Equities research analysts expect Celanese Co. (NYSE:CE) to announce $1.52 billion in sales for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Celanese’s earnings, with the lowest sales estimate coming in at $1.48 billion and the highest estimate coming in at $1.56 billion. Celanese posted sales of $1.31 billion in the same quarter last year, which suggests a positive year over year growth rate of 16%. The company is scheduled to issue its next quarterly earnings report after the market closes on Thursday, January 25th.

According to Zacks, analysts expect that Celanese will report full-year sales of $1.52 billion for the current fiscal year, with estimates ranging from $6.01 billion to $6.10 billion. For the next financial year, analysts anticipate that the business will report sales of $6.47 billion per share, with estimates ranging from $6.17 billion to $6.70 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that cover Celanese.

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

A number of equities analysts have recently commented on CE shares. ValuEngine lowered shares of Celanese from a “strong-buy” rating to a “buy” rating in a research report on Friday, October 6th. Nomura raised 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. Zacks Investment Research raised shares of Celanese from a “hold” rating to a “buy” rating and set a $118.00 target price on the stock in a research report on Monday, December 18th. UBS Group raised 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. Finally, Cowen reaffirmed a “buy” rating on shares of Celanese in a research report on Sunday, October 29th. One analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $108.17.

Shares of Celanese (CE) traded up $0.07 during trading hours on Tuesday, hitting $111.34. 452,600 shares of the stock were exchanged, compared to its average volume of 516,044. The stock has a market capitalization of $15,100.00, a price-to-earnings ratio of 19.13, a PEG ratio of 1.50 and a beta of 1.32. Celanese has a fifty-two week low of $81.01 and a fifty-two week high of $112.43. The company has a current ratio of 1.69, a quick ratio of 1.16 and a debt-to-equity ratio of 0.94.

In other Celanese news, Director John K. Wulff sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $105.88, for a total value of $264,700.00. Following the completion of the sale, the director now directly owns 30,175 shares in the company, valued at $3,194,929. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Christopher W. Jensen sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $104.68, for a total transaction of $104,680.00. Following the completion of the sale, the chief financial officer now owns 60,086 shares of the company’s stock, valued at $6,289,802.48. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,500 shares of company stock worth $699,380. 0.42% of the stock is currently owned by corporate insiders.

Large investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. lifted its position 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 valued at $101,000 after purchasing an additional 206 shares during the period. First PREMIER Bank lifted its position in Celanese by 900.0% during the fourth quarter. First PREMIER Bank now owns 1,000 shares of the basic materials company’s stock valued at $107,000 after purchasing an additional 900 shares during the period. Toronto Dominion Bank lifted its position in Celanese by 8.4% during the second quarter. Toronto Dominion Bank now owns 1,731 shares of the basic materials company’s stock valued at $164,000 after purchasing an additional 134 shares during the period. Peapack Gladstone Financial Corp acquired a new position in Celanese during the second quarter valued at $212,000. Finally, Advisor Group Inc. lifted its position in Celanese by 46.9% during the second quarter. Advisor Group Inc. now owns 2,241 shares of the basic materials company’s stock valued at $212,000 after purchasing an additional 715 shares during the period. Institutional investors and hedge funds own 96.06% of the company’s stock.

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About Celanese

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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