Celestica (NYSE:CLS – Get Free Report) (TSE:CLS) updated its second quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.75-0.85 for the period, compared to the consensus estimate of $0.71. The company issued revenue guidance of $2.175-2.325 billion, compared to the consensus revenue estimate of $2.14 billion. Celestica also updated its FY 2024 guidance to 3.300-3.300 EPS.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on the company. StockNews.com lowered Celestica from a buy rating to a hold rating in a research report on Wednesday, February 28th. TD Securities upped their price target on Celestica from $33.00 to $40.00 and gave the company a buy rating in a research report on Wednesday, January 31st. BMO Capital Markets upped their price target on Celestica from $37.00 to $48.00 and gave the company an outperform rating in a research report on Monday. Royal Bank of Canada upped their price target on Celestica from $38.00 to $47.00 and gave the company an outperform rating in a research report on Monday. Finally, CIBC upped their target price on Celestica from $33.00 to $41.00 and gave the company an outperform rating in a research report on Wednesday, January 31st. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus target price of $36.38.
Celestica Price Performance
Celestica (NYSE:CLS – Get Free Report) (TSE:CLS) last released its quarterly earnings data on Monday, January 29th. The technology company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.68 by $0.08. The firm had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.08 billion. Celestica had a return on equity of 17.09% and a net margin of 3.07%. As a group, equities analysts predict that Celestica will post 2.59 earnings per share for the current fiscal year.
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.
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