Equities research analysts forecast that Celanese Co. (NYSE:CE) will announce earnings per share of $2.27 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Celanese’s earnings. The highest EPS estimate is $2.49 and the lowest is $2.14. Celanese posted earnings of $1.98 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 14.6%. The business is scheduled to announce its next earnings report on Thursday, January 24th.

On average, analysts expect that Celanese will report full year earnings of $10.74 per share for the current financial year, with EPS estimates ranging from $10.55 to $11.00. For the next year, analysts expect that the business will post earnings of $11.02 per share, with EPS estimates ranging from $10.70 to $11.50. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that follow Celanese.

Celanese (NYSE:CE) last issued its quarterly earnings data on Thursday, October 18th. The basic materials company reported $2.96 earnings per share for the quarter, topping the consensus estimate of $2.74 by $0.22. The business had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.81 billion. Celanese had a net margin of 18.57% and a return on equity of 40.38%. The company’s revenue was up 13.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.93 EPS.

A number of equities analysts have recently commented on the stock. Zacks Investment Research cut shares of Celanese from a “strong-buy” rating to a “hold” rating in a report on Monday, September 24th. Barclays lifted their target price on shares of Celanese from $140.00 to $145.00 and gave the company an “overweight” rating in a report on Monday, July 30th. Citigroup lifted their target price on shares of Celanese from $130.00 to $131.00 and gave the company a “buy” rating in a report on Wednesday, July 11th. ValuEngine cut shares of Celanese from a “hold” rating to a “sell” rating in a report on Tuesday, October 2nd. Finally, Morgan Stanley lifted their target price on shares of Celanese from $112.00 to $120.00 and gave the company a “$113.06” rating in a report on Monday, July 23rd. Three analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $123.11.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its stake in shares of Celanese by 1.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 739,082 shares of the basic materials company’s stock worth $74,062,000 after purchasing an additional 8,459 shares during the period. Principal Financial Group Inc. grew its stake in shares of Celanese by 22.9% during the 1st quarter. Principal Financial Group Inc. now owns 171,982 shares of the basic materials company’s stock worth $17,234,000 after purchasing an additional 32,101 shares during the period. Commonwealth Equity Services LLC grew its stake in shares of Celanese by 23.8% during the 1st quarter. Commonwealth Equity Services LLC now owns 5,584 shares of the basic materials company’s stock worth $559,000 after purchasing an additional 1,073 shares during the period. UBS Group AG grew its stake in shares of Celanese by 0.9% during the 1st quarter. UBS Group AG now owns 286,581 shares of the basic materials company’s stock worth $28,719,000 after purchasing an additional 2,593 shares during the period. Finally, Blair William & Co. IL grew its stake in shares of Celanese by 33.4% during the 1st quarter. Blair William & Co. IL now owns 2,884 shares of the basic materials company’s stock worth $289,000 after purchasing an additional 722 shares during the period. 94.96% of the stock is currently owned by institutional investors.

Shares of NYSE:CE traded up $2.45 during trading on Monday, hitting $99.62. 2,736,897 shares of the company were exchanged, compared to its average volume of 1,249,027. The company has a market capitalization of $13.12 billion, a PE ratio of 13.26, a P/E/G ratio of 0.90 and a beta of 1.30. Celanese has a 12-month low of $95.45 and a 12-month high of $119.29. The company has a current ratio of 1.96, a quick ratio of 1.39 and a debt-to-equity ratio of 0.85.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 8th. Shareholders of record on Monday, October 29th will be paid a $0.54 dividend. The ex-dividend date is Friday, October 26th. This represents a $2.16 annualized dividend and a yield of 2.17%. Celanese’s dividend payout ratio is currently 28.76%.

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.

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