FY2024 Earnings Forecast for Celestica Issued By Cormark

Celestica Inc. (TSE:CLS - Free Report) NYSE: CLS - Stock analysts at Cormark lifted their FY2024 earnings per share (EPS) estimates for shares of Celestica in a research note issued to investors on Monday, January 27th. Cormark analyst J. Pytlak now anticipates that the company will earn $5.07 per share for the year, up from their prior 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.

A number of other research analysts also recently commented on the stock. UBS Group raised shares of Celestica to a "hold" rating in a research report on Friday, November 22nd. Cibc World Mkts raised Celestica from a "hold" rating to a "strong-buy" rating in a report on Friday. BMO Capital Markets boosted their target price on Celestica from C$72.00 to C$140.00 in a report on Thursday. Finally, Barclays raised Celestica to a "strong-buy" rating in a report on Tuesday, November 5th. Two investment analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of C$96.75.

Celestica Stock Up 8.2 %

CLS stock traded up C$13.65 during midday trading on Tuesday, reaching C$179.43. 1,888,078 shares of the company were exchanged, compared to its average volume of 855,777. The company has a market cap of C$21.28 billion, a price-to-earnings ratio of 42.52, a price-to-earnings-growth ratio of 0.14 and a beta of 2.23. The company has a debt-to-equity ratio of 52.78, a quick ratio of 0.54 and a current ratio of 1.47. Celestica has a 1-year low of C$43.97 and a 1-year high of C$194.05. The stock's 50-day simple moving average is C$140.97 and its 200 day simple moving average is C$100.86.

Insider Transactions at Celestica

In related news, Director Michael M. Wilson sold 5,100 shares of the firm's stock in a transaction dated Monday, January 6th. The shares were sold at an average price of C$141.77, for a total value of C$723,030.57. Also, Director Robert Andrew Mionis sold 60,000 shares of the company's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of C$110.13, for a total transaction of C$6,607,522.80. In the last quarter, insiders sold 94,354 shares of company stock worth $10,780,754. Company insiders own 1.00% of the company's stock.

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.