of $4.76. The consensus estimate for Celestica's current full-year earnings is $5.03 per share. Cormark also issued estimates for Celestica's Q4 2024 earnings at $1.46 EPS, Q1 2025 earnings at $1.26 EPS, Q2 2025 earnings at $1.49 EPS, Q3 2025 earnings at $1.50 EPS, Q4 2025 earnings at $1.56 EPS and FY2025 earnings at $5.80 EPS.

CLS has been the topic of a number of other reports. Barclays raised Celestica to a "strong-buy" rating in a research report on Tuesday, November 5th. UBS Group raised shares of Celestica to a "hold" rating in a research note on Friday, November 22nd. Finally, BMO Capital Markets boosted their target price on shares of Celestica from C$72.00 to C$140.00 in a research report on Thursday.

Celestica Stock Up 8.2 %

CLS stock traded up C$13.65 during trading on Tuesday, reaching C$179.43. 1,876,240 shares of the stock were exchanged, compared to its average volume of 844,344. The firm's 50 day moving average is C$139.94 and its 200 day moving average is C$100.31. The firm has a market cap of C$21.28 billion, a P/E ratio of 42.52, a price-to-earnings-growth ratio of 0.14 and a beta of 2.23. The company has a current ratio of 1.47, a quick ratio of 0.54 and a debt-to-equity ratio of 52.78. Celestica has a twelve month low of C$43.97 and a twelve month high of C$194.05.

Insider Activity at Celestica

In other news, Director Robert Andrew Mionis sold 60,000 shares of Celestica stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of C$110.13, for a total value of C$6,607,522.80. Also, Director Michael M. Wilson sold 5,100 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of C$141.77, for a total value of C$723,030.57. Over the last 90 days, insiders sold 94,354 shares of company stock worth $10,780,754. 1.00% of the stock is owned by company 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.