Celestica, Inc. (NYSE:CLS) (TSE:CLS) announced its earnings results on Thursday. The company reported $0.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.09. Celestica had a return on equity of 12.63% and a net margin of 2.16%. The firm had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.55 billion. During the same period in the previous year, the business earned $0.27 EPS. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. Celestica updated its Q1 guidance to $0.24-0.30 EPS.
Shares of Celestica (NYSE:CLS) opened at 12.77 on Friday. The firm has a market cap of $1.79 billion, a PE ratio of 14.58 and a beta of 1.07. Celestica has a 12 month low of $8.53 and a 12 month high of $12.87. The firm’s 50-day moving average price is $12.13 and its 200-day moving average price is $11.32.
Several research analysts recently weighed in on CLS shares. Zacks Investment Research upgraded Celestica from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a research note on Wednesday, October 26th. Standpoint Research downgraded Celestica from a “buy” rating to a “hold” rating in a research note on Friday, November 18th. Canaccord Genuity set a $13.00 target price on Celestica and gave the stock a “buy” rating in a research note on Friday, October 21st. BMO Capital Markets restated a “hold” rating on shares of Celestica in a research note on Friday, October 21st. Finally, RBC Capital Markets restated a “hold” rating and set a $13.00 target price on shares of Celestica in a research note on Thursday, January 12th. Ten equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Celestica presently has an average rating of “Hold” and a consensus price target of $12.91.
Several institutional investors have recently modified their holdings of CLS. TD Asset Management Inc. boosted its position in shares of Celestica by 17.7% in the third quarter. TD Asset Management Inc. now owns 3,307,640 shares of the company’s stock worth $35,713,000 after buying an additional 496,983 shares in the last quarter. Matarin Capital Management LLC purchased a new position in shares of Celestica during the third quarter worth about $2,670,000. Lingohr & Partner Asset Management GmbH boosted its position in shares of Celestica by 28.3% in the third quarter. Lingohr & Partner Asset Management GmbH now owns 244,528 shares of the company’s stock worth $2,648,000 after buying an additional 54,000 shares in the last quarter. Donald Smith & CO. Inc. boosted its position in shares of Celestica by 0.6% in the third quarter. Donald Smith & CO. Inc. now owns 5,347,479 shares of the company’s stock worth $57,913,000 after buying an additional 32,645 shares in the last quarter. Finally, Foundry Partners LLC boosted its position in shares of Celestica by 5.0% in the third quarter. Foundry Partners LLC now owns 494,507 shares of the company’s stock worth $5,356,000 after buying an additional 23,487 shares in the last quarter. Institutional investors own 71.18% of the company’s stock.
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Celestica Inc is a provider of supply chain solutions in the communications, consumer, diversified, servers and storage end markets. 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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