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
Several research firms have recently issued reports on CLS. CIBC upped their target price on shares of Celestica from $33.00 to $41.00 and gave the stock an outperform rating in a research note on Wednesday, January 31st. BMO Capital Markets boosted their price target on shares of Celestica from $37.00 to $48.00 and gave the stock an outperform rating in a report on Monday. TD Securities upped their price objective on shares of Celestica from $33.00 to $40.00 and gave the company a buy rating in a report on Wednesday, January 31st. Canaccord Genuity Group upped their price objective on shares of Celestica from $32.50 to $38.00 and gave the company a buy rating in a report on Wednesday, January 31st. Finally, StockNews.com downgraded shares of Celestica from a buy rating to a hold rating in a report on Wednesday, February 28th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average price target of $36.38.
Get Our Latest Report on Celestica
Celestica Price Performance
Celestica (NYSE:CLS – Get Free Report) (TSE:CLS) last issued its earnings results on Monday, January 29th. The technology company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.08. Celestica had a net margin of 3.07% and a return on equity of 17.09%. The firm had revenue of $2.14 billion for the quarter, compared to analysts’ expectations of $2.08 billion. As a group, research analysts predict that Celestica will post 2.59 earnings per share for the current year.
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.
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