Celanese (NYSE:CE) Releases Q4 2024 Earnings Guidance

Celanese (NYSE:CE) updated its fourth quarter 2024 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of 1.250-1.250 for the period, compared to the consensus estimate of 2.930. The company issued revenue guidance of -. Celanese also updated its Q4 guidance to $1.25 EPS.

Analyst Ratings Changes

CE has been the subject of several recent research reports. Robert W. Baird decreased their target price on shares of Celanese from $150.00 to $110.00 and set an “outperform” rating for the company in a research note on Wednesday. Deutsche Bank Aktiengesellschaft upgraded shares of Celanese from a “hold” rating to a “buy” rating and decreased their target price for the stock from $135.00 to $110.00 in a research note on Wednesday. Bank of America decreased their target price on shares of Celanese from $137.00 to $128.00 and set an “underperform” rating for the company in a research note on Monday, August 12th. Royal Bank of Canada decreased their target price on shares of Celanese from $167.00 to $163.00 and set an “outperform” rating for the company in a research note on Friday, October 11th. Finally, Barclays decreased their target price on shares of Celanese from $151.00 to $101.00 and set an “equal weight” rating for the company in a research note on Wednesday. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $135.59.

Celanese Price Performance

Celanese stock traded up $1.69 during mid-day trading on Wednesday, reaching $92.69. The company had a trading volume of 2,641,313 shares, compared to its average volume of 829,885. Celanese has a 1 year low of $90.51 and a 1 year high of $172.16. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.28 and a quick ratio of 0.74. The company has a market capitalization of $10.13 billion, a P/E ratio of 5.18, a P/E/G ratio of 0.72 and a beta of 1.31. The stock’s 50-day simple moving average is $128.78 and its 200-day simple moving average is $137.81.

Celanese (NYSE:CE) last issued its quarterly earnings data on Monday, November 4th. The basic materials company reported $2.44 earnings per share for the quarter, missing analysts’ consensus estimates of $2.85 by ($0.41). Celanese had a return on equity of 13.60% and a net margin of 18.24%. The business had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.70 billion. During the same period last year, the business earned $2.50 earnings per share. The company’s revenue for the quarter was down 2.8% on a year-over-year basis. On average, equities analysts predict that Celanese will post 10.24 EPS for the current year.

Celanese Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 13th. Stockholders of record on Wednesday, October 30th will be paid a dividend of $0.70 per share. The ex-dividend date is Wednesday, October 30th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.02%. Celanese’s dividend payout ratio (DPR) is 15.94%.

Insider Transactions at Celanese

In other Celanese news, COO Scott A. Richardson sold 4,675 shares of Celanese stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $129.51, for a total value of $605,459.25. Following the completion of the sale, the chief operating officer now directly owns 69,754 shares of the company’s stock, valued at approximately $9,033,840.54. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.40% of the company’s stock.

About Celanese

Celanese Corporation, a chemical and specialty materials company, manufactures and sells high performance engineered polymers in the United States and internationally. It operates through Engineered Materials and Acetyl Chain. The 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.