Brokerages predict that Celanese Co. (NYSE:CE) will report sales of $1.52 billion for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Celanese’s earnings. The lowest sales estimate is $1.48 billion and the highest is $1.56 billion. Celanese posted sales of $1.31 billion in the same quarter last year, which suggests a positive year over year growth rate of 16%. The company is expected to issue its next quarterly earnings results after the market closes on Thursday, January 25th.

According to Zacks, analysts expect that Celanese will report full year sales of $1.52 billion for the current fiscal year, with estimates ranging from $6.01 billion to $6.10 billion. For the next financial year, analysts anticipate that the business will post sales of $6.47 billion per share, with estimates ranging from $6.17 billion to $6.70 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Celanese.

Celanese (NYSE:CE) last posted its quarterly earnings data on Monday, October 16th. The basic materials company reported $1.93 EPS for the quarter, topping the consensus estimate of $1.92 by $0.01. The firm had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.49 billion. Celanese had a return on equity of 31.98% and a net margin of 13.66%. Celanese’s revenue was up 18.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.67 EPS.

CE has been the subject of several analyst reports. ValuEngine lowered Celanese from a “strong-buy” rating to a “buy” rating in a research note on Friday, October 6th. Cowen restated a “buy” rating on shares of Celanese in a research note on Sunday, October 29th. Zacks Investment Research upgraded Celanese from a “hold” rating to a “buy” rating and set a $118.00 price objective for the company in a research note on Monday, December 18th. KeyCorp upped their price objective on Celanese from $106.00 to $116.00 and gave the stock an “overweight” rating in a research note on Monday, October 16th. Finally, Instinet restated a “neutral” rating and issued a $100.00 price objective (up from $97.00) on shares of Celanese in a research note on Friday, October 13th. One analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Celanese has an average rating of “Buy” and a consensus price target of $108.17.

In other Celanese news, CFO Christopher W. Jensen sold 3,000 shares of the stock in a transaction dated Thursday, January 11th. The shares were sold at an average price of $110.00, for a total transaction of $330,000.00. Following the completion of the transaction, the chief financial officer now 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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Christopher W. Jensen sold 1,000 shares of the stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $104.68, for a total transaction of $104,680.00. Following the transaction, the chief financial officer now directly owns 60,086 shares of the company’s stock, valued at approximately $6,289,802.48. The disclosure for this sale can be found here. Insiders sold a total of 6,500 shares of company stock valued at $699,380 in the last quarter. 0.42% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Principal Financial Group Inc. lifted its holdings in shares of Celanese by 3.7% in the 2nd quarter. Principal Financial Group Inc. now owns 33,322 shares of the basic materials company’s stock valued at $3,164,000 after acquiring an additional 1,197 shares during the last quarter. Eaton Vance Management lifted its holdings in shares of Celanese by 2.0% in the 2nd quarter. Eaton Vance Management now owns 15,343 shares of the basic materials company’s stock valued at $1,457,000 after acquiring an additional 305 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Celanese by 24.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,059 shares of the basic materials company’s stock valued at $101,000 after acquiring an additional 206 shares during the last quarter. Stephens Inc. AR bought a new position in shares of Celanese in the 2nd quarter valued at about $562,000. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Celanese by 11.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 145,373 shares of the basic materials company’s stock valued at $13,803,000 after acquiring an additional 14,454 shares during the last quarter. 96.06% of the stock is owned by institutional investors and hedge funds.

Celanese (CE) traded up $0.07 during trading hours on Tuesday, hitting $111.34. The stock had a trading volume of 452,600 shares, compared to its average volume of 516,044. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.69 and a quick ratio of 1.16. The stock has a market cap of $15,100.00, a price-to-earnings ratio of 19.13, a price-to-earnings-growth ratio of 1.50 and a beta of 1.32. Celanese has a 52-week low of $81.01 and a 52-week high of $112.43.

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About Celanese

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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