$2.49 Earnings Per Share Expected for Celanese Co. (CE) This Quarter
Equities research analysts expect Celanese Co. (NYSE:CE) to post $2.49 earnings per share for the current quarter, Zacks reports. Four analysts have made estimates for Celanese’s earnings, with the lowest EPS estimate coming in at $2.30 and the highest estimate coming in at $2.77. Celanese reported earnings per share of $2.79 in the same quarter last year, which would suggest a negative year over year growth rate of 10.8%. The company is scheduled to report its next quarterly earnings report after the market closes on Monday, April 22nd.
According to Zacks, analysts expect that Celanese will report full year earnings of $10.41 per share for the current financial year, with EPS estimates ranging from $9.75 to $10.74. For the next year, analysts forecast that the firm will post earnings of $11.72 per share, with EPS estimates ranging from $10.62 to $12.20. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that cover Celanese.
Celanese (NYSE:CE) last posted its quarterly earnings results on Monday, January 28th. The basic materials company reported $2.38 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.40 by ($0.02). The firm had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.72 billion. Celanese had a net margin of 16.87% and a return on equity of 40.37%. The business’s revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.98 earnings per share.
Large investors have recently added to or reduced their stakes in the company. Baystate Wealth Management LLC grew its stake in shares of Celanese by 200.9% in the fourth quarter. Baystate Wealth Management LLC now owns 331 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 221 shares in the last quarter. Acima Private Wealth LLC bought a new position in shares of Celanese in the fourth quarter worth $31,000. Pearl River Capital LLC bought a new position in shares of Celanese in the fourth quarter worth $36,000. Prime Capital Investment Advisors LLC bought a new position in shares of Celanese in the fourth quarter worth $37,000. Finally, Doyle Wealth Management bought a new position in shares of Celanese in the fourth quarter worth $62,000. 96.45% of the stock is owned by institutional investors.
CE stock opened at $105.19 on Friday. The company has a current ratio of 1.62, a quick ratio of 1.03 and a debt-to-equity ratio of 0.88. The company has a market cap of $13.47 billion, a P/E ratio of 9.56, a PEG ratio of 1.01 and a beta of 1.32. Celanese has a 12-month low of $82.91 and a 12-month high of $119.29.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Monday, April 29th will be paid a dividend of $0.62 per share. This is an increase from Celanese’s previous quarterly dividend of $0.54. This represents a $2.48 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date is Friday, April 26th. Celanese’s dividend payout ratio is presently 19.64%.
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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