Celanese (NYSE:CE – Get Free Report) issued an update on its FY 2026 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 6.000-6.250 for the period, compared to the consensus earnings per share estimate of 6.000.
Celanese Stock Down 3.1%
Celanese stock opened at $47.77 on Tuesday. The company has a debt-to-equity ratio of 2.33, a current ratio of 1.45 and a quick ratio of 0.87. Celanese has a 1-year low of $35.13 and a 1-year high of $70.70. The company has a market cap of $5.24 billion, a PE ratio of 9.20, a price-to-earnings-growth ratio of 0.35 and a beta of 0.76. The stock’s 50 day moving average price is $46.08 and its 200 day moving average price is $51.40.
Celanese (NYSE:CE – Get Free Report) last released its quarterly earnings data on Monday, November 2nd. The basic materials company reported $1.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.56 by $0.09. The firm had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.62 billion. Celanese had a positive return on equity of 13.04% and a negative net margin of 12.04%. Celanese’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.34 earnings per share. On average, sell-side analysts predict that Celanese will post 6.00 EPS for the current fiscal year.
Celanese Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 10th. Stockholders of record on Tuesday, October 27th will be issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Tuesday, October 27th. Celanese’s dividend payout ratio (DPR) is currently -1.12%.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently issued reports on CE shares. KeyCorp initiated coverage on shares of Celanese in a report on Thursday, September 10th. They issued an “overweight” rating and a $57.00 price target for the company. Deutsche Bank Aktiengesellschaft set a $50.00 price objective on shares of Celanese in a report on Thursday, August 6th. Wells Fargo & Company lowered their target price on shares of Celanese from $80.00 to $65.00 and set an “overweight” rating on the stock in a research report on Thursday, August 6th. Barclays assumed coverage on shares of Celanese in a report on Monday, October 12th. They issued an “equal weight” rating and a $49.00 target price for the company. Finally, BMO Capital Markets reduced their price target on shares of Celanese from $57.00 to $54.00 and set a “market perform” rating for the company in a research report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $60.38.
Get Our Latest Stock Analysis on CE
Insider Buying and Selling at Celanese
In other news, SVP Mark Murray purchased 2,153 shares of the business’s stock in a transaction dated Tuesday, August 11th. The stock was acquired at an average price of $45.52 per share, with a total value of $98,004.56. Following the purchase, the senior vice president directly owned 30,432 shares of the company’s stock, valued at $1,385,264.64. This represents a 7.61% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.34% of the stock is currently owned by corporate insiders.
Celanese Company Profile
Celanese Corporation (NYSE: CE) is a global chemical and specialty materials company headquartered in Irving, Texas. The company develops and manufactures engineered materials and chemical products used by manufacturers in industries including automotive, consumer goods, medical and healthcare, electronics, industrial equipment, energy and infrastructure.
Celanese operates primarily through its Engineered Materials and Acetyl Chain businesses. Its portfolio includes engineered polymers, thermoplastic compounds and other specialty materials, as well as acetyl products such as acetic acid, vinyl acetate monomer, emulsions and related intermediates.
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