$1.92 EPS Expected for Celanese Corporation (CE)

September 17, 2017 - By Henry Gaston

 $1.92 EPS Expected for Celanese Corporation (CE)
Investors sentiment increased to 0.95 in Q4 2016. Its up 0.10, from 0.85 in 2016Q3. It is positive, as 24 investors sold Celanese Corporation shares while 163 reduced holdings. 77 funds opened positions while 100 raised stakes. 132.47 million shares or 2.18% less from 135.43 million shares in 2016Q3 were reported.
Livforsakringsbolaget Skandia Omsesidigt accumulated 16,543 shares or 0.07% of the stock. Management Associate Ny has 0.36% invested in Celanese Corporation (NYSE:CE) for 2,900 shares. Ascend Limited Liability has invested 0.3% in Celanese Corporation (NYSE:CE). 8,960 are held by Columbia Partners L L C Investment Management. Fund Management Sa accumulated 55,270 shares or 0.04% of the stock. Blackrock Grp, United Kingdom-based fund reported 941,970 shares. Ellington Mngmt Ltd Llc holds 0.12% or 10,300 shares in its portfolio. Amer Bank invested in 1.51% or 58,659 shares. Wagner Bowman Mgmt Corporation owns 0.32% invested in Celanese Corporation (NYSE:CE) for 12,123 shares. Robeco Institutional Asset Mgmt Bv accumulated 6,539 shares. Manchester Cap Management Lc invested in 0.02% or 1,550 shares. The Quebec – Canada-based Fiera Cap Corp has invested 0.01% in Celanese Corporation (NYSE:CE). Two Sigma Ltd Liability Co has invested 0.18% in Celanese Corporation (NYSE:CE). Brown Brothers Harriman And Com owns 5.78 million shares or 2.49% of their US portfolio. Ent Fincl Ser has invested 0% of its portfolio in Celanese Corporation (NYSE:CE).

Wall Street await Celanese Corporation (NYSE:CE) to release earnings on October, 16. Analysts forecast EPS of $1.92, up exactly $0.25 or 14.97 % from 2014’s $1.67 EPS. The expected CE’s profit could reach $264.15 million giving the stock 13.03 P/E in the case that $1.92 earnings per share is reported. After posting $1.79 EPS for the previous quarter, Celanese Corporation’s analysts now forecast 7.26 % EPS growth. The stock increased 0.12% or $0.12 on September 15, reaching $100.09. About 1.48M shares traded or 88.24% up from the average. Celanese Corporation (NYSE:CE) has risen 21.48% since September 17, 2016 and is uptrending. It has outperformed by 4.78% the S&P500.

Celanese Corporation (NYSE:CE) Ratings Coverage

Among 15 analysts covering Celanese (NYSE:CE), 11 have Buy rating, 1 Sell and 3 Hold. Therefore 73% are positive. Celanese had 48 analyst reports since September 1, 2015 according to SRatingsIntel. Jefferies maintained Celanese Corporation (NYSE:CE) rating on Thursday, June 29. Jefferies has “Buy” rating and $10400 target. As per Wednesday, November 18, the company rating was maintained by Deutsche Bank. The rating was upgraded by SunTrust on Monday, January 11 to “Buy”. As per Wednesday, October 21, the company rating was maintained by RBC Capital Markets. RBC Capital Markets upgraded the stock to “Outperform” rating in Tuesday, December 13 report. The stock of Celanese Corporation (NYSE:CE) has “Buy” rating given on Monday, August 28 by Jefferies. The rating was maintained by Alembic on Monday, July 24 with “Sell”. The stock of Celanese Corporation (NYSE:CE) earned “Buy” rating by Cowen & Co on Friday, August 4. The firm has “Buy” rating given on Tuesday, July 25 by RBC Capital Markets. As per Wednesday, July 19, the company rating was maintained by Nomura.

Celanese Corporation is a technology and specialty materials company. The company has market cap of $13.77 billion. The Company’s divisions include Advanced Engineered Materials, Consumer Specialties, Industrial Specialties, Acetyl Intermediates and Other Activities. It has a 16.77 P/E ratio. The Advanced Engineered Materials segment includes the Company’s engineered materials business and certain affiliates.

More important recent Celanese Corporation (NYSE:CE) news were published by: Businesswire.com which released: “Celanese Announces Acetyl Intermediates, Vinyl Acetate Monomer and Emulsion …” on September 14, 2017, also Businesswire.com published article titled: “Celanese Announces Acetyl Intermediates and Vinyl Acetate-based Emulsions …”, Nasdaq.com published: “Celanese (CE) Shares Up 27% YTD: What’s Driving the Stock?” on September 15, 2017. More interesting news about Celanese Corporation (NYSE:CE) was released by: Streetinsider.com and their article: “Celanese Corp. (CE) Reports Notice of Vinyl Acetate Monomer Force Majeure Due …” with publication date: August 29, 2017.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.