Celanese Corporation (Celanese) is a technology and specialty materials company. The Company's segments include Advanced Engineered Materials, Consumer Specialties, Industrial Specialties, Acetyl Intermediates and Other Activities. The Advanced Engineered Materials segment includes the Company's engineered materials business and certain affiliates. The Consumer Specialties segment includes the Company's cellulose derivatives and food ingredients businesses, which serve consumer-driven applications. The Industrial Specialties segment includes the Company's emulsion polymers and ethylene vinyl acetate (EVA) polymers businesses. The Acetyl Intermediates segment includes the Company's intermediate chemistry business, which produces and supplies acetyl products, including acetic acid, vinyl acetate monomer (VAM), acetic anhydride and acetate esters. The Company has operations in North America, Europe and Asia. As of December 31, 2016, the Company had 30 global production facilities.
Industry, Sector and Symbol:
- Sector: Basic Materials
- Industry: Commodity Chemicals
- Sub-Industry: Specialty Chemicals
- Symbol: NYSE:CE
- CUSIP: 15087010
- Web: www.celanese.com
Capitalization:- Market Cap: $14.32964 billion
- Outstanding Shares: 137,533,000
Average Prices:- 50 Day Moving Avg: $97.80
- 200 Day Moving Avg: $92.60
- 52 Week Range: $61.67 - $104.55
P/E:- Trailing P/E Ratio: 17.54
- Foreward P/E Ratio: 12.86
- P/E Growth: 1.47
Sales & Book Value:- Annual Revenue: $5.62 billion
- Price / Sales: 2.55
- Book Value: $19.57 per share
- Price / Book: 5.32
Dividend:- Annual Dividend: $1.84
- Dividend Yield: 1.8%
Profitability:- EBIDTA: $1.16 billion
- Net Margins: 14.89%
- Return on Equity: 31.23%
- Return on Assets: 11.24%
Debt:- Debt-to-Equity Ratio: 0.94%
- Current Ratio: 1.81%
- Quick Ratio: 1.27%
Misc:- Average Volume: 859,322 shs.
- Beta: 1.28
- Short Ratio: 1.75
Frequently Asked Questions for Celanese Corporation (NYSE:CE)
What is Celanese Corporation's stock symbol?
Celanese Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "CE."
How often does Celanese Corporation pay dividends? What is the dividend yield for Celanese Corporation?
Celanese Corporation announced a quarterly dividend on Tuesday, July 18th. Stockholders of record on Friday, July 28th will be given a dividend of $0.46 per share on Monday, August 7th. This represents a $1.84 annualized dividend and a dividend yield of 1.77%. The ex-dividend date is Wednesday, July 26th. View Celanese Corporation's Dividend History.
How will Celanese Corporation's stock buyback program work?
Celanese Corporation announced that its Board of Directors has authorized a stock repurchase plan on Tuesday, July 18th 2017, which permits the company to buyback $1,500,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to purchase up to 10.9% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's management believes its stock is undervalued.
How were Celanese Corporation's earnings last quarter?
Celanese Corporation (NYSE:CE) issued its earnings results on Monday, July, 24th. The company reported $1.79 earnings per share for the quarter, topping analysts' consensus estimates of $1.76 by $0.03. The firm had revenue of $1.51 billion for the quarter, compared to analysts' expectations of $1.44 billion. Celanese Corporation had a return on equity of 31.23% and a net margin of 14.89%. Celanese Corporation's quarterly revenue was up 11.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.59 earnings per share. View Celanese Corporation's Earnings History.
When will Celanese Corporation make its next earnings announcement?
What guidance has Celanese Corporation issued on next quarter's earnings?
Celanese Corporation updated its FY17 earnings guidance on Monday, July, 24th. The company provided earnings per share (EPS) guidance of $7.20-7.34 for the period, compared to the Thomson Reuters consensus EPS estimate of $7.30.
Where is Celanese Corporation's stock going? Where will Celanese Corporation's stock price be in 2017?
14 brokerages have issued 12-month target prices for Celanese Corporation's stock. Their forecasts range from $88.00 to $120.00. On average, they expect Celanese Corporation's stock price to reach $102.62 in the next year. View Analyst Ratings for Celanese Corporation.
