Celanese Co. (NYSE:CE - Free Report) - Equities researchers at KeyCorp issued their FY2026 earnings estimates for Celanese in a report issued on Thursday, March 20th. KeyCorp analyst A. Yefremov forecasts that the basic materials company will earn $7.61 per share for the year. KeyCorp currently has a "Overweight" rating and a $76.00 target price on the stock. The consensus estimate for Celanese's current full-year earnings is $8.79 per share.
Celanese (NYSE:CE - Get Free Report) last announced its quarterly earnings results on Tuesday, February 18th. The basic materials company reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.20. Celanese had a negative net margin of 14.81% and a positive return on equity of 12.86%. The company had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.36 billion.
Several other analysts have also recently weighed in on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Celanese from $92.00 to $54.00 and set a "neutral" rating on the stock 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. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Celanese from $85.00 to $70.00 and set a "buy" rating on the stock in a research note on Thursday, February 20th. Morgan Stanley reduced their price objective on shares of Celanese from $100.00 to $80.00 and set an "equal weight" rating on the stock in a research note on Monday, January 13th. Finally, Alembic Global Advisors raised shares of Celanese from a "neutral" rating to an "overweight" rating and set a $70.00 price target on the stock in a research report on Monday, March 17th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $66.18.
Check Out Our Latest Report on CE
Shares of Celanese stock opened at $57.10 on Monday. 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 twelve month low of $45.94 and a twelve month high of $172.16. The stock has a market cap of $6.24 billion, a price-to-earnings ratio of -4.10, a P/E/G ratio of 1.05 and a beta of 1.23. The company's fifty day moving average is $62.84 and its 200 day moving average is $86.25.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 25th were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.21%. Celanese's dividend payout ratio (DPR) is presently -0.86%.
A number of institutional investors and hedge funds have recently made changes to their positions in CE. State Street Corp raised its holdings in shares of Celanese by 3.1% in the 3rd quarter. State Street Corp now owns 4,500,813 shares of the basic materials company's stock worth $611,931,000 after acquiring an additional 136,994 shares during the last quarter. Zacks Investment Management raised its holdings in shares of Celanese by 6.5% in the 3rd quarter. Zacks Investment Management now owns 160,443 shares of the basic materials company's stock worth $21,814,000 after acquiring an additional 9,782 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Celanese by 7.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 990,901 shares of the basic materials company's stock worth $134,723,000 after acquiring an additional 69,606 shares during the last quarter. Sanctuary Advisors LLC raised its holdings in shares of Celanese by 5.1% in the 4th quarter. Sanctuary Advisors LLC now owns 7,213 shares of the basic materials company's stock worth $521,000 after acquiring an additional 351 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in shares of Celanese by 12.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 147,001 shares of the basic materials company's stock worth $19,986,000 after acquiring an additional 16,308 shares during the last quarter. Institutional investors own 98.87% of the company's stock.
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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