Celestica (CLS) Expected to Announce Quarterly Earnings on Thursday

Celestica (NYSE:CLS) (TSE:CLS) is anticipated to release its earnings data after the market closes on Thursday, April 24th. Analysts expect Celestica to post earnings of $1.10 per share and revenue of $2.56 billion for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Celestica Stock Down 2.3 %

Shares of NYSE:CLS opened at $80.65 on Thursday. The company has a quick ratio of 0.87, a current ratio of 1.47 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $9.35 billion, a P/E ratio of 21.56 and a beta of 2.09. Celestica has a 52-week low of $40.25 and a 52-week high of $144.27. The stock’s fifty day simple moving average is $96.44 and its 200-day simple moving average is $90.50.

Insider Buying and Selling

In other Celestica news, insider Alok K. Agrawal sold 6,826 shares of the business’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $133.92, for a total transaction of $914,137.92. Following the completion of the sale, the insider now owns 9,224 shares in the company, valued at $1,235,278.08. The trade was a 42.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Yann L. Etienvre sold 9,181 shares of the stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $127.54, for a total transaction of $1,170,944.74. Following the sale, the insider now owns 83,179 shares in the company, valued at approximately $10,608,649.66. This trade represents a 9.94 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 934,381 shares of company stock worth $116,673,769. Insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CLS. JPMorgan Chase & Co. began coverage on Celestica in a research note on Friday, February 21st. They set an “overweight” rating and a $166.00 price target on the stock. Stifel Nicolaus increased their price objective on shares of Celestica from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, February 19th. Cibc World Mkts upgraded shares of Celestica from a “hold” rating to a “strong-buy” rating in a report on Friday, January 31st. Barclays lifted their price target on shares of Celestica from $139.00 to $157.00 and gave the company an “overweight” rating in a report on Thursday, February 13th. Finally, TD Securities boosted their price target on Celestica from $70.00 to $107.00 and gave the company a “buy” rating in a research report on Tuesday, January 28th. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $108.33.

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.