Wall Street analysts expect Celanese Co. (NYSE:CE) to report earnings of $2.45 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Celanese’s earnings, with the lowest EPS estimate coming in at $2.27 and the highest estimate coming in at $2.70. Celanese posted earnings per share of $2.62 in the same quarter last year, which would indicate a negative year over year growth rate of 6.5%. The company is expected to announce its next quarterly earnings report on Monday, April 27th.
On average, analysts expect that Celanese will report full year earnings of $10.61 per share for the current fiscal year, with EPS estimates ranging from $9.10 to $11.30. For the next financial year, analysts expect that the company will post earnings of $11.70 per share, with EPS estimates ranging from $9.95 to $13.40. Zacks’ EPS calculations are an average based on a survey of research firms that follow Celanese.
Celanese (NYSE:CE) last posted its quarterly earnings data on Thursday, January 30th. The basic materials company reported $1.99 EPS for the quarter, missing the Zacks’ consensus estimate of $2.09 by ($0.10). The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.52 billion. Celanese had a net margin of 13.53% and a return on equity of 37.36%. The company’s revenue for the quarter was down 15.2% compared to the same quarter last year. During the same period in the prior year, the company posted $2.38 earnings per share.
NYSE:CE traded up $2.56 on Thursday, hitting $75.43. The stock had a trading volume of 154,314 shares, compared to its average volume of 1,502,969. The business’s fifty day moving average is $92.29 and its 200 day moving average is $114.04. Celanese has a 52 week low of $52.70 and a 52 week high of $128.88. The company has a quick ratio of 0.98, a current ratio of 1.58 and a debt-to-equity ratio of 1.24. The company has a market cap of $8.00 billion, a PE ratio of 11.14, a P/E/G ratio of 1.14 and a beta of 1.31.
The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th were issued a $0.62 dividend. The ex-dividend date was Friday, February 14th. This represents a $2.48 annualized dividend and a dividend yield of 3.29%. Celanese’s payout ratio is currently 26.02%.
Hedge funds have recently bought and sold shares of the stock. Voya Investment Management LLC lifted its position in Celanese by 54.8% during the third quarter. Voya Investment Management LLC now owns 556,691 shares of the basic materials company’s stock valued at $68,077,000 after buying an additional 197,107 shares during the period. Stifel Financial Corp raised its position in Celanese by 18.1% during the 3rd quarter. Stifel Financial Corp now owns 37,143 shares of the basic materials company’s stock valued at $4,537,000 after purchasing an additional 5,692 shares in the last quarter. Pictet Asset Management Ltd. lifted its stake in Celanese by 5.3% in the third quarter. Pictet Asset Management Ltd. now owns 63,026 shares of the basic materials company’s stock worth $7,707,000 after acquiring an additional 3,200 shares during the period. Parametric Portfolio Associates LLC lifted its position in shares of Celanese by 27.4% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 452,384 shares of the basic materials company’s stock worth $55,322,000 after purchasing an additional 97,168 shares during the period. Finally, Thor Advisors LLC purchased a new position in shares of Celanese in the 3rd quarter valued at $411,000. Institutional investors own 96.31% of the company’s stock.
Celanese Corporation, a technology and specialty materials company, manufactures and sells high performance engineered polymers in the United States and internationally. The company operates through Engineered Materials, Acetate Tow, and Acetyl Chain segments. The Engineered Materials segment develops, produces, and supplies specialty polymers for automotive and medical applications, as well as for use in industrial products and consumer electronics.
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