Celestica, Inc. (NYSE:CLS) (TSE:CLS) released its earnings results on Thursday. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.09. Celestica had a net margin of 2.27% and a return on equity of 14.26%. The firm earned $1.62 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same period in the previous year, the firm earned $0.27 earnings per share. Celestica’s revenue was up 7.2% compared to the same quarter last year. Celestica updated its Q1 guidance to $0.24-0.30 EPS.
Celestica (NYSE:CLS) opened at 14.18 on Monday. The stock has a 50 day moving average of $12.19 and a 200 day moving average of $11.36. The stock has a market capitalization of $2.00 billion, a P/E ratio of 14.93 and a beta of 1.07. Celestica has a 52 week low of $8.83 and a 52 week high of $14.54.
Hedge funds have recently bought and sold shares of the company. Stevens Capital Management LP bought a new stake in Celestica during the second quarter worth about $100,000. Prudential Financial Inc. raised its stake in Celestica by 2.6% in the second quarter. Prudential Financial Inc. now owns 12,272 shares of the company’s stock worth $114,000 after buying an additional 316 shares during the period. LPL Financial LLC raised its stake in Celestica by 5.1% in the third quarter. LPL Financial LLC now owns 10,652 shares of the company’s stock worth $115,000 after buying an additional 520 shares during the period. Campbell & CO Investment Adviser LLC bought a new stake in Celestica during the third quarter worth about $123,000. Finally, Walleye Trading LLC raised its stake in Celestica by 2.3% in the second quarter. Walleye Trading LLC now owns 14,000 shares of the company’s stock worth $130,000 after buying an additional 318 shares during the period. 71.18% of the stock is owned by institutional investors and hedge funds.
A number of research firms recently issued reports on CLS. BMO Capital Markets set a $15.00 target price on shares of Celestica and gave the company a “hold” rating in a report on Friday. Macquarie upgraded shares of Celestica from a “neutral” rating to an “outperform” rating and set a $16.00 price objective for the company in a research note on Friday. Stifel Nicolaus boosted their price objective on shares of Celestica from $11.00 to $12.00 and gave the stock a “hold” rating in a research note on Friday. Standpoint Research downgraded shares of Celestica from a “buy” rating to a “hold” rating in a research note on Friday, November 18th. Finally, RBC Capital Markets reiterated a “hold” rating and set a $13.00 price objective on shares of Celestica in a research note on Thursday, January 12th. Nine investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $13.14.
Celestica Company Profile
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.