KeyCorp Has Pessimistic View of Celanese FY2025 Earnings

Celanese Co. (NYSE:CE) – Analysts at KeyCorp lowered their FY2025 earnings estimates for Celanese in a research report issued to clients and investors on Sunday, April 13th. KeyCorp analyst A. Yefremov now expects that the basic materials company will earn $4.44 per share for the year, down from their previous 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.

Other equities analysts have also issued reports about the company. Royal Bank of Canada lowered Celanese from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from $84.00 to $56.00 in a research note on Thursday, February 20th. StockNews.com cut Celanese from a “hold” rating to a “sell” rating in a research report on Thursday, February 20th. BMO Capital Markets lowered their price objective on shares of Celanese from $73.00 to $46.00 and set an “underperform” rating on the stock in a research note on Thursday, February 20th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Celanese from $70.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, March 27th. Finally, Barclays cut 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. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Celanese currently has a consensus rating of “Hold” and an average price target of $61.33.

Celanese Stock Performance

Shares of CE opened at $40.03 on Wednesday. The company has a market capitalization of $4.38 billion, a PE ratio of -2.87, a price-to-earnings-growth ratio of 1.05 and a beta of 1.08. 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 one year low of $36.29 and a one year high of $169.50. The company’s fifty day moving average price is $53.14 and its 200 day moving average price is $76.17.

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

Hedge Funds Weigh In On Celanese

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CE. Dodge & Cox boosted its stake in Celanese by 100.3% during the 4th quarter. Dodge & Cox now owns 13,618,062 shares of the basic materials company’s stock worth $942,506,000 after acquiring an additional 6,818,993 shares during the last quarter. Invesco Ltd. boosted its position in shares of Celanese by 105.0% during the fourth quarter. Invesco Ltd. now owns 3,969,284 shares of the basic materials company’s stock worth $274,714,000 after purchasing an additional 2,033,025 shares in the last quarter. Turtle Creek Asset Management Inc. grew its holdings in shares of Celanese by 266.7% in the 4th quarter. Turtle Creek Asset Management Inc. now owns 3,506,440 shares of the basic materials company’s stock valued at $242,681,000 after buying an additional 2,550,334 shares during the period. Norges Bank bought a new position in Celanese during the fourth quarter worth about $222,815,000. Finally, Geode Capital Management LLC grew its stake in Celanese by 2.8% in the fourth quarter. Geode Capital Management LLC now owns 2,679,670 shares of the basic materials company’s stock valued at $184,998,000 after acquiring an additional 73,498 shares during the period. Institutional investors own 98.87% of the company’s stock.

Celanese Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 12th. Stockholders of record on Monday, April 28th will be given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.30%. The ex-dividend date is Monday, April 28th. Celanese’s dividend payout ratio is -0.86%.

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.