Celanese Corporation, a technology and specialty materials company, manufactures and sells value-added chemicals, thermoplastic polymers, and other chemical-based products worldwide. The company operates through Advanced Engineered Materials, Consumer Specialties, Industrial Specialties, and Acetyl Intermediates segments. The Advanced 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. The Consumer Specialties segment provides cellulose acetate tows and flakes for use in filter products applications; food protection ingredients, such as potassium sorbate and sorbic acid for food and beverage industry; and Sunett, a sweetener for use in various beverages, confections, and dairy products. The Industrial Specialties segment offers vinyl acetate-based emulsions for use in paints and coatings, adhesives, construction, glass fiber, textiles, and paper applications; and ethylene vinyl acetate resins and compounds, as well as low-density polyethylene resins for use in flexible packaging films, lamination film products, hot melt adhesives, automotive parts, and carpeting applications. The Acetyl Intermediates segment produces and sells acetyl products, including acetic acid, vinyl acetate monomers, acetic anhydride, and acetate esters that are used as starting materials for colorants, paints, adhesives, coatings, and pharmaceuticals; and organic solvents and intermediates for pharmaceutical, agricultural, and chemical products. Celanese Corporation was founded in 1918 and is headquartered in Irving, Texas.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Plastics materials & synthetic resins, synthetic rubber, cellulosic
Sub-IndustrySpecialty Chemicals
SectorBasic Materials
SymbolNYSE:CE
CUSIP15087010
Phone972-443-4000
Debt
Debt-to-Equity Ratio0.85
Current Ratio1.96
Quick Ratio1.39
Price-To-Earnings
Trailing P/E Ratio15.40
Forward P/E Ratio10.95
P/E Growth1.1
Sales & Book Value
Annual Sales$6.14 billion
Price / Sales2.54
Cash Flow$9.8712 per share
Price / Cash11.72
Book Value$24.32 per share
Price / Book4.76
Profitability
EPS (Most Recent Fiscal Year)$7.51
Net Income$843 million
Net Margins16.57%
Return on Equity37.74%
Return on Assets13.73%
Miscellaneous
Employees7,592
Outstanding Shares135,020,000
Market Cap$15.73 billion
Celanese (NYSE:CE) Frequently Asked Questions
What is Celanese's stock symbol?
Celanese trades on the New York Stock Exchange (NYSE) under the ticker symbol "CE."
How often does Celanese pay dividends? What is the dividend yield for Celanese?
Celanese declared a quarterly dividend on Tuesday, July 17th. Investors of record on Friday, July 27th will be paid a dividend of $0.54 per share on Monday, August 6th. This represents a $2.16 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend is Thursday, July 26th. View Celanese's Dividend History.
How will Celanese's stock buyback program work?
Celanese announced that its Board of Directors has authorized a share buyback plan on Tuesday, July 18th 2017, which authorizes the company to repurchase $1,500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 10.9% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's leadership believes its stock is undervalued.
How were Celanese's earnings last quarter?
Celanese Co. (NYSE:CE) issued its earnings results on Thursday, July, 19th. The basic materials company reported $2.90 EPS for the quarter, topping the consensus estimate of $2.40 by $0.50. The basic materials company earned $1.84 billion during the quarter, compared to the consensus estimate of $1.82 billion. Celanese had a return on equity of 37.74% and a net margin of 16.57%. Celanese's revenue for the quarter was up 22.1% on a year-over-year basis. During the same period last year, the company posted $1.79 EPS. View Celanese's Earnings History.
When is Celanese's next earnings date?
What guidance has Celanese issued on next quarter's earnings?
Celanese issued an update on its FY18 earnings guidance on Thursday, July, 19th. The company provided earnings per share guidance of $10.50-10.75 for the period, compared to the Thomson Reuters consensus EPS estimate of $9.66.
What price target have analysts set for CE?
15 Wall Street analysts have issued twelve-month price objectives for Celanese's stock. Their predictions range from $82.00 to $150.00. On average, they expect Celanese's stock price to reach $124.25 in the next twelve months. This suggests a possible upside of 7.4% from the stock's current price. View Analyst Price Targets for Celanese.
What is the consensus analysts' recommendation for Celanese?
15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Celanese in the last year. There are currently 1 sell rating, 3 hold ratings and 11 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Celanese.
What are Wall Street analysts saying about Celanese stock?