What are analysts saying about Celanese Corporation stock?
Here are some recent quotes from research analysts about Celanese Corporation stock:
- 1. According to Zacks Investment Research, "Celanese has outperformed the Zacks categorized 'Chemicals-Diversified' industry over a year. Celanese’s strategic measures including cost savings through productivity actions should lend support to its earnings in 2017. The company should also gain from capacity expansion and growth initiatives that include acquisitions. Moreover, Celanese remains focused on returning value to its shareholders." (7/17/2017)
- 2. Barclays PLC analysts commented, "CE reported 4Q'16 adj. EPS of $1.52 vs. consensus of $1.51 and $1.25 in 4Q'15. Earnings in Materials Solution continue to drive EPS growth, with +20% y/y volume growth in Advanced Engineered Materials (+11c). Earnings in Acetyls were 11c softer than expectations on lower pricing and volumes in the acetyl chain."They up '17 & '18 EPS estimates by a nickel each to $7.25 & $8.05." (2/2/2017)
Who are some of Celanese Corporation's key competitors?
Some companies that are related to Celanese Corporation include Albemarle Corporation (ALB), Eastman Chemical Company (EMN), Braskem S.A. (BAK), Westlake Chemical Corporation (WLK), Chemours Company (The) (CC), Olin Corporation (OLN), NewMarket Corporation (NEU), Methanex Corporation (MEOH), Ingevity Corp (NGVT), Quaker Chemical Corporation (KWR), Calgon Carbon Corporation (CCC), A. Schulman (SHLM), Innophos Holdings (IPHS), Koppers Holdings (KOP), CSW Industrials (CSWI), Westlake Chemical Partners LP (WLKP), Trecora Resources (TREC) and Enzymotec (ENZY).
Who are Celanese Corporation's key executives?
Celanese Corporation's management team includes the folowing people:
- Mark C. Rohr, Chairman of the Board, President, Chief Executive Officer
- Christopher W. Jensen CPA, Chief Financial Officer, Senior Vice President - Finance
- Scott McDougald Sutton, Chief Operating Officer, Executive Vice President, President - Materials Solutions
- Peter G. Edwards, Executive Vice President, General Counsel
- Patrick D. Quarles, Executive Vice President, President - Acetyls Chain and Integrated Supply Chain
- Gjon N. Nivica Jr., Senior Vice President
- Kevin S. Oliver, Chief Accounting Officer, Controller
- Edward G. Galante, Lead Independent Director
- Jean S. Blackwell, Independent Director
- William M. Brown, Independent Director
Who owns Celanese Corporation stock?
Celanese Corporation's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (8.65%), Dodge & Cox (8.55%), Capital Research Global Investors (8.05%), BlackRock Inc. (5.26%), GMT Capital Corp (2.99%) and State Street Corp (2.53%). Company insiders that own Celanese Corporation stock include David F Hoffmeister, Farah M Walters, Gjon N Nivica Jr, Kevin S Oliver, Lori A Johnston and Mark C Rohr. View Institutional Ownership Trends for Celanese Corporation.
Who sold Celanese Corporation stock? Who is selling Celanese Corporation stock?
Celanese Corporation's stock was sold by a variety of institutional investors in the last quarter, including Dodge & Cox, Capital Research Global Investors, FMR LLC, BlackRock Inc., Bank of New York Mellon Corp, Goldman Sachs Group Inc., American Century Companies Inc. and Westfield Capital Management Co. LP. Company insiders that have sold Celanese Corporation stock in the last year include Gjon N Nivica Jr, Kevin S Oliver and Lori A Johnston. View Insider Buying and Selling for Celanese Corporation.
Who bought Celanese Corporation stock? Who is buying Celanese Corporation stock?
Celanese Corporation's stock was acquired by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Boston Partners, Victory Capital Management Inc., Nordea Investment Management AB, Standard Life Investments LTD, Old Mutual Global Investors UK Ltd., Ardevora Asset Management LLP and Koch Industries Inc.. View Insider Buying and Selling for Celanese Corporation.
How do I buy Celanese Corporation stock?
