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MSFT   203.19 (+1.30%)
FB   249.53 (+0.20%)
GOOGL   1,422.86 (+0.96%)
AMZN   3,019.79 (+0.66%)
NVDA   493.92 (+1.85%)
TSLA   387.79 (+1.95%)
BABA   269.73 (-1.18%)
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GE   6.06 (-0.82%)
MU   49.47 (-0.76%)
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BA   146.05 (-3.39%)
S&P 500   3,246.59 (+0.30%)
DOW   26,815.44 (+0.20%)
QQQ   265.39 (+0.47%)
AAPL   108.22 (+1.03%)
MSFT   203.19 (+1.30%)
FB   249.53 (+0.20%)
GOOGL   1,422.86 (+0.96%)
AMZN   3,019.79 (+0.66%)
NVDA   493.92 (+1.85%)
TSLA   387.79 (+1.95%)
BABA   269.73 (-1.18%)
CGC   14.27 (-2.26%)
GE   6.06 (-0.82%)
MU   49.47 (-0.76%)
AMD   75.82 (+1.46%)
T   28.04 (+0.61%)
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GOOGL   1,422.86 (+0.96%)
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NVDA   493.92 (+1.85%)
TSLA   387.79 (+1.95%)
BABA   269.73 (-1.18%)
CGC   14.27 (-2.26%)
GE   6.06 (-0.82%)
MU   49.47 (-0.76%)
AMD   75.82 (+1.46%)
T   28.04 (+0.61%)
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DIS   122.49 (-0.64%)
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Brokerages Anticipate Celestica Inc (NYSE:CLS) Will Announce Quarterly Sales of $1.50 Billion

Last updated on Thursday, September 24, 2020 | 2020 MarketBeat

Wall Street analysts forecast that Celestica Inc (NYSE:CLS) (TSE:CLS) will report sales of $1.50 billion for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Celestica's earnings. Celestica reported sales of $1.52 billion during the same quarter last year, which indicates a negative year-over-year growth rate of 1.3%. The firm is expected to report its next earnings results on Thursday, October 22nd.

On average, analysts expect that Celestica will report full-year sales of $5.77 billion for the current fiscal year. For the next financial year, analysts forecast that the firm will post sales of $5.60 billion, with estimates ranging from $5.49 billion to $5.71 billion. Zacks Investment Research's sales averages are an average based on a survey of research analysts that that provide coverage for Celestica.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings data on Wednesday, July 29th. The technology company reported $0.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.15 by $0.10. Celestica had a positive return on equity of 5.10% and a negative net margin of 0.07%. The business had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same period last year, the company earned $0.12 earnings per share. Celestica's quarterly revenue was up 3.2% compared to the same quarter last year.

Several equities analysts have weighed in on the company. TD Securities raised their target price on Celestica from $6.50 to $8.00 and gave the company a "hold" rating in a report on Thursday, July 30th. Citigroup raised their target price on Celestica from $5.00 to $7.50 and gave the company a "sell" rating in a report on Thursday, July 30th. Scotiabank raised their target price on Celestica from $6.50 to $8.50 and gave the company a "sector perform" rating in a report on Thursday, July 30th. Zacks Investment Research upgraded Celestica from a "hold" rating to a "buy" rating and set a $9.25 target price on the stock in a report on Tuesday, August 4th. Finally, Canaccord Genuity upgraded Celestica from a "hold" rating to a "buy" rating in a report on Thursday, July 30th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. Celestica currently has a consensus rating of "Hold" and a consensus price target of $8.63.

Shares of NYSE:CLS opened at $6.88 on Thursday. Celestica has a 1 year low of $2.63 and a 1 year high of $9.29. The business has a fifty day simple moving average of $7.84 and a 200 day simple moving average of $6.28. The company has a current ratio of 1.62, a quick ratio of 0.93 and a debt-to-equity ratio of 0.36. The firm has a market cap of $947.26 million, a price-to-earnings ratio of 13.59, a P/E/G ratio of 0.38 and a beta of 2.15.

Several large investors have recently modified their holdings of the company. HBK Sorce Advisory LLC grew its position in shares of Celestica by 7.1% in the second quarter. HBK Sorce Advisory LLC now owns 23,109 shares of the technology company's stock valued at $158,000 after purchasing an additional 1,527 shares during the last quarter. CIBC Asset Management Inc grew its position in shares of Celestica by 3.2% in the second quarter. CIBC Asset Management Inc now owns 75,220 shares of the technology company's stock valued at $515,000 after purchasing an additional 2,303 shares during the last quarter. Janney Montgomery Scott LLC grew its position in shares of Celestica by 4.2% in the second quarter. Janney Montgomery Scott LLC now owns 64,128 shares of the technology company's stock valued at $438,000 after purchasing an additional 2,609 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Celestica by 5.6% in the second quarter. Goldman Sachs Group Inc. now owns 68,058 shares of the technology company's stock valued at $465,000 after purchasing an additional 3,614 shares during the last quarter. Finally, Verus Capital Partners LLC grew its position in shares of Celestica by 28.3% in the first quarter. Verus Capital Partners LLC now owns 19,816 shares of the technology company's stock valued at $69,000 after purchasing an additional 4,365 shares during the last quarter. 59.55% of the stock is currently owned by institutional investors.

About Celestica

Celestica Inc provides design, manufacturing, hardware platform, and supply chain solutions in Canada and internationally. It operates through two segments, Advanced Technology Solutions, and Connectivity & Cloud Solutions. The company offers a range of services, including design and development, engineering, supply chain management, new product introduction, component sourcing, electronics manufacturing, assembly and test, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics, asset management, product licensing, and after-market repair and return services.

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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

12 Cheap Dividend Stocks to Buy Today

While COVID-19 was a suckerpunch to the stock market earlier in the year, the stock market is roaring back.  The Dow is hovering around 27,000 and the S&P 500 is trading near 3,200. S&P 500 stocks are trading at nearly 23 times their annual earnings, still well above historical norms.

At the same time, interest rates are near all-time lows (and probably dipping even lower). 10-year Treasuries are yielding just 0.9% and collectively S&P 500 stocks are yielding under 2%. Some investors think that it's too challenging to find safe and affordable securities that pay 4%, 5%, and even 6% yields.

Searching for yield isn't easy in an environment where historically high asset prices and stimulus from the Fed have driven down yields. This doesn't leave many options for investors looking for retirement income or a decent dividend yield on their stocks, but there are a handful of cheap dividend stocks to buy that are still yielding 3-6%. 

Let's review some of the best cheap dividend stocks in the market today in this slideshow.

View the "12 Cheap Dividend Stocks to Buy Today".

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