Celanese Co. (CE) Expected to Post Earnings of $2.32 Per Share

Equities analysts expect Celanese Co. (NYSE:CE) to announce $2.32 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Celanese’s earnings, with the lowest EPS estimate coming in at $2.22 and the highest estimate coming in at $2.40. Celanese posted earnings per share of $1.81 in the same quarter last year, which would suggest a positive year over year growth rate of 28.2%. The business is scheduled to announce its next 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 financial year, with EPS estimates ranging from $8.40 to $8.60. For the next year, analysts anticipate that the company will report 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 that provide coverage for Celanese.

Celanese (NYSE:CE) last posted its quarterly earnings data on Thursday, January 25th. The basic materials company reported $1.98 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.86 by $0.12. The company had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.49 billion. Celanese had a net margin of 13.73% and a return on equity of 32.96%. The firm’s revenue for the quarter was up 21.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.52 EPS.

A number of equities analysts have recently commented on the stock. UBS Group raised their target price on shares of Celanese from $107.00 to $113.00 and gave the stock a “neutral” rating in a research report on Friday, January 26th. SunTrust Banks reaffirmed a “buy” rating on shares of Celanese in a research report on Wednesday, January 17th. Zacks Investment Research lowered shares of Celanese from a “buy” rating to a “hold” rating in a research report on Friday, December 15th. Tudor Pickering assumed coverage on shares of Celanese in a research report on Tuesday, November 14th. They set a “buy” rating on the stock. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $130.00 target price on shares of Celanese in a research report on Monday, January 29th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $113.28.

Celanese (NYSE:CE) opened at $102.49 on Friday. The company has a market cap of $13,985.43, a P/E ratio of 16.80, a PEG ratio of 1.36 and a beta of 1.27. Celanese has a 1 year low of $83.34 and a 1 year high of $114.00. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.16 and a current ratio of 1.79.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Tuesday, February 20th will be issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 1.80%. The ex-dividend date is Friday, February 16th. Celanese’s payout ratio is 30.16%.

In related news, CFO Christopher W. Jensen sold 3,000 shares of Celanese stock in a transaction that occurred on Thursday, January 11th. The shares were sold at an average price of $110.00, for a total transaction of $330,000.00. Following the transaction, the chief financial officer now directly owns 52,924 shares of the company’s stock, valued at $5,821,640. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.42% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. boosted its stake in Celanese by 1.1% in the fourth quarter. BlackRock Inc. now owns 7,108,708 shares of the basic materials company’s stock valued at $761,200,000 after acquiring an additional 74,850 shares in the last quarter. Lyrical Asset Management LP boosted its stake in Celanese by 2.3% in the fourth quarter. Lyrical Asset Management LP now owns 3,094,039 shares of the basic materials company’s stock valued at $331,310,000 after acquiring an additional 68,563 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Celanese by 10.5% in the fourth quarter. Victory Capital Management Inc. now owns 2,230,082 shares of the basic materials company’s stock valued at $238,797,000 after acquiring an additional 212,134 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in Celanese by 2.4% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,202,996 shares of the basic materials company’s stock valued at $235,897,000 after acquiring an additional 52,102 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Celanese by 0.7% in the fourth quarter. Bank of New York Mellon Corp now owns 1,982,911 shares of the basic materials company’s stock valued at $212,331,000 after acquiring an additional 13,672 shares in the last quarter. Institutional investors own 95.77% of the company’s stock.

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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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Earnings History and Estimates for Celanese (NYSE:CE)

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