Celanese (NYSE:CE) Issues Earnings Results

Celanese (NYSE:CE) issued its quarterly earnings data on Tuesday. The basic materials company reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.23 by $0.22, FiscalAI reports. The company had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.75 billion. Celanese had a positive return on equity of 13.15% and a negative net margin of 12.04%.The business’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.44 earnings per share. Celanese updated its Q3 2026 guidance to 1.350-1.750 EPS.

Celanese Price Performance

Shares of CE traded up $1.06 during trading hours on Thursday, reaching $44.20. 1,895,795 shares of the company traded hands, compared to its average volume of 2,250,812. The company has a quick ratio of 0.85, a current ratio of 1.38 and a debt-to-equity ratio of 2.41. The stock has a market capitalization of $4.85 billion, a PE ratio of -4.13, a price-to-earnings-growth ratio of 0.28 and a beta of 0.76. Celanese has a fifty-two week low of $35.13 and a fifty-two week high of $70.70. The stock has a fifty day simple moving average of $48.56 and a 200 day simple moving average of $53.97.

Celanese Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Tuesday, July 28th will be given a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Tuesday, July 28th. Celanese’s dividend payout ratio is currently -1.20%.

Hedge Funds Weigh In On Celanese

Several large investors have recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. increased its stake in shares of Celanese by 111.1% during the 2nd quarter. Geneos Wealth Management Inc. now owns 513 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 270 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in shares of Celanese by 100.0% in the second quarter. Smartleaf Asset Management LLC now owns 662 shares of the basic materials company’s stock worth $38,000 after acquiring an additional 331 shares during the last quarter. National Bank of Canada FI purchased a new stake in Celanese in the third quarter valued at approximately $34,000. UMB Bank n.a. increased its position in Celanese by 175.7% during the fourth quarter. UMB Bank n.a. now owns 896 shares of the basic materials company’s stock worth $38,000 after purchasing an additional 571 shares during the last quarter. Finally, Kestra Advisory Services LLC acquired a new position in Celanese during the fourth quarter worth approximately $41,000. 98.87% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CE has been the topic of a number of recent research reports. Mizuho set a $50.00 target price on shares of Celanese in a report on Wednesday. Wells Fargo & Company lowered their target price on shares of Celanese from $80.00 to $65.00 and set an “overweight” rating on the stock in a report on Thursday. Weiss Ratings reissued a “sell (d-)” rating on shares of Celanese in a report on Tuesday, May 26th. Morgan Stanley decreased their target price on shares of Celanese from $72.00 to $58.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 16th. Finally, Citigroup dropped their price objective on Celanese from $80.00 to $68.00 and set a “buy” rating for the company in a research note on Wednesday, June 24th. Ten analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Celanese currently has an average rating of “Moderate Buy” and an average price target of $63.88.

About Celanese

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.