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
Industry Plastics materials & synthetic resins, synthetic rubber, cellulosic
Sub-IndustrySpecialty Chemicals
SectorBasic Materials
Phone972-443-4000
Debt
Current Ratio2.08
Quick Ratio1.40
Price-To-Earnings
Sales & Book Value
Annual Sales$6.14 billion
Price / Sales2.06
Price / Cash Flow9.46
Price / Book3.89
Profitability
Net Income$843 million
Net Margins18.57%
Return on Assets14.87%
Miscellaneous
Employees7,592
OptionableOptionable
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 Thursday, October 18th. Stockholders of record on Monday, October 29th will be given a dividend of $0.54 per share on Thursday, November 8th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date of this dividend is Friday, October 26th. View Celanese's Dividend History.
How will Celanese's stock buyback program work?
Celanese declared that its board has authorized a share repurchase program on Tuesday, July 18th 2017, which allows the company to repurchase $1,500,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to buy up to 10.9% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board believes its shares are undervalued.
How were Celanese's earnings last quarter?
Celanese Co. (NYSE:CE) released its quarterly earnings results on Thursday, October, 18th. The basic materials company reported $2.96 earnings per share for the quarter, beating the Zacks' consensus estimate of $2.74 by $0.22. The basic materials company had revenue of $1.77 billion for the quarter, compared to analysts' expectations of $1.81 billion. Celanese had a return on equity of 39.39% and a net margin of 18.57%. The firm's revenue for the quarter was up 13.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.93 EPS. View Celanese's Earnings History.
When is Celanese's next earnings date?
What price target have analysts set for CE?
15 equities research analysts have issued 12 month price objectives for Celanese's stock. Their predictions range from $100.00 to $145.00. On average, they anticipate Celanese's stock price to reach $119.8235 in the next year. This suggests a possible upside of 26.6% 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, 5 hold ratings and 9 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Celanese.
Has Celanese been receiving favorable news coverage?
Media coverage about CE stock has been trending somewhat positive recently, according to InfoTrie Sentiment Analysis. The research group ranks the sentiment of media coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Celanese earned a news impact score of 1.8 on InfoTrie's scale. They also gave press coverage about the basic materials company a news buzz of 4.0 out of 10, meaning that recent media coverage is somewhat unlikely to have an effect on the company's share price in the immediate future.
Are investors shorting Celanese?
Celanese saw a increase in short interest during the month of December. As of December 31st, there was short interest totalling 7,625,889 shares, an increase of 209.7% from the December 14th total of 2,462,356 shares. Based on an average daily trading volume, of 4,438,853 shares, the short-interest ratio is presently 1.7 days. Currently, 5.7% of the shares of the company are short sold. View Celanese's Current Options Chain.
Who are some of Celanese's key competitors?
Some companies that are related to Celanese include SHOWA DENKO KK/ADR (SHWDY), BHP Group (BBL), Ecolab (ECL), Air Products & Chemicals (APD), SHIN ETSU CHEM/ADR (SHECY), LyondellBasell Industries (LYB), GMK Noril'skiy nikel' PAO (GDR) (NILSY), Nutrien (NTR), Southern Copper (SCCO), PPG Industries (PPG), Anglo American (NGLOY), ArcelorMittal (MT), Klabin (KLBAY), Akzo Nobel (AKZOY) and POSCO (PKX).
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
Who are Celanese's major shareholders?
Celanese's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Gateway Investment Advisers LLC (0.05%), Retirement Systems of Alabama (0.04%), American National Bank (0.03%), State of Alaska Department of Revenue (0.02%), DNB Asset Management AS (0.02%) and Curbstone Financial Management Corp (0.01%). Company insiders that own Celanese stock include Benjamin Jones, Christopher W Jensen, John K Wulff, Kevin S Oliver 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 First Hawaiian Bank, American National Bank, Private Trust Co. NA, Fruth Investment Management, Curbstone Financial Management Corp and Palisade Asset Management LLC. View Insider Buying and Selling for Celanese.
Which major investors are buying Celanese stock?
CE stock was purchased by a variety of institutional investors in the last quarter, including Retirement Systems of Alabama, Highland Capital Management LLC, Louisiana State Employees Retirement System, Gateway Investment Advisers LLC, DNB Asset Management AS, Visionary Asset Management Inc., State of Alaska Department of Revenue and Cerebellum GP 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 $94.65.
How big of a company is Celanese?
Celanese has a market capitalization of $12.57 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.
What is Celanese's official website?
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.
