Analysts Issue Forecasts for Celanese FY2027 Earnings

Celanese Co. (NYSE:CE - Free Report) - Equities research analysts at Zacks Research issued their FY2027 earnings per share (EPS) estimates for shares of Celanese in a report issued on Monday, March 10th. Zacks Research analyst R. Department anticipates that the basic materials company will post earnings of $9.30 per share for the year. The consensus estimate for Celanese's current full-year earnings is $8.79 per share.

A number of other brokerages have also commented on CE. Vertical Research upgraded Celanese from a "sell" rating to a "hold" rating and set a $66.00 price target for the company in a report on Thursday, March 6th. Robert W. Baird lowered their price objective on Celanese from $110.00 to $67.00 and set an "outperform" rating on the stock in a research report on Thursday, February 20th. Wells Fargo & Company lowered their price objective on Celanese from $75.00 to $55.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 20th. JPMorgan Chase & Co. lowered their price objective on Celanese from $92.00 to $54.00 and set a "neutral" rating on the stock in a research report on Thursday, February 20th. Finally, UBS Group lowered their price objective on Celanese from $72.00 to $60.00 and set a "neutral" rating on the stock in a research report on Thursday, February 20th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $72.31.

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Celanese Stock Up 0.7 %

Shares of CE stock opened at $54.59 on Wednesday. Celanese has a 12 month low of $45.94 and a 12 month high of $172.16. The firm has a market cap of $5.97 billion, a PE ratio of -3.92, a price-to-earnings-growth ratio of 1.05 and a beta of 1.23. The stock has a 50 day moving average of $64.44 and a 200-day moving average of $90.35. The company has a quick ratio of 0.76, a current ratio of 1.34 and a debt-to-equity ratio of 1.98.

Celanese (NYSE:CE - Get Free Report) last posted its earnings results on Tuesday, February 18th. The basic materials company reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.20. Celanese had a positive return on equity of 12.86% and a negative net margin of 14.81%. The firm had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.36 billion.

Celanese Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 25th were given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.22%. The ex-dividend date was Tuesday, February 25th. Celanese's dividend payout ratio (DPR) is -0.86%.

Institutional Trading of Celanese

Large investors have recently bought and sold shares of the stock. State Street Corp boosted its stake in Celanese by 3.1% in the third quarter. State Street Corp now owns 4,500,813 shares of the basic materials company's stock worth $611,931,000 after purchasing an additional 136,994 shares in the last quarter. KBC Group NV lifted its stake in shares of Celanese by 155.5% during the third quarter. KBC Group NV now owns 213,657 shares of the basic materials company's stock valued at $29,049,000 after acquiring an additional 130,037 shares during the period. Zacks Investment Management lifted its stake in shares of Celanese by 6.5% during the third quarter. Zacks Investment Management now owns 160,443 shares of the basic materials company's stock valued at $21,814,000 after acquiring an additional 9,782 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Celanese by 7.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 990,901 shares of the basic materials company's stock valued at $134,723,000 after acquiring an additional 69,606 shares during the period. Finally, Sanctuary Advisors LLC lifted its stake in shares of Celanese by 5.1% during the fourth quarter. Sanctuary Advisors LLC now owns 7,213 shares of the basic materials company's stock valued at $521,000 after acquiring an additional 351 shares during the period. 98.87% of the stock is currently owned by institutional investors.

About Celanese

Celanese Corporation, a chemical and specialty materials company, manufactures and sells high performance engineered polymers in the United States and internationally. It operates through Engineered Materials and Acetyl Chain. 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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