Equities analysts predict that Celestica Inc (NYSE:CLS) (TSE:CLS) will announce sales of $1.47 billion for the current quarter, Zacks reports. Two analysts have provided estimates for Celestica’s earnings. Celestica also posted sales of $1.47 billion in the same quarter last year. The firm is scheduled to report its next quarterly earnings report on Thursday, April 19th.

According to Zacks, analysts expect that Celestica will report full-year sales of $1.47 billion for the current year, with estimates ranging from $6.20 billion to $6.25 billion. For the next year, analysts anticipate that the firm will report sales of $6.45 billion per share. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Celestica.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings results on Wednesday, January 24th. The technology company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.10). Celestica had a net margin of 1.72% and a return on equity of 8.84%. The firm had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.56 billion.

A number of research analysts have recently weighed in on CLS shares. TD Securities dropped their price target on Celestica from $13.50 to $11.50 and set a “hold” rating for the company in a research report on Friday, October 27th. TheStreet cut Celestica from a “b” rating to a “c+” rating in a research report on Thursday, November 9th. Canaccord Genuity restated a “buy” rating and issued a $14.00 price target on shares of Celestica in a research report on Friday, October 27th. ValuEngine cut Celestica from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Finally, Royal Bank of Canada dropped their price target on Celestica from $15.00 to $13.00 and set a “sector perform” rating for the company in a research report on Friday, October 27th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company’s stock. Celestica presently has a consensus rating of “Hold” and a consensus price target of $13.36.

Celestica (NYSE CLS) opened at $10.66 on Thursday. Celestica has a 52-week low of $9.79 and a 52-week high of $14.74. The firm has a market capitalization of $1,530.00, a price-to-earnings ratio of 14.81 and a beta of 0.71. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.94 and a quick ratio of 1.10.

Celestica announced that its board has approved a share repurchase program on Thursday, October 26th that authorizes the company to buyback 1,000% of shares. This buyback authorization authorizes the technology company to buy shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its stock is undervalued.

A number of institutional investors have recently bought and sold shares of the stock. Royce & Associates LP increased its position in Celestica by 27.5% during the 4th quarter. Royce & Associates LP now owns 3,961,789 shares of the technology company’s stock worth $41,520,000 after purchasing an additional 854,186 shares in the last quarter. Brandes Investment Partners LP purchased a new stake in Celestica during the 4th quarter worth about $38,239,000. Donald Smith & CO. Inc. increased its position in Celestica by 25.8% during the 4th quarter. Donald Smith & CO. Inc. now owns 3,443,245 shares of the technology company’s stock worth $36,085,000 after purchasing an additional 706,521 shares in the last quarter. Mackenzie Financial Corp increased its position in Celestica by 16.4% during the 4th quarter. Mackenzie Financial Corp now owns 3,271,532 shares of the technology company’s stock worth $34,286,000 after purchasing an additional 460,294 shares in the last quarter. Finally, TD Asset Management Inc. increased its position in Celestica by 15.7% during the 3rd quarter. TD Asset Management Inc. now owns 2,960,857 shares of the technology company’s stock worth $36,554,000 after purchasing an additional 402,217 shares in the last quarter. Hedge funds and other institutional investors own 66.80% of the company’s stock.

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About Celestica

Celestica Inc is a provider of supply chain solutions. The Company operates in electronics manufacturing services business segment. The Company offers a range of services to its customers, including design and development, engineering services, supply chain management, new product introduction, component sourcing, electronics manufacturing, assembly and test, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics and after-market repair and return services.

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