Analysts Issue Forecasts for Celanese FY2027 Earnings

Celanese Co. (NYSE:CE) – Stock analysts at Zacks Research issued their FY2027 earnings per share (EPS) estimates for Celanese in a report released on Monday, March 10th. Zacks Research analyst R. Department expects 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.

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

Several other equities research analysts also recently issued reports on CE. Mizuho lowered their price target on Celanese from $120.00 to $86.00 and set a “neutral” rating for the company in a report on Thursday, December 5th. Royal Bank of Canada downgraded Celanese from an “outperform” rating to a “sector perform” rating and lowered their price target for the stock from $84.00 to $56.00 in a report on Thursday, February 20th. JPMorgan Chase & Co. lowered their price target on Celanese from $92.00 to $54.00 and set a “neutral” rating for the company in a report on Thursday, February 20th. Bank of America lowered their price target on Celanese from $88.00 to $72.00 and set a “buy” rating for the company in a report on Monday, February 24th. Finally, Robert W. Baird lowered their price target on Celanese from $110.00 to $67.00 and set an “outperform” rating for the company in a 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. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $72.31.

Celanese Stock Up 0.7 %

Shares of Celanese stock opened at $54.59 on Wednesday. Celanese has a 1 year low of $45.94 and a 1 year high of $172.16. The business has a 50-day moving average of $64.44 and a two-hundred day moving average of $90.35. The company has a market capitalization of $5.97 billion, a P/E ratio of -3.92, a price-to-earnings-growth 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.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Ashton Thomas Private Wealth LLC lifted its position in shares of Celanese by 0.7% in 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 buying an additional 145 shares during the last quarter. Neumann Capital Management LLC lifted its position in shares of Celanese by 5.3% in the third quarter. Neumann Capital Management LLC now owns 3,000 shares of the basic materials company’s stock valued at $408,000 after buying an additional 150 shares during the last quarter. Focus Partners Wealth lifted its position in shares of Celanese by 3.9% in the fourth quarter. Focus Partners Wealth now owns 4,197 shares of the basic materials company’s stock valued at $291,000 after buying an additional 156 shares during the last quarter. Freedom Investment Management Inc. lifted its position in shares of Celanese by 3.2% in the third quarter. Freedom Investment Management Inc. now owns 5,259 shares of the basic materials company’s stock valued at $715,000 after buying an additional 161 shares during the last quarter. Finally, United Capital Financial Advisors LLC lifted its position in shares of Celanese by 2.9% in 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 buying an additional 172 shares during the last quarter. 98.87% of the stock is currently owned by institutional investors.

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 paid a $0.03 dividend. The ex-dividend date was Tuesday, February 25th. This represents a $0.12 dividend on an annualized basis and a yield of 0.22%. Celanese’s dividend payout ratio is -0.86%.

Celanese Company Profile

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.