Cormark Has Positive Outlook for Celestica FY2024 Earnings

Celestica Inc. (TSE:CLS) (NYSE:CLS) – Equities research analysts at Cormark upped their FY2024 earnings per share (EPS) estimates for Celestica in a note issued to investors on Monday, January 27th. Cormark analyst J. Pytlak now anticipates that the company will earn $5.07 per share for the year, up from their previous estimate of $4.76. The consensus estimate for Celestica’s current full-year earnings is $5.03 per share. Cormark also issued estimates for Celestica’s Q4 2024 earnings at $1.46 EPS, Q1 2025 earnings at $1.26 EPS, Q2 2025 earnings at $1.49 EPS, Q3 2025 earnings at $1.50 EPS, Q4 2025 earnings at $1.56 EPS and FY2025 earnings at $5.80 EPS.

A number of other analysts have also issued reports on CLS. Barclays upgraded Celestica to a “strong-buy” rating in a report on Tuesday, November 5th. UBS Group raised Celestica to a “hold” rating in a report on Friday, November 22nd.

Celestica Stock Performance

Shares of TSE CLS opened at C$144.99 on Tuesday. The company has a quick ratio of 0.54, a current ratio of 1.47 and a debt-to-equity ratio of 52.78. Celestica has a 52-week low of C$43.61 and a 52-week high of C$187.90. The stock has a market capitalization of C$17.20 billion, a price-to-earnings ratio of 34.36, a PEG ratio of 0.14 and a beta of 2.23. The stock’s fifty day simple moving average is C$138.58 and its 200 day simple moving average is C$99.39.

Insider Buying and Selling

In other Celestica news, Director Michael M. Wilson sold 5,100 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of C$141.77, for a total transaction of C$723,030.57. Also, Director Robert Andrew Mionis sold 60,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of C$110.13, for a total transaction of C$6,607,522.80. Over the last quarter, insiders have sold 94,354 shares of company stock valued at $10,780,754. 1.00% of the stock is owned by company insiders.

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.