Equities analysts forecast that Celanese Co. (NYSE:CE) will announce $1.84 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for Celanese’s earnings, with estimates ranging from $1.80 to $1.97. Celanese posted earnings of $1.52 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 21.1%. The business is scheduled to announce its next earnings results on Wednesday, February 7th.

On average, analysts expect that Celanese will report full year earnings of $7.37 per share for the current year, with EPS estimates ranging from $7.33 to $7.50. For the next fiscal year, analysts anticipate that the company will report earnings of $8.23 per share, with EPS estimates ranging from $8.10 to $8.45. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Celanese.

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

Several research firms have commented on CE. ValuEngine downgraded shares of Celanese from a “strong-buy” rating to a “buy” rating in a research report on Friday, October 6th. Nomura increased their target price on shares of Celanese from $97.00 to $100.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 10th. KeyCorp increased their target price on shares of Celanese from $106.00 to $116.00 and gave the stock an “overweight” rating in a research report on Monday, October 16th. Instinet reissued a “neutral” rating and set a $100.00 target price (up from $97.00) on shares of Celanese in a research report on Friday, October 13th. Finally, UBS increased their target price on shares of Celanese from $100.00 to $107.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 17th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $107.74.

Shares of Celanese (CE) opened at $106.54 on Monday. The company has a current ratio of 1.69, a quick ratio of 1.16 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $14,450.66, a price-to-earnings ratio of 15.11, a P/E/G ratio of 1.61 and a beta of 1.32. Celanese has a 1-year low of $78.38 and a 1-year high of $109.11.

In related news, CFO Christopher W. Jensen sold 1,000 shares of Celanese stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $104.68, for a total transaction of $104,680.00. Following the sale, the chief financial officer now directly owns 60,086 shares of the company’s stock, valued at $6,289,802.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director John K. Wulff sold 2,500 shares of Celanese stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $105.88, for a total value of $264,700.00. Following the sale, the director now directly owns 30,175 shares in the company, valued at $3,194,929. The disclosure for this sale can be found here. Company insiders own 0.42% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. lifted its stake in Celanese by 24.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,059 shares of the basic materials company’s stock worth $101,000 after purchasing an additional 206 shares during the period. Fiduciary Trust Co. bought a new position in Celanese during the second quarter worth about $150,000. Toronto Dominion Bank lifted its stake in Celanese by 8.4% during the second quarter. Toronto Dominion Bank now owns 1,731 shares of the basic materials company’s stock worth $164,000 after purchasing an additional 134 shares during the period. Blair William & Co. IL bought a new position in Celanese during the second quarter worth about $203,000. Finally, Advisor Group Inc. lifted its stake in Celanese by 46.9% during the second quarter. Advisor Group Inc. now owns 2,241 shares of the basic materials company’s stock worth $212,000 after purchasing an additional 715 shares during the period. 96.16% of the stock is currently owned by institutional investors and hedge funds.

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Celanese Company Profile

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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