Celestica (CLS) Updates Q4 Earnings Guidance
Celestica (CLS) issued an update on its fourth quarter earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $0.15-0.21 for the period.
Shares of Celestica (CLS) traded down 1.54% during mid-day trading on Tuesday, hitting $7.02. Celestica (CLS) has a 52 week low of $6.74 and a 52 week high of $10.34. The company has a market cap of $1.458 billion and a P/E ratio of 8.27.
Celestica last announced its earnings results on Tuesday, October 23rd. The company reported $0.26 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.20 by $0.06. The company’s revenue for the quarter was down 13.9% on a year-over-year basis. Analysts expect that Celestica (CLS) will post $0.87 EPS for the current fiscal year.
On a related note, analysts at Paradigm Research cut their price target on shares of Celestica from $9.50 to $9.25 in a research note to investors on Wednesday, September 26th. They now have a buy rating on the stock.
Celestica Inc. (Celestica) offers a range of electronics manufacturing services and solutions to original equipment manufacturers (OEMs) across many industries.
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