Celestica (TSE:CLS) Issues Earnings Results

Celestica (TSE:CLS) (NYSE:CLS) announced its quarterly earnings data on Monday. The company reported C$3.00 earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of C$5.63 billion for the quarter. Celestica had a return on equity of 44.13% and a net margin of 6.72%.

Celestica Stock Performance

TSE CLS opened at C$576.75 on Tuesday. The company has a quick ratio of 0.54, a current ratio of 1.44 and a debt-to-equity ratio of 35.04. Celestica has a 52-week low of C$113.40 and a 52-week high of C$576.89. The business’s 50-day moving average price is C$423.63 and its 200 day moving average price is C$424.23. The firm has a market cap of C$66.31 billion, a P/E ratio of 80.55, a P/E/G ratio of 0.14 and a beta of 1.03.

Analyst Ratings Changes

CLS has been the topic of several recent analyst reports. TD Securities raised Celestica to a “hold” rating in a report on Wednesday, January 21st. Susquehanna upgraded Celestica to a “strong-buy” rating in a research report on Wednesday, April 1st. Finally, Wolfe Research upgraded Celestica to a “strong-buy” rating in a research report on Tuesday, February 17th. Six equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Strong Buy” and a consensus price target of C$305.00.

About Celestica

Celestica Inc offers supply chain solutions. The firm operates in two segments: Advanced Technology Solutions (ATS) and Connectivity & Cloud Solutions (CCS). ATS segment consists of the ATS end market and is comprised of A&D, Industrial, Energy, HealthTech, and Capital Equipment businesses. Capital Equipment business is comprised of our semiconductor, display, and power & signal distribution equipment businesses. CCS segment that derives majority revenue consists of Communications and Enterprise end markets.