Shares of Celanese Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Celanese Corporation's stock price today?
One share of Celanese Corporation stock can currently be purchased for approximately $104.19.
MarketBeat Community Rating for Celanese Corporation (NYSE CE)MarketBeat's community ratings are surveys of what our community members think about Celanese Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Consensus Ratings for Celanese Corporation (NYSE:CE) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | 1 Sell Rating, 4 Hold Ratings, 8 Buy Ratings, 1 Strong Buy Rating |
| Consensus Rating: | Buy (Score: 2.64) |
| Consensus Price Target: | $102.62 (1.51% downside) |
Analysts' Ratings History for Celanese Corporation (NYSE:CE)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 9/20/2017 | Cowen and Company | Boost Price Target | Outperform -> Outperform | $115.00 -> $120.00 | Medium |  |
| 9/6/2017 | Royal Bank Of Canada | Reiterated Rating | Buy | $109.00 | Low | |
| 8/24/2017 | KeyCorp | Reiterated Rating | Buy | $106.00 | Low | |
| 7/19/2017 | Nomura | Boost Price Target | Neutral | $95.00 -> $97.00 | Low | |
| 7/10/2017 | Vertical Research | Downgrade | Buy -> Hold | $101.00 -> $103.00 | Low | |
| 7/4/2017 | Alembic Global Advisors | Reiterated Rating | Sell | | Low | |
| 6/20/2017 | J P Morgan Chase & Co | Reiterated Rating | Neutral | $90.00 -> $97.00 | Low | |
| 5/27/2017 | Jefferies Group LLC | Set Price Target | Buy | $104.00 | N/A | |
| 4/25/2017 | Citigroup Inc. | Boost Price Target | Buy | $100.00 -> $101.00 | Low | |
| 4/25/2017 | Barclays PLC | Lower Price Target | Overweight | $105.00 -> $98.00 | Low | |
| 4/19/2017 | Deutsche Bank AG | Lower Price Target | Buy | $100.00 -> $96.00 | Medium | |
| 4/19/2017 | Instinet | Boost Price Target | Neutral | $77.00 -> $88.00 | Medium | |
| 4/4/2017 | Goldman Sachs Group, Inc. (The) | Boost Price Target | Buy -> Conviction-Buy | $103.00 -> $110.00 | Low | |
| 2/17/2017 | Robert W. Baird | Initiated Coverage | Outperform | $105.00 | N/A | |
| 7/1/2016 | Susquehanna Bancshares Inc | Initiated Coverage | Positive | $80.00 | N/A | |
| 6/16/2016 | Morgan Stanley | Reiterated Rating | Hold | $65.00 | N/A | |
| 1/11/2016 | SunTrust Banks, Inc. | Upgrade | Neutral -> Buy | $80.00 | N/A | |
| 11/16/2015 | Macquarie | Reiterated Rating | Outperform | $75.00 -> $80.00 | N/A | |
(Data available from 9/26/2015 forward)
Earnings History for Celanese Corporation (NYSE:CE)Earnings History by Quarter for Celanese Corporation (NYSE CE)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 10/16/2017 | | $1.92 | | | | | N/A | |
| 7/24/2017 | Q2 2017 | $1.76 | $1.79 | $1.44 billion | $1.51 billion | View | N/A | |
| 4/17/2017 | Q1 2017 | $1.72 | $1.81 | $1.44 billion | $1.47 billion | View | N/A | |
| 2/1/2017 | Q416 | $1.51 | $1.52 | $1.29 billion | $1.31 billion | View | Listen | |
| 10/17/2016 | Q316 | $1.61 | $1.67 | $1.63 billion | $1.32 billion | View | N/A | |
