Celestica (CLS) Expected to Announce Quarterly Earnings on Thursday

Celestica (NYSE:CLS) (TSE:CLS) is anticipated to issue its Q1 2025 quarterly earnings data after the market closes on Thursday, April 24th. Analysts expect the company to announce earnings of $1.10 per share and revenue of $2.56 billion for the quarter.

Celestica Stock Performance

CLS opened at $80.61 on Tuesday. The company has a market capitalization of $9.35 billion, a price-to-earnings ratio of 21.55 and a beta of 2.09. The business’s 50-day moving average price is $92.71 and its two-hundred day moving average price is $91.64. Celestica has a 1 year low of $40.25 and a 1 year high of $144.27. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87.

Analyst Ratings Changes

A number of equities analysts have weighed in on CLS shares. CIBC reduced their price target on Celestica from $150.00 to $120.00 and set an “outperformer” rating for the company in a research report on Tuesday, April 15th. Royal Bank of Canada raised their target price on shares of Celestica from $115.00 to $140.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. TD Securities increased their price objective on shares of Celestica from $70.00 to $107.00 and gave the stock a “buy” rating in a research note on Tuesday, January 28th. JPMorgan Chase & Co. reduced their price target on Celestica from $166.00 to $105.00 and set an “overweight” rating for the company in a research report on Thursday, April 17th. Finally, Stifel Nicolaus upped their price objective on Celestica from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, February 19th. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Celestica presently has an average rating of “Moderate Buy” and a consensus price target of $103.25.

Insider Transactions at Celestica

In other news, CEO Robert Mionis sold 441,325 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $122.28, for a total transaction of $53,965,221.00. Following the sale, the chief executive officer now directly owns 531,417 shares of the company’s stock, valued at approximately $64,981,670.76. This represents a 45.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Todd C. Cooper sold 65,000 shares of the company’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $129.78, for a total transaction of $8,435,700.00. Following the sale, the president now directly owns 110,426 shares of the company’s stock, valued at $14,331,086.28. This represents a 37.05 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 934,381 shares of company stock valued at $116,673,769. 1.00% of the stock is currently owned by corporate 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.