Celanese Co. (NYSE:CE) – SunTrust Banks boosted their Q4 2017 earnings per share estimates for Celanese in a note issued to investors on Tuesday. SunTrust Banks analyst J. Sheehan now expects that the basic materials company will earn $1.92 per share for the quarter, up from their previous estimate of $1.83. SunTrust Banks currently has a “Buy” rating on the stock.

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

Other equities analysts have also recently issued research reports about the stock. ValuEngine cut shares of Celanese from a “strong-buy” rating to a “buy” rating in a research report on Friday, October 6th. Cowen reissued a “buy” rating on shares of Celanese in a research report on Sunday, October 29th. 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. KeyCorp lifted their price target on shares of Celanese from $106.00 to $116.00 and gave the stock an “overweight” rating in a report on Monday, October 16th. Finally, Instinet reaffirmed a “neutral” rating and issued a $100.00 price target (up previously from $97.00) on shares of Celanese in a report on Friday, October 13th. 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 assigned a strong buy rating to the company. Celanese currently has an average rating of “Buy” and a consensus price target of $108.28.

Shares of Celanese (NYSE CE) opened at $110.76 on Thursday. 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 company has a market capitalization of $14,875.20, a PE ratio of 19.33, a PEG ratio of 1.48 and a beta of 1.32. Celanese has a 12 month low of $81.26 and a 12 month high of $112.43.

Several hedge funds and other institutional investors have recently bought and sold shares of CE. Vanguard Group Inc. lifted its stake in Celanese by 1.3% in the second quarter. Vanguard Group Inc. now owns 11,890,128 shares of the basic materials company’s stock worth $1,128,848,000 after purchasing an additional 153,112 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in Celanese by 13.4% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,150,894 shares of the basic materials company’s stock worth $224,274,000 after purchasing an additional 253,809 shares during the last quarter. Fuller & Thaler Asset Management Inc. lifted its stake in Celanese by 5.5% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 1,683,032 shares of the basic materials company’s stock worth $175,490,000 after purchasing an additional 88,311 shares during the last quarter. Westfield Capital Management Co. LP lifted its stake in Celanese by 15.4% in the third quarter. Westfield Capital Management Co. LP now owns 1,048,124 shares of the basic materials company’s stock worth $109,288,000 after purchasing an additional 140,148 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. lifted its stake in Celanese by 0.3% in the third quarter. Amundi Pioneer Asset Management Inc. now owns 812,483 shares of the basic materials company’s stock worth $84,718,000 after purchasing an additional 2,188 shares during the last quarter. 96.06% of the stock is owned by institutional investors.

In other news, CFO Christopher W. Jensen sold 1,000 shares of Celanese stock in a transaction 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 directly owns 60,086 shares of the company’s stock, valued at approximately $6,289,802.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Christopher W. Jensen sold 3,000 shares of Celanese stock in a transaction on Thursday, January 11th. The stock was sold at an average price of $110.00, for a total transaction of $330,000.00. Following the sale, the chief financial officer now directly owns 52,924 shares of the company’s stock, 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 valued at $699,380 over the last 90 days. Company insiders own 0.42% 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.

Earnings History and Estimates for Celanese (NYSE:CE)

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