Wall Street brokerages expect Celanese (NYSE:CE) to announce $2.30 earnings per share for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Celanese’s earnings. The highest EPS estimate is $2.44 and the lowest is $2.18. Celanese posted earnings of $1.79 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 28.5%. The company is scheduled to report its next quarterly earnings results on Monday, July 23rd.

On average, analysts expect that Celanese will report full year earnings of $9.24 per share for the current year, with EPS estimates ranging from $8.60 to $9.50. For the next financial year, analysts expect that the business will report earnings of $9.93 per share, with EPS estimates ranging from $9.35 to $10.65. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Celanese.

Celanese (NYSE:CE) last released its earnings results on Monday, April 16th. The basic materials company reported $2.79 earnings per share for the quarter, topping the consensus estimate of $2.33 by $0.46. The business had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.66 billion. Celanese had a net margin of 15.69% and a return on equity of 35.22%. The firm’s quarterly revenue was up 25.8% compared to the same quarter last year. During the same period last year, the firm posted $1.81 earnings per share.

Several analysts recently commented on CE shares. Zacks Investment Research upgraded shares of Celanese from a “hold” rating to a “buy” rating and set a $117.00 price target for the company in a report on Wednesday, April 11th. Deutsche Bank restated a “buy” rating and set a $128.00 price target on shares of Celanese in a report on Monday, January 29th. ValuEngine cut shares of Celanese from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. Cowen restated an “outperform” rating and set a $125.00 price target (up from $120.00) on shares of Celanese in a report on Friday, May 4th. Finally, Jefferies Group restated a “buy” rating and set a $130.00 price target on shares of Celanese in a report on Monday, January 29th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the company. Celanese presently has a consensus rating of “Hold” and a consensus target price of $114.96.

Celanese stock opened at $108.25 on Friday. The company has a market capitalization of $14.70 billion, a PE ratio of 12.74, a PEG ratio of 1.31 and a beta of 1.31. The company has a current ratio of 1.88, a quick ratio of 1.28 and a debt-to-equity ratio of 0.91. Celanese has a fifty-two week low of $106.33 and a fifty-two week high of $108.50.

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 10th. Shareholders of record on Monday, April 30th were paid a $0.54 dividend. The ex-dividend date of this dividend was Friday, April 27th. This is a boost from Celanese’s previous quarterly dividend of $0.46. This represents a $2.16 dividend on an annualized basis and a yield of 2.00%. Celanese’s payout ratio is 28.76%.

A number of hedge funds and other institutional investors have recently bought and sold shares of CE. BlackRock Inc. lifted its stake in Celanese by 4.8% in the first quarter. BlackRock Inc. now owns 7,450,478 shares of the basic materials company’s stock valued at $746,612,000 after acquiring an additional 341,770 shares during the last quarter. Amundi Pioneer Asset Management Inc. lifted its stake in Celanese by 37.2% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 1,114,498 shares of the basic materials company’s stock valued at $119,340,000 after acquiring an additional 302,015 shares during the last quarter. Victory Capital Management Inc. lifted 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 during the last quarter. O Shaughnessy Asset Management LLC lifted its stake in Celanese by 57.3% in the first quarter. O Shaughnessy Asset Management LLC now owns 574,051 shares of the basic materials company’s stock valued at $57,527,000 after acquiring an additional 209,102 shares during the last quarter. Finally, Baird Financial Group Inc. acquired a new stake in Celanese in the fourth quarter valued at approximately $20,909,000. Hedge funds and other institutional investors own 94.42% of the company’s stock.

Celanese Company Profile

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.

Get a free copy of the Zacks research report on Celanese (CE)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Celanese (NYSE:CE)

Receive News & Ratings for Celanese Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Celanese and related companies with MarketBeat.com's FREE daily email newsletter.