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
SymbolNYSE:CE
CUSIP15087010
Phone972-443-4000
Debt
Debt-to-Equity Ratio0.91
Current Ratio1.88
Quick Ratio1.28
Price-To-Earnings
Trailing P/E Ratio15.18
Forward P/E Ratio11.93
P/E Growth1.35
Sales & Book Value
Annual Sales$6.14 billion
Price / Sales2.50
Cash Flow$9.8413 per share
Price / Cash11.47
Book Value$24.32 per share
Price / Book4.64
Profitability
EPS (Most Recent Fiscal Year)$7.51
Net Income$843 million
Net Margins15.69%
Return on Equity35.22%
Return on Assets12.49%
Miscellaneous
Employees7,592
Outstanding Shares135,850,000
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 announced a quarterly dividend on Wednesday, April 18th. Investors of record on Monday, April 30th will be given a dividend of $0.54 per share on Thursday, May 10th. This represents a $2.16 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend is Friday, April 27th. This is a boost from Celanese's previous quarterly dividend of $0.46. View Celanese's Dividend History.
How will Celanese's stock buyback program work?
Celanese declared that its board has authorized a share buyback plan on Tuesday, July 18th 2017, which permits the company to repurchase $1,500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 10.9% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's management believes its shares are undervalued.
How were Celanese's earnings last quarter?
Celanese Co. (NYSE:CE) released its quarterly earnings results on Monday, April, 16th. The basic materials company reported $2.79 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $2.33 by $0.46. The basic materials company earned $1.85 billion during the quarter, compared to analyst estimates of $1.66 billion. Celanese had a net margin of 15.69% and a return on equity of 35.22%. Celanese's revenue was up 25.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.81 earnings per share. View Celanese's Earnings History.
When is Celanese's next earnings date?
What price target have analysts set for CE?
19 Wall Street analysts have issued 12 month target prices for Celanese's shares. Their forecasts range from $82.00 to $150.00. On average, they expect Celanese's share price to reach $117.2619 in the next twelve months. 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 Monsanto (MON), Glencore (GLEN), AIR LIQUIDE/ADR (AIQUY), TC PIPELINES LP Common Stock (TRP), BHP Billiton (BBL), Praxair (PX), Air Liquide (AI), LyondellBasell Industries (LYB), Nutrien (NTR), Linde AG/AKT o.N. (LNAGF), The Linde Group (LNEGY), Ecolab (ECL), SHIN ETSU Chem/ADR (SHECY), Gold Fields (GFI) and Southern Copper (SCCO).
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. Scott A. Richardson, Sr. VP & CFO
- Mr. Kevin S. Oliver, Chief Accounting Officer (Age 46)
- Verghese Thomas, VP and Chief Technology & Innovation Officer
Has Celanese been receiving favorable news coverage?
News coverage about CE stock has trended somewhat positive recently, according to Accern Sentiment. The research firm identifies positive and negative news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Celanese earned a coverage optimism score of 0.17 on Accern's scale. They also gave media headlines about the basic materials company an impact score of 46.29 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company's share price in the immediate future.
Who are Celanese's major shareholders?
Celanese's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (5.48%), Wells Fargo & Company MN (2.21%), LSV Asset Management (1.86%), Artisan Partners Limited Partnership (1.73%), Barrow Hanley Mewhinney & Strauss LLC (1.66%) 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, Victory Capital Management Inc., Wells Fargo & Company MN, Artisan Partners Limited Partnership, Swiss National Bank, New York State Common Retirement Fund, Barings LLC 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 purchased by a variety of institutional investors in the last quarter, including Millennium Management LLC, BlackRock Inc., O Shaughnessy Asset Management LLC, JPMorgan Chase & Co., State of Wisconsin Investment Board, Carillon Tower Advisers Inc., Loomis Sayles & Co. L P and California Public Employees Retirement System. 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 $112.88.
How big of a company is Celanese?
Celanese has a market capitalization of $15.49 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 (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.
