Celanese (CE) to Release Earnings on Tuesday

Celanese (NYSE:CEGet Free Report) is scheduled to release its earnings data after the market closes on Tuesday, February 20th. Analysts expect Celanese to post earnings of $2.31 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Celanese Price Performance

CE opened at $151.66 on Tuesday. The stock has a market cap of $16.51 billion, a price-to-earnings ratio of 8.17, a PEG ratio of 4.05 and a beta of 1.36. Celanese has a 1 year low of $97.12 and a 1 year high of $159.06. The company has a current ratio of 1.63, a quick ratio of 0.98 and a debt-to-equity ratio of 1.77. The stock has a fifty day moving average price of $148.54 and a 200 day moving average price of $132.35.

Celanese Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 5th. Investors of record on Tuesday, February 20th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, February 16th. This represents a $2.80 dividend on an annualized basis and a yield of 1.85%. Celanese’s payout ratio is 15.09%.

Institutional Trading of Celanese

Several hedge funds have recently modified their holdings of the stock. Snowden Capital Advisors LLC acquired a new stake in Celanese in the second quarter worth $211,000. Meeder Asset Management Inc. acquired a new stake in Celanese in the first quarter worth $206,000. DRW Securities LLC acquired a new stake in Celanese in the fourth quarter worth $205,000. Epacria Capital Partners LLC acquired a new stake in shares of Celanese during the fourth quarter worth $204,000. Finally, Systematic Financial Management LP acquired a new stake in shares of Celanese during the first quarter worth $191,000. 98.87% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Piper Sandler raised Celanese from an “underweight” rating to a “neutral” rating and boosted their price target for the stock from $112.00 to $135.00 in a research report on Tuesday, November 21st. StockNews.com cut Celanese from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th. Royal Bank of Canada reduced their price target on Celanese from $145.00 to $142.00 and set an “outperform” rating for the company in a research report on Wednesday, November 8th. UBS Group boosted their price target on Celanese from $169.00 to $170.00 and gave the stock a “buy” rating in a research report on Thursday, January 11th. Finally, Alembic Global Advisors cut Celanese from an “overweight” rating to a “neutral” rating and set a $160.00 price target for the company. in a research report on Monday, January 22nd. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $136.29.

Read Our Latest Stock Analysis on CE

Celanese Company Profile

(Get Free Report)

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.

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Earnings History for Celanese (NYSE:CE)

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