Analysts forecast that Celanese Co. (NYSE:CE) will post earnings of $2.42 per share for the current quarter, according to Zacks. Five analysts have made estimates for Celanese’s earnings, with estimates ranging from $2.30 to $2.70. Celanese posted earnings per share of $1.98 during the same quarter last year, which would indicate a positive year over year growth rate of 22.2%. The company is expected to report its next quarterly earnings results after the market closes on Monday, January 28th.
According to Zacks, analysts expect that Celanese will report full year earnings of $11.08 per share for the current fiscal year, with EPS estimates ranging from $10.95 to $11.35. For the next fiscal year, analysts expect that the firm will post earnings of $10.99 per share, with EPS estimates ranging from $9.75 to $11.50. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that cover Celanese.
Several brokerages recently weighed in on CE. Cowen upped their price objective on Celanese from $125.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday, October 26th. Vertical Research upgraded Celanese from a “hold” rating to a “buy” rating and set a $125.00 target price for the company in a research report on Wednesday, October 17th. Zacks Investment Research upgraded Celanese from a “hold” rating to a “buy” rating and set a $128.00 target price for the company in a research report on Thursday, October 4th. ValuEngine downgraded Celanese from a “hold” rating to a “sell” rating in a research report on Tuesday, October 2nd. Finally, Citigroup dropped their target price on Celanese from $134.00 to $118.00 and set a “buy” rating for the company in a research report on Thursday, October 11th. Four analysts have rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $117.83.
Shares of CE traded down $2.23 during trading hours on Thursday, hitting $95.58. 54,319 shares of the company were exchanged, compared to its average volume of 1,334,199. The firm has a market cap of $13.08 billion, a P/E ratio of 12.74, a price-to-earnings-growth ratio of 0.89 and a beta of 1.40. Celanese has a fifty-two week low of $82.91 and a fifty-two week high of $119.29. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.40 and a current ratio of 2.08.
Celanese Corporation, a technology and specialty materials company, manufactures and sells value-added chemicals, thermoplastic polymers, and other chemical-based products worldwide. The company operates through Advanced Engineered Materials, Consumer Specialties, Industrial Specialties, and Acetyl Intermediates segments.
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