Celanese (NYSE:CE) updated its FY 2021 earnings guidance on Thursday. The company provided EPS guidance of $16.500-$17.000 for the period, compared to the Thomson Reuters consensus EPS estimate of $13.590. The company issued revenue guidance of -.Celanese also updated its Q3 2021 guidance to $4.500-$4.750 EPS.
Several analysts have recently commented on the company. Wells Fargo & Company raised their price target on Celanese from $165.00 to $183.00 and gave the company an overweight rating in a report on Monday, April 26th. Jefferies Financial Group reaffirmed a buy rating on shares of Celanese in a report on Tuesday, April 6th. Deutsche Bank Aktiengesellschaft raised Celanese from a hold rating to a buy rating and lifted their price objective for the stock from $168.00 to $175.00 in a report on Thursday, July 1st. Royal Bank of Canada lifted their price objective on Celanese from $170.00 to $181.00 and gave the stock an outperform rating in a report on Tuesday, April 27th. Finally, Morgan Stanley lifted their price objective on Celanese from $150.00 to $157.00 and gave the stock an equal weight rating in a report on Monday, April 26th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of $159.71.
Shares of NYSE:CE traded down $2.59 during midday trading on Thursday, reaching $148.88. The company’s stock had a trading volume of 877,494 shares, compared to its average volume of 813,560. The firm has a market cap of $16.77 billion, a price-to-earnings ratio of 8.31, a price-to-earnings-growth ratio of 0.53 and a beta of 1.22. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.39 and a current ratio of 1.92. Celanese has a 1 year low of $92.11 and a 1 year high of $171.00. The company’s 50 day moving average is $157.54.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 9th. Stockholders of record on Monday, July 26th will be given a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date of this dividend is Friday, July 23rd. Celanese’s dividend payout ratio is currently 35.60%.
Celanese Company Profile
Celanese Corporation, a technology and specialty materials company, manufactures and sells high performance engineered polymers in the United States and internationally. The company operates through Engineered Materials, Acetate Tow, and Acetyl Chain segments. 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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