Wall Street brokerages predict that Celanese Co. (NYSE:CE) will report earnings of $2.44 per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Celanese’s earnings, with estimates ranging from $2.30 to $2.70. Celanese posted earnings of $1.98 per share in the same quarter last year, which suggests a positive year over year growth rate of 23.2%. The firm is expected to report its next quarterly earnings report on Thursday, January 24th.

According to Zacks, analysts expect that Celanese will report full year earnings of $11.10 per share for the current financial year, with EPS estimates ranging from $10.95 to $11.35. For the next fiscal year, analysts expect that the business will report earnings of $11.30 per share, with EPS estimates ranging from $11.10 to $11.50. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Celanese.

Celanese (NYSE:CE) last issued its earnings results on Thursday, October 18th. The basic materials company reported $2.96 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.74 by $0.22. Celanese had a return on equity of 39.39% and a net margin of 18.57%. The firm had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter last year, the business earned $1.93 earnings per share. The company’s revenue was up 13.1% compared to the same quarter last year.

CE has been the topic of a number of research analyst reports. Zacks Investment Research lowered Celanese from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 24th. Nomura dropped their price target on Celanese from $120.00 to $108.00 and set a “neutral” rating on the stock in a research report on Monday, October 15th. ValuEngine lowered Celanese from a “hold” rating to a “sell” rating in a research report on Tuesday, October 2nd. Vertical Research raised Celanese from a “hold” rating to a “buy” rating and set a $125.00 target price on the stock in a research report on Wednesday, October 17th. Finally, Citigroup dropped their target price on Celanese from $134.00 to $118.00 and set a “buy” rating on the stock in a research report on Thursday, October 11th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and twelve have given a buy rating to the company. Celanese has a consensus rating of “Buy” and a consensus target price of $121.67.

CE traded down $3.40 during midday trading on Friday, reaching $91.26. 1,330,225 shares of the company were exchanged, compared to its average volume of 1,201,275. The company has a current ratio of 2.08, a quick ratio of 1.40 and a debt-to-equity ratio of 0.81. Celanese has a one year low of $91.20 and a one year high of $119.29. The stock has a market cap of $12.20 billion, a P/E ratio of 12.15, a price-to-earnings-growth ratio of 0.82 and a beta of 1.41.

Institutional investors have recently made changes to their positions in the stock. New York State Teachers Retirement System bought a new position in Celanese in the second quarter valued at approximately $100,000. First Bank & Trust grew its stake in Celanese by 106.4% in the third quarter. First Bank & Trust now owns 1,092 shares of the basic materials company’s stock valued at $127,000 after purchasing an additional 563 shares in the last quarter. Parallel Advisors LLC grew its stake in Celanese by 875.0% in the third quarter. Parallel Advisors LLC now owns 1,170 shares of the basic materials company’s stock valued at $133,000 after purchasing an additional 1,050 shares in the last quarter. Capital Guardian Trust Co. bought a new position in Celanese in the third quarter valued at approximately $189,000. Finally, Quantum Capital Management bought a new position in Celanese in the second quarter valued at approximately $208,000. 96.46% of the stock is currently owned by institutional investors and hedge funds.

About Celanese

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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Earnings History and Estimates for Celanese (NYSE:CE)

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