Celanese Co. (CE) Declares Quarterly Dividend of $0.62

Celanese Co. (NYSE:CE) announced a quarterly dividend on Thursday, April 18th, NASDAQ reports. Investors of record on Monday, April 29th will be paid a dividend of 0.62 per share by the basic materials company on Thursday, May 9th. This represents a $2.48 annualized dividend and a yield of 2.36%. 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.

Shares of CE opened at $105.19 on Friday. Celanese has a fifty-two week low of $82.91 and a fifty-two week high of $119.29. The stock has a market capitalization of $13.47 billion, a P/E ratio of 9.56, a PEG ratio of 1.01 and a beta of 1.32. The company has a quick ratio of 1.03, a current ratio of 1.62 and a debt-to-equity ratio of 0.88.

Celanese (NYSE:CE) last announced its quarterly earnings data on Monday, January 28th. The basic materials company reported $2.38 earnings per share for the quarter, missing the consensus estimate of $2.40 by ($0.02). Celanese had a return on equity of 40.37% and a net margin of 16.87%. The firm had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.72 billion. During the same period last year, the business posted $1.98 EPS. The company’s revenue was up 6.0% compared to the same quarter last year. Sell-side analysts expect that Celanese will post 10.41 earnings per share for the current year.

A number of research analysts have weighed in on the company. Zacks Investment Research raised Celanese from a “sell” rating to a “hold” rating in a report on Tuesday, April 2nd. ValuEngine raised Celanese from a “sell” rating to a “hold” rating in a report on Friday, February 22nd. BMO Capital Markets lowered 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 reduced their target price on 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 set a $120.00 target price on shares of Celanese in a report on Wednesday, January 30th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the stock. Celanese presently has a consensus rating of “Hold” and a consensus price target of $114.22.

COPYRIGHT VIOLATION NOTICE: This news story was originally reported by Baseball Daily News and is the property of of Baseball Daily News. If you are reading this news story on another website, it was illegally stolen and republished in violation of U.S. and international copyright and trademark legislation. The correct version of this news story can be read at https://www.baseballdailydigest.com/news/2019/04/21/celanese-co-ce-declares-quarterly-dividend-of-0-62.html.

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.

Further Reading: Earnings Per Share

Dividend History 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.