Celestica Q3 Revenue Soars 27.8% to $3.19B; Insider Buys $2M Stake
In Q3, Celestica reported $1.58 EPS, beating consensus by $0.13, with revenue up 27.8% year-over-year to $3.19B, as analysts forecast full-year EPS of 4.35. Director Laurette T. Koellner purchased 6,000 shares at $341.67, while QRG Capital initiated a $414K stake in the period.
1. Major Institutional Moves
In the third quarter, QRG Capital Management Inc. initiated a position in Celestica by acquiring 1,679 shares valued at approximately $414,000, according to its latest 13F filing. Other notable adjustments include Golden State Wealth Management LLC more than doubling its stake to 164 shares after purchasing an additional 83 shares in Q2, MassMutual Private Wealth & Trust FSB raising its holding by 42.5% to 124 shares in Q3, and First Horizon Corp establishing a new stake worth about $31,000. ST Germain D J Co. Inc. and Twin Peaks Wealth Advisors LLC also opened positions in Q2 valued at $37,000 and $40,000 respectively. Collectively, institutional investors now own 67.38% of the company’s stock.
2. Latest Financial and Market Metrics
Celestica’s market capitalization stands at $34.93 billion, with a price-to-earnings ratio of 49.30 and a beta of 1.87. The stock’s 50-day and 200-day moving averages are $309.47 and $261.24 respectively, reflecting recent volatility. On the balance sheet, the company holds a quick ratio of 0.88, a current ratio of 1.47, and maintains a debt-to-equity ratio of 0.37, indicating moderate leverage and sufficient short-term liquidity.
3. Recent Earnings Outperformance
In its most recent quarter, Celestica reported earnings per share of $1.58, surpassing consensus estimates by $0.13, and delivered revenue of $3.19 billion, topping forecasts by $180 million and marking a 27.8% increase year-over-year. The firm achieved a return on equity of 30.53% and a net margin of 6.35%, driven by strength in its cloud and data-center solutions segment. Analysts project full-year earnings of $4.35 per share, underpinned by continued growth in AI and hyperscale infrastructure demand.
4. Analyst and Insider Activity
Analyst sentiment remains constructive, with a consensus “Moderate Buy” rating and an average target price of $340.75. Recent price-target adjustments include increases by JPMorgan Chase & Co. to $360 and by Stifel Nicolaus to $385, alongside overweight recommendations from Barclays and others. Insider activity highlights Director Laurette T. Koellner’s purchase of 6,000 shares at an average cost of $341.67 per share, representing a total investment of $2,050,020 and raising her stake to the same level.