Wall Street brokerages predict that Celanese Co. (NYSE:CE) will report earnings per share (EPS) of $2.32 for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Celanese’s earnings, with estimates ranging from $2.22 to $2.40. Celanese posted earnings per share of $1.81 during the same quarter last year, which would suggest a positive year-over-year growth rate of 28.2%. The company is scheduled to issue its next earnings results on Monday, April 16th.
According to Zacks, 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 research analysts that follow Celanese.
Celanese (NYSE:CE) last released its quarterly earnings data on Thursday, January 25th. The basic materials company reported $1.98 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.86 by $0.12. The firm had revenue of $1.59 billion for 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 company’s quarterly revenue was up 21.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.52 earnings per share.
Several research firms recently issued reports on CE. Robert W. Baird reissued a “buy” rating and issued a $130.00 target price on shares of Celanese in a research note on Monday, January 29th. Deutsche Bank reissued a “buy” rating and issued a $128.00 target price on shares of Celanese in a research note on Monday, January 29th. Jefferies Group reissued a “buy” rating and issued a $130.00 target price on shares of Celanese in a research note on Monday, January 29th. Citigroup raised their target price on Celanese from $123.00 to $128.00 and gave the stock a “buy” rating in a research note on Monday, January 29th. Finally, UBS Group raised their target price on Celanese from $107.00 to $113.00 and gave the stock a “neutral” rating in a research note on Friday, January 26th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. Celanese has an average rating of “Buy” and an average target price of $113.28.
In other Celanese news, CFO Christopher W. Jensen sold 3,000 shares of Celanese stock in a transaction that occurred on Thursday, January 11th. The stock was sold at an average price of $110.00, for a total transaction of $330,000.00. Following the sale, the chief financial officer now directly owns 52,924 shares of the company’s stock, valued at approximately $5,821,640. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.42% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of CE. First PREMIER Bank boosted its position in shares of Celanese by 900.0% in the 4th quarter. First PREMIER Bank now owns 1,000 shares of the basic materials company’s stock worth $107,000 after purchasing an additional 900 shares in the last quarter. Cerebellum GP LLC bought a new stake in shares of Celanese in the 4th quarter worth approximately $129,000. Compagnie Lombard Odier SCmA bought a new stake in shares of Celanese in the 4th quarter worth approximately $160,000. Toronto Dominion Bank boosted its position in shares of Celanese by 8.4% in the 2nd quarter. Toronto Dominion Bank now owns 1,731 shares of the basic materials company’s stock worth $164,000 after purchasing an additional 134 shares in the last quarter. Finally, Lido Advisors LLC bought a new stake in shares of Celanese in the 4th quarter worth approximately $200,000. 96.00% of the stock is currently owned by hedge funds and other institutional investors.
Celanese (NYSE:CE) traded up $0.11 during midday trading on Friday, hitting $102.54. The company had a trading volume of 543,809 shares, compared to its average volume of 681,509. The company has a quick ratio of 1.21, a current ratio of 1.79 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $13,910.00, a PE ratio of 15.08, a PEG ratio of 1.35 and a beta of 1.27. Celanese has a 12 month low of $83.34 and a 12 month high of $114.00.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Tuesday, February 20th will be given a dividend of $0.46 per share. The ex-dividend date is Friday, February 16th. This represents a $1.84 annualized dividend and a yield of 1.79%. Celanese’s payout ratio is 26.86%.
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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