Celanese (NYSE:CE) issued an update on its FY 2019 earnings guidance on Monday morning. The company provided earnings per share guidance of $10.50-10.50 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $10.37. Celanese also updated its FY19 guidance to $10.50 EPS.

A number of research analysts have issued reports on the stock. Zacks Investment Research raised shares of Celanese from a sell rating to a hold rating in a report on Tuesday, April 2nd. ValuEngine raised shares of Celanese from a sell rating to a hold rating in a report on Friday, February 22nd. BMO Capital Markets cut shares of Celanese from an outperform rating to a market perform rating and set a $107.00 target price for the company. in a report on Tuesday, January 8th. KeyCorp dropped their target price on shares of Celanese from $145.00 to $125.00 and set an overweight rating for the company in a report on Wednesday, January 30th. Finally, Robert W. Baird reaffirmed a buy rating and issued a $120.00 target price on shares of Celanese in a report on Wednesday, January 30th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Celanese currently has a consensus rating of Hold and a consensus price target of $114.22.

CE stock opened at $104.47 on Tuesday. The company has a market capitalization of $13.47 billion, a PE ratio of 9.50, a price-to-earnings-growth ratio of 1.01 and a beta of 1.32. Celanese has a 12 month low of $82.91 and a 12 month high of $119.29. The company has a current ratio of 1.62, a quick ratio of 1.03 and a debt-to-equity ratio of 0.88.

Celanese (NYSE:CE) last released its quarterly earnings results on Monday, April 22nd. The basic materials company reported $2.62 EPS for the quarter, beating the consensus estimate of $2.49 by $0.13. The business had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.76 billion. Celanese had a net margin of 16.87% and a return on equity of 40.37%. The company’s quarterly revenue was down 8.9% on a year-over-year basis. During the same period in the prior year, the business earned $2.79 earnings per share. Equities analysts anticipate that Celanese will post 10.41 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Monday, April 29th will be given a $0.62 dividend. The ex-dividend date of this dividend is Friday, April 26th. This is a positive change from Celanese’s previous quarterly dividend of $0.54. This represents a $2.48 annualized dividend and a dividend yield of 2.37%. Celanese’s dividend payout ratio is currently 19.64%.

ILLEGAL ACTIVITY NOTICE: This piece of content was first posted by Watch List News and is the property of of Watch List News. If you are accessing this piece of content on another domain, it was illegally copied and reposted in violation of international trademark & copyright legislation. The legal version of this piece of content can be accessed at https://www.watchlistnews.com/celanese-ce-updates-fy-2019-earnings-guidance/2982211.html.

About Celanese

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.

Read More: What Are Treasury Bonds?

Earnings History and Estimates for Celanese (NYSE:CE)

Receive News & Ratings for Celanese Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Celanese and related companies with MarketBeat.com's FREE daily email newsletter.