| 7/25/2016 | Q216 | $1.56 | $1.59 | $1.42 billion | $1.35 billion | View | N/A | |
| 4/18/2016 | Q116 | $1.49 | $1.83 | $1.39 billion | $1.40 billion | View | N/A | |
| 1/21/2016 | Q415 | $1.24 | $1.25 | $1.37 billion | $1.33 billion | View | Listen | |
| 10/19/2015 | Q315 | $1.37 | $1.50 | $1.52 billion | $1.41 billion | View | Listen | |
| 7/16/2015 | Q215 | $1.42 | $1.58 | $1.57 billion | $1.48 billion | View | Listen | |
| 4/16/2015 | Q115 | $1.32 | $1.72 | $1.65 billion | $1.45 billion | View | N/A | |
| 1/22/2015 | Q414 | $1.19 | $1.28 | $1.68 billion | $1.56 billion | View | N/A | |
| 10/20/2014 | Q314 | $1.44 | $1.61 | $1.73 billion | $1.77 billion | View | N/A | |
| 7/17/2014 | Q214 | $1.23 | $1.47 | $1.72 billion | $1.77 billion | View | N/A | |
| 4/21/2014 | Q114 | $1.21 | $1.33 | $1.69 billion | $1.71 billion | View | N/A | |
| 1/22/2014 | Q413 | $1.02 | $1.04 | $1.57 billion | $1.62 billion | View | N/A | |
| 10/21/2013 | Q313 | $1.16 | $1.08 | $1.65 billion | $1.64 billion | View | N/A | |
| 7/18/2013 | Q2 2013 | $1.16 | $1.12 | $1.66 billion | $1.65 billion | View | N/A | |
| 4/18/2013 | Q1 2013 | $0.79 | $1.14 | $1.62 billion | $1.61 billion | View | N/A | |
| 1/28/2013 | Q4 2012 | $0.64 | $0.67 | $1.52 billion | $1.50 billion | View | N/A | |
| 10/22/2012 | | $0.90 | $0.93 | | | View | N/A | |
| 7/23/2012 | | $1.42 | $1.47 | | | View | N/A | |
| 4/24/2012 | | $0.77 | $0.72 | | | View | N/A | |
| 1/31/2012 | | $0.56 | $0.58 | | | View | N/A | |
| 10/25/2011 | | $1.08 | $1.27 | | | View | N/A | |
| 7/21/2011 | | $1.43 | $1.66 | | | View | N/A | |
| 4/26/2011 | | $0.82 | $0.96 | | | View | N/A | |
| 2/1/2011 | | $0.68 | $0.73 | | | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for Celanese Corporation (NYSE:CE)2017 EPS Consensus Estimate: $7.18
| Quarter | Number of Estimates | Low Estimate | High Estimate | Average Estimate |
|---|
| Q1 2017 | 2 | $1.66 | $1.75 | $1.71 |
| Q2 2017 | 3 | $1.73 | $1.78 | $1.75 |
| Q3 2017 | 3 | $1.85 | $1.95 | $1.91 |
| Q4 2017 | 3 | $1.78 | $1.85 | $1.81 |
(Data provided by Zacks Investment Research)
Current Dividend Information for Celanese Corporation (NYSE:CE)| Most Recent Dividend: | 8/7/2017 |
| Annual Dividend: | $1.84 |
| Dividend Yield: | 1.77% |
| Dividend Growth: | 38.00% (3 Year Average) |
| Payout Ratio: | 31.24% (Trailing 12 Months of Earnings)
25.10% (Based on This Year's Estimates)
22.72% (Based on Next Year's Estimates)
|
| Track Record: | 5 Years of Consecutive Dividend Growth |
Dividend History by Quarter for Celanese Corporation (NYSE CE)| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 7/18/2017 | quarterly | $0.46 | 1.86% | 7/26/2017 | 7/28/2017 | 8/7/2017 |
| 4/20/2017 | Quarterly | $0.46 | 2.08% | 4/27/2017 | 5/1/2017 | 5/11/2017 |
| 2/9/2017 | quarterly | $0.36 | 1.63% | 2/16/2017 | 2/21/2017 | 3/3/2017 |
| 10/19/2016 | Quarterly | $0.36 | | 10/27/2016 | 10/31/2016 | 11/10/2016 |
