Celestica (TSE:CLS – Get Free Report) (NYSE:CLS) issued its earnings results on Monday. The company reported C$3.61 earnings per share (EPS) for the quarter, FiscalAI reports. Celestica had a net margin of 7.15% and a return on equity of 50.28%. The company had revenue of C$6.68 billion for the quarter.
Celestica Trading Up 9.5%
Shares of CLS stock opened at C$492.14 on Wednesday. Celestica has a 1-year low of C$240.49 and a 1-year high of C$655.50. The company has a current ratio of 1.23, a quick ratio of 0.54 and a debt-to-equity ratio of 39.57. The stock has a market cap of C$56.58 billion, a price-to-earnings ratio of 59.65, a PEG ratio of 0.14 and a beta of 1.64. The stock has a 50-day moving average of C$507.93 and a 200-day moving average of C$460.97.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on CLS shares. Susquehanna raised Celestica to a “strong-buy” rating in a research report on Wednesday, April 1st. TD Securities upgraded shares of Celestica from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 29th. Finally, TD upgraded shares of Celestica from a “hold” rating to a “buy” rating and boosted their target price for the company from C$350.00 to C$430.00 in a research report on Wednesday, April 29th. Five investment analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. Based on data from MarketBeat, Celestica presently has an average rating of “Strong Buy” and a consensus price target of C$367.50.
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.
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