Celanese (NYSE:CE) Announces Earnings Results, Beats Expectations By $0.22 EPS

Celanese (NYSE:CEGet Free Report) issued its earnings results on Tuesday. The basic materials company reported $2.45 EPS for the quarter, beating analysts’ consensus estimates of $2.23 by $0.22, FiscalAI reports. Celanese had a positive return on equity of 9.92% and a negative net margin of 11.54%.The firm had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.75 billion. The business’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.44 earnings per share. Celanese updated its Q3 2026 guidance to 1.350-1.750 EPS.

Celanese Stock Down 6.3%

CE traded down $2.86 during trading on Wednesday, reaching $42.38. 1,859,179 shares of the stock were exchanged, compared to its average volume of 2,225,164. The stock has a market cap of $4.65 billion, a P/E ratio of -4.23, a price-to-earnings-growth ratio of 0.27 and a beta of 0.76. The stock’s 50 day moving average price is $48.75 and its two-hundred day moving average price is $54.00. Celanese has a twelve month low of $35.13 and a twelve month high of $70.70. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.85 and a current ratio of 1.38.

Celanese Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Tuesday, July 28th will be issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Tuesday, July 28th. Celanese’s payout ratio is presently -1.20%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on CE shares. Mizuho set a $50.00 price target on Celanese in a research note on Wednesday. Wall Street Zen lowered Celanese from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. Weiss Ratings reissued a “sell (d-)” rating on shares of Celanese in a research note on Tuesday, May 26th. JPMorgan Chase & Co. lifted their price objective on Celanese from $53.00 to $68.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Finally, Wells Fargo & Company increased their price target on shares of Celanese from $75.00 to $80.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. Ten investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Celanese has an average rating of “Moderate Buy” and an average price target of $65.44.

Get Our Latest Stock Analysis on Celanese

Hedge Funds Weigh In On Celanese

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CE. Osaic Holdings Inc. boosted its holdings in shares of Celanese by 10.6% during the fourth quarter. Osaic Holdings Inc. now owns 4,024 shares of the basic materials company’s stock worth $170,000 after acquiring an additional 387 shares during the period. Quarry LP acquired a new stake in Celanese during the fourth quarter worth approximately $129,000. Wilmington Savings Fund Society FSB raised its holdings in Celanese by 24.5% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 2,544 shares of the basic materials company’s stock valued at $108,000 after acquiring an additional 500 shares in the last quarter. Parallel Advisors LLC lifted its position in shares of Celanese by 23.9% during the 4th quarter. Parallel Advisors LLC now owns 2,376 shares of the basic materials company’s stock valued at $100,000 after acquiring an additional 459 shares during the period. Finally, Advisory Services Network LLC bought a new position in shares of Celanese in the third quarter worth $90,000. 98.87% of the stock is owned by institutional investors.

About Celanese

(Get Free Report)

Celanese Corporation is a global chemical and specialty materials company that develops, manufactures and markets a broad portfolio of products serving diverse industries. The company operates through two primary business segments—Engineered Materials and Acetyl Chain—offering solutions that range from high-performance polymers and specialty additives to industrial chemicals and intermediates. Its engineered materials are used in applications such as automotive components, consumer electronics, medical devices and packaging, while its acetyl derivatives find uses in coatings, adhesives, solvents and personal care products.

In the Engineered Materials segment, Celanese produces a variety of high-performance thermoplastics, polyether-block-amide (PEBA) elastomers and functional additives designed to enhance product durability, thermal resistance and sustainability.

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Earnings History for Celanese (NYSE:CE)

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