KeyCorp Has Negative Outlook of Celanese FY2025 Earnings

Celanese Co. (NYSE:CE - Free Report) - Equities researchers at KeyCorp dropped their FY2025 EPS estimates for Celanese in a note issued to investors on Sunday, April 13th. KeyCorp analyst A. Yefremov now expects that the basic materials company will post earnings of $4.44 per share for the year, down from their prior forecast of $4.96. KeyCorp has a "Overweight" rating and a $71.00 price objective on the stock. The consensus estimate for Celanese's current full-year earnings is $8.79 per share.

A number of other equities analysts have also recently weighed in on the stock. Barclays decreased their price objective on shares of Celanese from $75.00 to $59.00 and set an "equal weight" rating for the company in a research report on Monday, February 24th. Robert W. Baird reduced their target price on Celanese from $110.00 to $67.00 and set an "outperform" rating for the company in a research note on Thursday, February 20th. Bank of America reduced their price objective on shares of Celanese from $88.00 to $72.00 and set a "buy" rating on the stock in a research note on Monday, February 24th. StockNews.com cut shares of Celanese from a "hold" rating to a "sell" rating in a research report on Thursday, February 20th. Finally, Evercore ISI cut their price objective on Celanese from $85.00 to $75.00 and set an "in-line" rating on the stock in a research note on Monday, March 24th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Celanese presently has a consensus rating of "Hold" and a consensus price target of $61.33.

Celanese Stock Down 1.9 %

Shares of CE traded down $0.76 during mid-day trading on Wednesday, reaching $39.33. 773,178 shares of the stock traded hands, compared to its average volume of 1,983,452. The firm has a market cap of $4.30 billion, a price-to-earnings ratio of -2.82, a P/E/G ratio of 1.05 and a beta of 1.08. The stock has a fifty day simple moving average of $52.06 and a 200 day simple moving average of $74.02. 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 has a 12-month low of $36.29 and a 12-month high of $169.50.

Celanese (NYSE:CE - Get Free Report) last issued its quarterly earnings data on Tuesday, February 18th. The basic materials company reported $1.45 EPS for the quarter, topping analysts' consensus estimates of $1.25 by $0.20. The company had revenue of $2.37 billion for the quarter, compared to analysts' expectations of $2.36 billion. Celanese had a positive return on equity of 12.86% and a negative net margin of 14.81%.

Celanese Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 12th. Shareholders of record on Monday, April 28th will be issued a dividend of $0.03 per share. The ex-dividend date of this dividend is Monday, April 28th. This represents a $0.12 annualized dividend and a yield of 0.31%. Celanese's payout ratio is presently -0.86%.

Institutional Trading of Celanese

Several large investors have recently added to or reduced their stakes in CE. Altshuler Shaham Ltd purchased a new stake in shares of Celanese during the fourth quarter worth $25,000. UMB Bank n.a. grew its stake in Celanese by 103.7% in the 4th quarter. UMB Bank n.a. now owns 381 shares of the basic materials company's stock valued at $26,000 after buying an additional 194 shares during the last quarter. State of Wyoming increased its stake in shares of Celanese by 122.5% in the fourth quarter. State of Wyoming now owns 485 shares of the basic materials company's stock worth $34,000 after purchasing an additional 267 shares during the period. CKW Financial Group boosted its position in shares of Celanese by 52.9% in the fourth quarter. CKW Financial Group now owns 535 shares of the basic materials company's stock valued at $37,000 after acquiring an additional 185 shares during the period. Finally, LRI Investments LLC increased its holdings in shares of Celanese by 739.1% during the 4th quarter. LRI Investments LLC now owns 537 shares of the basic materials company's stock worth $37,000 after purchasing an additional 473 shares during the period. 98.87% of the stock is owned by institutional investors and hedge funds.

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.