Zacks Research Predicts Celanese FY2027 Earnings

Celanese Co. (NYSE:CE) – 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 forecasts that the basic materials company will earn $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 equities analysts also recently commented on CE. Robert W. Baird decreased their price target on Celanese from $110.00 to $67.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. Mizuho dropped their price objective on shares of Celanese from $120.00 to $86.00 and set a “neutral” rating on the stock in a research note on Thursday, December 5th. Wells Fargo & Company decreased their target price on Celanese from $75.00 to $55.00 and set an “equal weight” rating for the company in a research note on Thursday, February 20th. Morgan Stanley dropped their price target on Celanese from $100.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Finally, Vertical Research upgraded Celanese from a “sell” rating to a “hold” rating and set a $66.00 price objective for the company in a research report on Thursday, March 6th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Celanese has a consensus rating of “Hold” and an average target price of $72.31.

Celanese Trading Down 3.1 %

CE opened at $52.90 on Wednesday. The stock has a market capitalization of $5.78 billion, a PE ratio of -3.80, a P/E/G ratio of 1.05 and a beta of 1.23. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.34 and a quick ratio of 0.76. Celanese has a 12-month low of $45.94 and a 12-month high of $172.16. The firm’s fifty day moving average price is $64.44 and its 200 day moving average price is $90.35.

Celanese (NYSE:CE) last announced its earnings results on Tuesday, February 18th. The basic materials company reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.36 billion.

Celanese Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 25th were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.23%. The ex-dividend date of this dividend was Tuesday, February 25th. Celanese’s payout ratio is currently -0.86%.

Institutional Investors Weigh In On Celanese

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Ashton Thomas Private Wealth LLC lifted its stake in Celanese by 0.7% during the third quarter. Ashton Thomas Private Wealth LLC now owns 21,730 shares of the basic materials company’s stock valued at $2,954,000 after purchasing an additional 145 shares during the last quarter. Neumann Capital Management LLC lifted its position in shares of Celanese by 5.3% during the 3rd quarter. Neumann Capital Management LLC now owns 3,000 shares of the basic materials company’s stock valued at $408,000 after acquiring an additional 150 shares during the last quarter. Focus Partners Wealth grew its holdings in shares of Celanese by 3.9% in the 4th quarter. Focus Partners Wealth now owns 4,197 shares of the basic materials company’s stock worth $291,000 after acquiring an additional 156 shares during the last quarter. Freedom Investment Management Inc. raised its position in shares of Celanese by 3.2% during the third quarter. Freedom Investment Management Inc. now owns 5,259 shares of the basic materials company’s stock worth $715,000 after purchasing an additional 161 shares during the period. Finally, United Capital Financial Advisors LLC lifted its holdings in shares of Celanese by 2.9% during the fourth quarter. United Capital Financial Advisors LLC now owns 6,167 shares of the basic materials company’s stock valued at $427,000 after purchasing an additional 172 shares during the last quarter. 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.