Here are some recent quotes from research analysts about Celanese stock:
- 1. med analysts commented, "Alembic Global analyst Hassan Ahmed maintained a Sell rating on Celanese Corp (NYSE: CE) today and set a price target of $82. The company’s shares opened today at $112.34, close to its 52-week high of $113.33." (4/24/2018)
- 2. According to Zacks Investment Research, "Annual estimates for Celanese have been going up lately. Celanese has outperformed the industry it belongs to over a year. Celanese’s strategic measures including acquisitions and operational cost savings through productivity actions are likely to lend support to earnings. SO.F.TER. and Nilit acquisitions are expected to drive earnings in the Advanced Engineered Materials unit. The company is also poised to gain from expansion in emerging regions. Moreover, Celanese remains focused on returning value to shareholders." (4/11/2018)
Who are some of Celanese's key competitors?
Some companies that are related to Celanese include GLENCORE PLC/ADR (GLNCY), Monsanto (MON), Glencore (GLEN), AIR LIQUIDE/ADR (AIQUY), TC PIPELINES LP Common Stock (TRP), BHP Billiton (BBL), Praxair (PX), LyondellBasell Industries (LYB), Air Liquide (AI), Ecolab (ECL), Nutrien (NTR), SHIN ETSU Chem/ADR (SHECY), Linde (LNAGF), The Linde Group (LNEGY) and Gold Fields (GFI).
Who are Celanese's key executives?
Celanese's management team includes the folowing people:
- Mr. Mark C. Rohr, Chairman, CEO & Pres (Age 67)
- Mr. Scott McDougald Sutton, Chief Operating Officer (Age 53)
- Mr. Peter G. Edwards Esq., Exec. VP & Gen. Counsel (Age 57)
- Mr. Kevin S. Oliver, Chief Financial Officer for European Headquarters (Age 46)
- Mr. Scott A. Richardson, Sr. VP & CFO
Has Celanese been receiving favorable news coverage?
Media headlines about CE stock have trended somewhat positive on Monday, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Celanese earned a news impact score of 0.06 on Accern's scale. They also gave press coverage about the basic materials company an impact score of 47.38 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company's share price in the near term. View Recent Headlines for Celanese.
Who are Celanese's major shareholders?
Celanese's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (5.39%), Wells Fargo & Company MN (2.12%), Standard Life Aberdeen plc (2.09%), LSV Asset Management (1.80%), Artisan Partners Limited Partnership (1.68%) and Victory Capital Management Inc. (1.49%). Company insiders that own Celanese stock include Benjamin Jones, Christopher W Jensen, Gjon N Nivica Jr, John K Wulff, Kevin S Oliver, Lori A Johnston and Peter G Edwards. View Institutional Ownership Trends for Celanese.
Which major investors are selling Celanese stock?
CE stock was sold by a variety of institutional investors in the last quarter, including Boston Partners, Point72 Asset Management L.P., Janus Henderson Group PLC, BlackRock Inc., Wells Fargo & Company MN, Massachusetts Financial Services Co. MA, Canada Pension Plan Investment Board and Russell Investments Group Ltd.. Company insiders that have sold Celanese company stock in the last year include Christopher W Jensen, John K Wulff and Peter G Edwards. View Insider Buying and Selling for Celanese.
Which major investors are buying Celanese stock?
CE stock was bought by a variety of institutional investors in the last quarter, including Standard Life Aberdeen plc, Millennium Management LLC, PNC Financial Services Group Inc., Columbus Circle Investors, Forsta AP Fonden, Scopus Asset Management L.P., Caisse DE Depot ET Placement DU Quebec and Renaissance Technologies LLC. View Insider Buying and Selling for Celanese.
How do I buy shares of Celanese?
Shares of CE can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Celanese's stock price today?
One share of CE stock can currently be purchased for approximately $115.69.
How big of a company is Celanese?
Celanese has a market capitalization of $15.73 billion and generates $6.14 billion in revenue each year. The basic materials company earns $843 million in net income (profit) each year or $7.51 on an earnings per share basis. Celanese employs 7,592 workers across the globe.
How can I contact Celanese?
Celanese's mailing address is 222 West Las Colinas Blvd. Suite 900 North, Irving TX, 75039. The basic materials company can be reached via phone at 972-443-4000 or via email at [email protected]
MarketBeat Community Rating for Celanese (NYSE CE)
MarketBeat's community ratings are surveys of what our community members think about Celanese and other stocks. Vote "Outperform" if you believe CE will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CE will underperform the S&P 500 over the long term. You may vote once every thirty days.
