Celanese Corp (NYSE:CE), a global technology and specialty materials company, opened at $101.23 on May 12th, 2023. The company has a fifty-two week low of $86.71 and a fifty-two week high of $161.37. Celanese currently maintains a 50-day moving average of $106.64 and a 200-day moving average of $108.57.
With regards to financial ratios, the company has a debt-to-equity ratio of 2.19, a current ratio of 1.63 and a quick ratio of 0.93. As at May 13, 2023, Celanese has a market capitalization of $10.98 billion, price-to-earnings (PE) ratio of 5.83, and earnings-per-share growth rate (PEG) of 5.69; all indicating underperformance in the near term as per industry benchmarks.
Quite recently several equities research analysts have weighed in on CE with different rating opinions including Barclays cutting their price objective on Celanese from $150 to $146 while two analyst rated the stock as sell, five rated it as hold while eight issued a buy rating to the stock.
As the year progresses Celanese’s senior vice president Mark Christopher Murray acquired an impressive shareholding in his organization after recently acquiring about twelve hundred shares from transactions conducted on Tuesday, February 28th at an average price per share value of $117.15 for a total transaction figure amounting to $140,580 thus increasing his total shareholding value to around ten thousand five hundred shares valued at an estimated sum worth over one million dollars.
Moving towards its debt obligations and cash reserves information released by the quarterly report filed by Celanese earlier this month showed that the business recorded second quarter net income profits affording them opportunities for strategic investment leading to future expansion exploits after they posted an earnings per share of $2.01, exceeding the expected consensus by analysts of $1.66. All things being equal, Celanese is capable of withstanding current and future market trends as it maintains a 12.4% quarterly revenue growth year-over-year.
Having analyzed both internal and external factors impacting the company’s operations it can be concluded that whilst Celanese’s business model is built for longevity and profitability, its lackluster performance in relation to industry benchmarks requires renewed strategic positioning for long term growth and stability.
Celanese Co. experiences Q2 earnings decline but remains optimistic for future growth
In recent news, Celanese Co. has seen a decline in their Q2 2023 earnings per share estimates according to research analysts at KeyCorp. The basic materials company now anticipates earning $2.58 per share for the second quarter of 2023, which is down from their previous estimate of $2.72. This news was shared in a research note issued to investors on May 10th by KeyCorp analyst A. Yefremov.
Despite this setback, Celanese remains optimistic about their full-year earnings with a consensus estimate of $11.64 per share. KeyCorp also issued estimates for Celanese’s FY2024 earnings at $14.28 EPS, indicating promising growth for the company in the upcoming years.
In addition to this news, Celanese recently announced that they will be issuing a quarterly dividend on May 15th to shareholders of record on May 1st. The dividend payout, valued at $0.70 per share, represents an annualized yield of 2.77%. With an impressive dividend payout ratio (DPR) of 16.12%, Celanese continues to prioritize their shareholders through consistent returns and strategic investments.
Celanese is a global technology and specialty materials company that prides itself on providing innovative solutions for a variety of industries including automotive, construction, healthcare, and more. Their commitment to sustainability and customer satisfaction sets them apart from competitors and ensures long-term success.
Investors and analysts alike will continue to monitor Celanese’s performance as they navigate the ups and downs of the ever-changing market landscape. Despite challenges along the way, Celanese remains resilient in its pursuit of growth and progress towards achieving its goals and objectives in the years ahead – all while maintaining an air of cutting-edge innovation’.
