Analysts expect Celanese Co. (NYSE:CE) to announce earnings of $2.36 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Celanese’s earnings, with the highest EPS estimate coming in at $2.46 and the lowest estimate coming in at $2.30. Celanese posted earnings per share of $2.90 in the same quarter last year, which indicates a negative year over year growth rate of 18.6%. The company is expected to announce its next earnings results after the market closes on Monday, July 22nd.

On average, analysts expect that Celanese will report full year earnings of $10.17 per share for the current year, with EPS estimates ranging from $9.75 to $10.52. For the next financial year, analysts forecast that the business will post earnings of $11.49 per share, with EPS estimates ranging from $10.69 to $12.31. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Celanese.

Celanese (NYSE:CE) last posted its earnings results on Monday, April 22nd. The basic materials company reported $2.62 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.49 by $0.13. Celanese had a net margin of 16.89% and a return on equity of 39.76%. The business had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $1.76 billion. During the same quarter in the prior year, the business earned $2.79 EPS. The business’s revenue for the quarter was down 8.9% compared to the same quarter last year.

Several analysts have recently weighed in on CE shares. Deutsche Bank lifted their target price on Texas Instruments from $100.00 to $110.00 and gave the stock a “hold” rating in a research report on Wednesday, April 24th. BMO Capital Markets restated a “market perform” rating and set a C$17.00 price target on shares of Wajax in a research note on Thursday, June 20th. Cowen reiterated a “buy” rating on shares of Ovid Therapeutics in a research report on Monday, July 1st. ValuEngine downgraded Welbilt from a “hold” rating to a “sell” rating in a report on Wednesday, June 12th. Finally, Zacks Investment Research raised Green Brick Partners from a “sell” rating to a “hold” rating in a report on Thursday, April 25th. Ten equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Celanese currently has an average rating of “Hold” and a consensus price target of $118.00.

In other Celanese news, Director John K. Wulff sold 9,175 shares of the stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $108.32, for a total transaction of $993,836.00. Following the completion of the transaction, the director now directly owns 19,872 shares of the company’s stock, valued at approximately $2,152,535.04. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.57% of the stock is currently owned by corporate insiders.

Large investors have recently made changes to their positions in the stock. Advisory Alpha LLC bought a new stake in shares of Celanese in the first quarter valued at about $27,000. Investors Research Corp acquired a new stake in shares of Celanese in the first quarter valued at approximately $41,000. Acima Private Wealth LLC increased its holdings in shares of Celanese by 28.6% in the first quarter. Acima Private Wealth LLC now owns 450 shares of the basic materials company’s stock valued at $44,000 after purchasing an additional 100 shares in the last quarter. Icon Wealth Partners LLC acquired a new stake in Celanese during the 1st quarter worth $56,000. Finally, Valeo Financial Advisors LLC grew its holdings in Celanese by 31.3% during the 2nd quarter. Valeo Financial Advisors LLC now owns 524 shares of the basic materials company’s stock worth $56,000 after acquiring an additional 125 shares during the period. Institutional investors and hedge funds own 97.33% of the company’s stock.

NYSE CE traded up $0.97 on Friday, reaching $107.06. 881,990 shares of the stock were exchanged, compared to its average volume of 1,092,499. Celanese has a one year low of $82.91 and a one year high of $119.29. The firm has a market cap of $13.51 billion, a price-to-earnings ratio of 9.73, a PEG ratio of 1.05 and a beta of 1.42. The firm’s 50-day moving average price is $104.17. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.58 and a quick ratio of 1.03.

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 5th. Investors of record on Friday, July 26th will be paid a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 2.32%. The ex-dividend date of this dividend is Thursday, July 25th. Celanese’s dividend payout ratio (DPR) is 22.55%.

Celanese Company Profile

Celanese Corporation, a technology and specialty materials company, manufactures and sells high performance engineered polymers in the United States and internationally. The company operates through Engineered Materials, Acetate Tow, and Acetyl Chain segments. The Engineered Materials segment develops, produces, and supplies specialty polymers for automotive and medical applications, as well as for use in industrial products and consumer electronics.

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Earnings History and Estimates for Celanese (NYSE:CE)

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