Celanese (NYSE:CE) will announce its earnings results after the market closes on Thursday, January 25th. Analysts expect the company to announce earnings of $1.84 per share for the quarter.

Celanese (NYSE:CE) last posted its quarterly earnings results on Monday, October 16th. The basic materials company reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.92 by $0.01. Celanese had a net margin of 13.66% and a return on equity of 31.98%. The business had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter last year, the firm posted $1.67 EPS. Celanese’s revenue was up 18.4% compared to the same quarter last year. On average, analysts expect Celanese to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Shares of Celanese (NYSE:CE) opened at $110.76 on Thursday. Celanese has a 52-week low of $81.26 and a 52-week high of $112.43. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.69 and a quick ratio of 1.16. The stock has a market cap of $15,020.00, a price-to-earnings ratio of 19.03, a P/E/G ratio of 1.50 and a beta of 1.32.

A number of equities analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Celanese from a “buy” rating to a “hold” rating in a report on Friday, December 15th. Tudor Pickering assumed coverage on shares of Celanese in a report on Tuesday, November 14th. They set a “buy” rating on the stock. Cowen lifted their price objective on shares of Celanese from $115.00 to $120.00 and gave the stock an “outperform” rating in a report on Wednesday, September 20th. Citigroup cut their price objective on shares of Celanese from $122.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday, October 18th. Finally, UBS Group lifted their price objective on shares of Celanese from $100.00 to $107.00 and gave the stock a “neutral” rating in a report on Tuesday, October 17th. One analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company’s stock. Celanese currently has an average rating of “Buy” and an average target price of $108.28.

In related news, CFO Christopher W. Jensen sold 1,000 shares of the business’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $104.68, for a total value of $104,680.00. Following the sale, the chief financial officer now directly owns 60,086 shares in the company, valued at approximately $6,289,802.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Christopher W. Jensen sold 3,000 shares of the business’s stock in a transaction dated Thursday, January 11th. The shares were sold at an average price of $110.00, for a total value of $330,000.00. Following the completion of the sale, the chief financial officer now owns 52,924 shares in the company, valued at $5,821,640. The disclosure for this sale can be found here. Insiders have sold a total of 6,500 shares of company stock worth $699,380 over the last quarter. Company insiders own 0.42% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Celanese (CE) Set to Announce Quarterly Earnings on Thursday” was published by American Banking News and is owned by of American Banking News. If you are viewing this news story on another site, it was illegally copied and republished in violation of United States & international trademark & copyright laws. The original version of this news story can be viewed at https://www.americanbankingnews.com/2018/01/18/celanese-ce-set-to-announce-quarterly-earnings-on-thursday.html.

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.

Earnings History for Celanese (NYSE:CE)

Receive News & Ratings for Celanese Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Celanese and related companies with MarketBeat.com's FREE daily email newsletter.