|Bid||95.62 x 800|
|Ask||0.00 x 1100|
|Day's Range||98.34 - 103.12|
|52 Week Range||95.45 - 119.29|
|Beta (3Y Monthly)||1.22|
|PE Ratio (TTM)||11.97|
|Earnings Date||Oct 15, 2018 - Oct 19, 2018|
|Forward Dividend & Yield||2.16 (2.22%)|
|1y Target Est||128.22|
Celanese Corporation , a global specialty materials company, today announced it will increase list and off-list selling prices for MIBK and MIBC. The price increases below are for orders shipped and will be effective immediately, or as contracts otherwise allow, and are incremental to any previously announced increases.
Celanese (CE) delivered earnings and revenue surprises of 7.64% and -2.56%, respectively, for the quarter ended September 2018. Do the numbers hold clues to what lies ahead for the stock?
Celanese Corp. shares rose nearly 7% in the extended session after the specialty materials company reported earnings above expectations and raised guidance for the year. Celanese said it earned $402 million, or $3 a share, in the quarter, compared with $228 million, or $1.68 a share, in the year-ago period. Sales rose 13% to $1.8 billion. Analysts polled by FactSet had expected earnings of $2.68 a share on sales of $1.7 billion. The company raised expectations for 2018 adjusted earnings to between $10.90 and $11.10 a share. "We are working hard to execute on our three-year strategic plan which now rolls up at around $34 per share of cumulative adjusted earnings through 2020," Chief Executive Mark Rohr said in a statement. Celanese shares ended the regular session down 2.6%.
The Irving, Texas-based company said it had net income of $2.96 per share. The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was ...
Celanese Corporation , a global specialty materials company, today reported GAAP diluted earnings per share of $3.00, and adjusted earnings per share of $2.96. Net sales in the quarter expanded 13 percent year over year to $1.8 billion.
Celanese Corporation (CE), a global specialty materials company, today announced a capital efficient debottlenecking project of its polyoxymethylene (POM) production unit at the Industriepark Höchst (IPH) facility in Frankfurt, Germany to support the continued growth of its global engineered materials business. “Celanese continues to exhibit its leadership position in the manufacture and compounding of highly engineered materials, such as POM, by adding this capacity to support growth in sophisticated, functionalized polymers,” said Scott Sutton, Chief Operating Officer. Celanese expects to expand the production capacity of its IPH unit by 20 kilotonnes, making this the world’s largest and most efficient POM plant.
Celanese Corporation (NYSE:CE) saw significant share price volatility over the past couple of months on the NYSE, rising to the highs of $118.11 and falling to the lows of $97.95. Read More...
Celanese Corporation , a global specialty materials company, declared a quarterly dividend of $0.54 per share on its common stock, payable on November 8, 2018.
Celanese Corporation (CE), a global specialty materials company, today announced its commitment to partner with customers to identify mutually high value opportunities and launch collaborative projects through its new Customer Options Mapping approach to customer engagement. “Manufacturers partner with Celanese because of our broad portfolio of polymers, our global customer enabling capabilities, and our ability to translate their needs into the right solution,” explained Scott Sutton, Celanese’s Chief Operating Officer. Through its project-based model, Celanese partners teams of engineers and product specialists with customers to solve a full range of materials challenges.
In a press release on October 10, Cabot (CBT) said that the Department of Energy selected the company to participate in advanced vehicle technologies research. The Department of Energy has initiated 42 projects in advanced vehicle technologies that could help in affordable mobility. The Department of Energy has set aside $80 million to be invested in the field—$32 million is allocated towards battery and electrification. The Department of Energy’s $2.9 million assistance should boost the company’s research.
On October 11, PolyOne (POL) declared its quarterly cash dividend. The press release said that PolyOne would pay a dividend of $0.195 per share. The dividend rate represents 11% growth over the previous year.
Celanese's (CE) strategic measures including cost savings through productivity actions and efficiency enhancement are expected to drive third-quarter earnings.
Improved performance in the steel mills unit to support Nucor's (NUE) Q3 earnings amid expected decline in the steel products and raw materials units.
Zacks.com highlights: Bristol-Myers Squibb, Celanese, Ternium S.A. and Mettler-Toledo International
On October 11, Celanese (CE) announced that it entered into a definitive agreement to acquire Next Polymers. However, Celanese didn’t disclose the financial aspects of the acquisition. Celanese expects the deal to be completed by the first quarter of 2019.
In a press release on October 11, LyondellBasell discussed the launch of a new copolymer—Purell EP374M. The new product targets the Healthcare segment by storing medicine and healthcare components.
Celanese Corporation , a global specialty materials company, today announced the following product price increases.
The acquisition supports Celanese's (CE) global manufacturing base by adding domestic compounding facility with 10 production lines.
In a press release on October 11, DowDuPont (DWDP) announced the quarterly dividend. DowDupont said that its board approved a quarterly dividend of $0.38 per share. The quarter dividend implies that there isn’t an increase in the dividend rate. DowDuPont might not revise its dividend rate until the spin-off is completed. DowDuPont released its fifth dividend after the merger of Dow Chemical and DuPont.
“This acquisition further supports the company’s global manufacturing base," according to Celanese's chief operating officer.