$5.02 EPS Expected for Celanese Co. (NYSE:CE) This Quarter

Equities research analysts forecast that Celanese Co. (NYSE:CE) will announce $5.02 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for Celanese’s earnings, with estimates ranging from $4.96 to $5.12. Celanese reported earnings of $2.09 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 140.2%. The company is expected to report its next earnings results on Thursday, January 27th.

According to Zacks, analysts expect that Celanese will report full-year earnings of $18.30 per share for the current year, with EPS estimates ranging from $18.25 to $18.38. For the next year, analysts anticipate that the firm will report earnings of $15.90 per share, with EPS estimates ranging from $15.00 to $16.75. Zacks’ EPS averages are an average based on a survey of analysts that follow Celanese.

Celanese (NYSE:CE) last announced its quarterly earnings results on Wednesday, October 20th. The basic materials company reported $4.82 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $4.75 by $0.07. Celanese had a return on equity of 42.83% and a net margin of 35.90%. The company had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.19 billion. During the same quarter in the previous year, the firm posted $1.95 EPS.

A number of brokerages have commented on CE. JPMorgan Chase & Co. boosted their target price on Celanese from $175.00 to $195.00 and gave the company an “overweight” rating in a research note on Monday, October 25th. Robert W. Baird boosted their target price on Celanese from $195.00 to $225.00 and gave the company an “outperform” rating in a research note on Monday, October 25th. Royal Bank of Canada upped their price target on Celanese from $188.00 to $198.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 26th. Piper Sandler initiated coverage on Celanese in a research note on Friday, November 12th. They set an “overweight” rating and a $200.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Celanese from $175.00 to $188.00 and gave the stock a “buy” rating in a research note on Wednesday, October 20th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $188.81.

In related news, SVP Vanessa Dupuis sold 512 shares of the business’s stock in a transaction dated Friday, November 5th. The stock was sold at an average price of $170.00, for a total transaction of $87,040.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.20% of the stock is currently owned by insiders.

A number of institutional investors have recently bought and sold shares of CE. Duality Advisers LP acquired a new position in shares of Celanese in the 2nd quarter worth approximately $4,318,000. Paloma Partners Management Co raised its holdings in shares of Celanese by 141.3% in the 2nd quarter. Paloma Partners Management Co now owns 20,323 shares of the basic materials company’s stock worth $3,081,000 after buying an additional 11,901 shares in the last quarter. Hillsdale Investment Management Inc. acquired a new position in shares of Celanese in the 2nd quarter worth approximately $556,000. Swiss National Bank raised its holdings in shares of Celanese by 3.6% in the 2nd quarter. Swiss National Bank now owns 465,563 shares of the basic materials company’s stock worth $70,579,000 after buying an additional 16,029 shares in the last quarter. Finally, Morgan Stanley raised its holdings in shares of Celanese by 22.8% in the 1st quarter. Morgan Stanley now owns 322,232 shares of the basic materials company’s stock worth $48,274,000 after buying an additional 59,770 shares in the last quarter. 93.12% of the stock is owned by hedge funds and other institutional investors.

Shares of Celanese stock traded down $1.53 on Thursday, reaching $165.96. 546,554 shares of the company were exchanged, compared to its average volume of 754,480. The firm has a market capitalization of $18.07 billion, a price-to-earnings ratio of 6.73, a price-to-earnings-growth ratio of 0.33 and a beta of 1.26. Celanese has a fifty-two week low of $115.42 and a fifty-two week high of $174.04. The company has a current ratio of 2.40, a quick ratio of 1.76 and a debt-to-equity ratio of 0.87. The stock has a fifty day moving average price of $161.69 and a 200-day moving average price of $158.64.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 15th. Investors of record on Monday, November 1st were given a dividend of $0.68 per share. The ex-dividend date of this dividend was Friday, October 29th. This represents a $2.72 annualized dividend and a dividend yield of 1.64%. Celanese’s dividend payout ratio is presently 11.03%.

About Celanese

Celanese Corp. engages in the provision of technology and specialty materials businesses. It operates through the following segments: Engineered Materials, Acetate Tow, Acetyl Chain and Other Activities .The Engineered Materials segment includes the engineered materials business, food ingredients business and certain strategic affiliates.

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