Economy

Celestica Inc (CLS) EPS Estimated At $0.24

The Company offers a range of services, 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 fix and return services.

The following firms have recently changed their position in CLS.

A number of other hedge funds have also added to or reduced their stakes in CLS. AXA bought a new position in Celestica during the first quarter valued at $212,000. Cubist Systematic Strategies, LLC now owns 30,975 shares valued at $421,000. The days to cover increased to 1.0 and the short interest percentage is 0.00% as of August 31. Envestnet Asset Management Inc. lifted its position in Celestica by 16.4% in the 1st quarter. Eqis Capital Management Inc. now owns 23,266 shares of the technology company's stock valued at $316,000 after purchasing an additional 3,151 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Celestica by 1.7% in the 2nd quarter.

Traders are a little more bullish on shares of Celestica, Inc. of late if you evaluate the decrease in short interest. The company has market cap of $1.81 billion. As of the latest earnings report the EPS was $0.92 and is estimated to be $1.27 for the current year with 143,199,000 shares now outstanding. Next quarter's EPS is forecasted at $0.34 with next year's EPS projected to be $1.35. The company had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.55 billion. Celestica had a net margin of 2.12% and a return on equity of 13.64%. After having $0.32 EPS previously, Celestica Inc's analysts see -25.00% EPS growth. Celestica, Inc. shares had a trading volume of 1,873 on Thursday.

COPYRIGHT VIOLATION NOTICE: "Public Sector Pension investment Board Sells 67,500 Shares of Celestica, Inc". If you are viewing this story on another site, it was illegally copied and republished in violation of USA and global copyright & trademark legislation. Scotiabank reissued a "sector perform" rating and issued a C$20.00 price target on shares of Celestica in a report on Sunday, April 23rd. Standpoint Research upgraded shares of Celestica from a "hold" rating to a "buy" rating in a research note on Thursday, August 17th. They noted that the move was a valuation call. BidaskClub lowered shares of Celestica from a "sell" rating to a "strong sell" rating in a research note on Friday, July 28th. The stock of Celestica Inc (NYSE:CLS) earned "Sector Perform" rating by RBC Capital Markets on Friday, October 30. Finally, BMO Capital Markets reissued a "market perform" rating and issued a C$15.50 price target on shares of Celestica in a report on Friday, April 21st. (NYSE:CLS) (TSE:CLS) have received a consensus rating of "Hold" from the thirteen research firms that are presently covering the stock, MarketBeat.com reports.



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