| 7/20/2016 | Quarterly | $0.36 | | 7/28/2016 | 8/1/2016 | 8/11/2016 |
| 4/21/2016 | quarterly | $0.36 | 1.99% | 4/28/2016 | 5/2/2016 | 5/12/2016 |
| 2/4/2016 | quarterly | $0.30 | 2.03% | 2/11/2016 | 2/16/2016 | 2/26/2016 |
| 10/22/2015 | quarterly | $0.30 | 1.73% | 10/29/2015 | 11/2/2015 | 11/12/2015 |
| 7/21/2015 | quarterly | $0.30 | 1.83% | 7/30/2015 | 8/3/2015 | 8/13/2015 |
| 4/23/2015 | quarterly | $0.30 | 1.82% | 4/30/2015 | 5/4/2015 | 5/15/2015 |
| 2/6/2015 | quarterly | $0.25 | 1.78% | 2/12/2015 | 2/17/2015 | 2/27/2015 |
| 10/23/2014 | quarterly | $0.25 | 1.71% | 10/30/2014 | 11/3/2014 | 11/14/2014 |
| 7/24/2014 | quarterly | $0.25 | 1.61% | 8/1/2014 | 8/5/2014 | 8/15/2014 |
| 4/24/2014 | quarterly | $0.25 | 1.69% | 5/1/2014 | 5/5/2014 | 5/16/2014 |
| 2/7/2014 | quarterly | $0.18 | 1.4% | 2/12/2014 | 2/17/2014 | 2/28/2014 |
| 10/24/2013 | quarterly | $0.18 | 1.25% | 10/31/2013 | 11/4/2013 | 11/14/2013 |
| 7/25/2013 | quarterly | $0.18 | 1.53% | 8/1/2013 | 8/5/2013 | 8/15/2013 |
| 4/25/2013 | quarterly | $0.09 | 0.76% | 5/2/2013 | 5/6/2013 | 5/16/2013 |
| 2/7/2013 | quarterly | $0.08 | 0.61% | 2/14/2013 | 2/19/2013 | 2/28/2013 |
(Data available from 1/1/2013 forward)
Insider Trading and Institutional Ownership History for Celanese Corporation (NYSE:CE)Insider Ownership Percentage: 0.42%
Institutional Ownership Percentage: 97.24%
Insider Trades by Quarter for Celanese Corporation (NYSE:CE)| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Details |
|---|
| 2/14/2017 | Kevin S Oliver | Insider | Sell | 2,327 | $87.74 | $204,170.98 | |
| 11/8/2016 | Lori A Johnston | CAO | Sell | 83,829 | $72.30 | $6,060,836.70 | |
| 10/26/2016 | Gjon N Nivica Jr | SVP | Sell | 25,000 | $71.36 | $1,784,000.00 | |
| 6/16/2016 | Farah M Walters | Director | Sell | 14,650 | $68.61 | $1,005,136.50 | |
| 6/16/2016 | Mark C Rohr | CEO | Sell | 17,200 | $69.50 | $1,195,400.00 | |
| 3/16/2016 | David F Hoffmeister | Director | Sell | 8,300 | $64.05 | $531,615.00 | |
| 8/31/2015 | Christopher W Jensen | CFO | Sell | 5,100 | $60.86 | $310,386.00 | |
| 5/18/2015 | Gjon N Nivica Jr | SVP | Sell | 16,359 | $67.30 | $1,100,960.70 | |
| 5/28/2014 | Gjon N Nivica Jr | SVP | Sell | 86,998 | $60.81 | $5,290,348.38 | |
| 2/20/2014 | Christopher Jensen | SVP | Sell | 1,330 | $52.41 | $69,705.30 | |
| 11/4/2013 | Gjon N Nivica Jr | SVP | Sell | 21,502 | $55.74 | $1,198,521.48 | |
| 10/24/2013 | Christopher W Jensen | SVP | Sell | 20,630 | $57.47 | $1,185,606.10 | |
| 10/24/2013 | Steven Sterin | CFO | Sell | 65,240 | $57.66 | $3,761,738.40 | |
| 2/14/2013 | Gjon N Nivica Jr | SVP | Sell | 9,000 | $50.12 | $451,080.00 | |
(Data available from 1/1/2013 forward)
Headline Trends for Celanese Corporation (NYSE:CE)
Latest Headlines for Celanese Corporation (NYSE:CE)
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Celanese Corporation (CE) Chart for Tuesday, September, 26, 2017
