Celanese (NYSE:CE) will post its quarterly earnings results after the market closes on Monday, April 16th. Analysts expect Celanese to post earnings of $2.05 per share for the quarter.
Celanese (NYSE:CE) last issued its quarterly earnings data on Thursday, January 25th. The basic materials company reported $1.98 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.12. Celanese had a return on equity of 32.96% and a net margin of 13.73%. The company had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.49 billion. During the same period in the prior year, the business posted $1.52 earnings per share. The firm’s revenue for the quarter was up 21.5% compared to the same quarter last year. On average, analysts expect Celanese to post $9 EPS for the current fiscal year and $9 EPS for the next fiscal year.
NYSE:CE opened at $104.16 on Friday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.21 and a current ratio of 1.79. Celanese has a 52 week low of $83.34 and a 52 week high of $114.00. The firm has a market cap of $13,997.30, a price-to-earnings ratio of 13.87, a PEG ratio of 1.34 and a beta of 1.33.
A number of research analysts have commented on CE shares. Zacks Investment Research upgraded Celanese from a “hold” rating to a “buy” rating and set a $124.00 price target on the stock in a research note on Tuesday, January 23rd. Wells Fargo restated a “market perform” rating and set a $110.00 price target (up from $104.00) on shares of Celanese in a research note on Wednesday, January 17th. Citigroup upped their price target on Celanese from $123.00 to $128.00 and gave the stock a “buy” rating in a research note on Monday, January 29th. Jefferies Group restated a “buy” rating and set a $130.00 price target on shares of Celanese in a research note on Monday, January 29th. Finally, Deutsche Bank restated a “buy” rating and set a $128.00 price target on shares of Celanese in a research note on Monday, January 29th. One research analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $115.69.
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Celanese Corporation, a technology and specialty materials company, manufactures and sells value-added chemicals, thermoplastic polymers, and other chemical-based products worldwide. The company operates through Advanced Engineered Materials, Consumer Specialties, Industrial Specialties, and Acetyl Intermediates segments.
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