Equities research analysts expect Celanese Co. (NYSE:CE) to announce earnings of $2.32 per share for the current quarter, according to Zacks. Three analysts have provided estimates for Celanese’s earnings. The lowest EPS estimate is $2.22 and the highest is $2.40. Celanese reported earnings of $1.81 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 28.2%. The business is expected to issue its next quarterly earnings results on Monday, April 16th.
On average, analysts expect that Celanese will report full-year earnings of $8.52 per share for the current year, with EPS estimates ranging from $8.40 to $8.60. For the next year, analysts expect that the company will post earnings of $9.24 per share, with EPS estimates ranging from $8.80 to $9.45. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that follow Celanese.
Celanese (NYSE:CE) last released its quarterly earnings results on Thursday, January 25th. The basic materials company reported $1.98 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.86 by $0.12. The business had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.49 billion. Celanese had a return on equity of 32.96% and a net margin of 13.73%. The firm’s quarterly revenue was up 21.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.52 EPS.
Several analysts recently issued reports on CE shares. Zacks Investment Research downgraded Celanese from a “buy” rating to a “hold” rating in a research note on Friday, December 15th. Tudor Pickering started coverage on Celanese in a research note on Tuesday, November 14th. They issued a “buy” rating for the company. Wells Fargo & Co restated a “market perform” rating and issued a $110.00 price target (up from $104.00) on shares of Celanese in a research note on Wednesday, January 17th. Citigroup boosted their price target on Celanese from $123.00 to $128.00 and gave the company a “buy” rating in a research note on Monday, January 29th. Finally, SunTrust Banks restated a “buy” rating on shares of Celanese in a research note on Wednesday, January 17th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company’s stock. Celanese currently has a consensus rating of “Buy” and a consensus target price of $113.28.
In other Celanese news, CFO Christopher W. Jensen sold 3,000 shares of Celanese stock in a transaction on Thursday, January 11th. The stock was sold at an average price of $110.00, for a total value of $330,000.00. Following the completion of the transaction, the chief financial officer now directly owns 52,924 shares of the company’s stock, valued at approximately $5,821,640. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.42% of the stock is owned by insiders.
Several institutional investors have recently bought and sold shares of CE. Amundi Pioneer Asset Management Inc. raised its holdings in shares of Celanese by 37.2% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 1,114,498 shares of the basic materials company’s stock worth $119,340,000 after buying an additional 302,015 shares in the last quarter. Janus Henderson Group PLC raised its holdings in shares of Celanese by 134.3% during the 3rd quarter. Janus Henderson Group PLC now owns 465,222 shares of the basic materials company’s stock worth $48,509,000 after buying an additional 266,698 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in shares of Celanese by 13.4% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,150,894 shares of the basic materials company’s stock worth $224,274,000 after buying an additional 253,809 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Celanese by 10.5% during the 4th quarter. Victory Capital Management Inc. now owns 2,230,082 shares of the basic materials company’s stock worth $238,797,000 after buying an additional 212,134 shares in the last quarter. Finally, Baird Financial Group Inc. acquired a new position in shares of Celanese during the 4th quarter worth $20,909,000. 96.00% of the stock is owned by institutional investors.
Celanese (CE) traded up $0.11 on Friday, reaching $102.54. The company had a trading volume of 543,809 shares, compared to its average volume of 681,509. The company has a market cap of $13,910.00, a P/E ratio of 15.08, a PEG ratio of 1.35 and a beta of 1.27. Celanese has a twelve month low of $83.34 and a twelve month high of $114.00. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.79 and a quick ratio of 1.21.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Tuesday, February 20th will be issued a $0.46 dividend. The ex-dividend date of this dividend is Friday, February 16th. This represents a $1.84 annualized dividend and a yield of 1.79%. Celanese’s dividend payout ratio is presently 26.86%.
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Celanese Company Profile
Celanese Corporation (Celanese) is a technology and specialty materials company. The Company’s segments include Advanced Engineered Materials, Consumer Specialties, Industrial Specialties, Acetyl Intermediates and Other Activities. The Advanced Engineered Materials segment includes the Company’s engineered materials business and certain affiliates.
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