CE, represented by Celanese Corporation, is anticipated to announce its latest quarterly earnings on Monday, May 4th. Analysts predict a consensus estimate of $0.878 per share.
Celanese Corporation is currently priced at $64.6, reflecting a decrease of 49 cents (-0.753%) from the previous close at $65.09. The trading volume, at $445,652, is 16.87% above the average.
The most recent earnings report for CE was on Monday, February 16th, with a consensus estimate of $0.89 per share. The company's latest quarterly revenue and earnings call summary are pending.
CE offers a forward dividend yield of 0.186%. The dividend per share for the most recent quarter was 3 cents, showing a decrease of 96.7857 cents year-over-year. Over the trailing twelve months, the dividend per share stands at 12 cents.
Celanese Corporation's cash flow indicates a free cash flow of $168 million, acquisitions netting $14 million, and debt repayment of $243 million. The net change in cash for the period was -$177 million, with an ending cash balance of $1.26 billion.
CE reported revenue of $2.20 billion, with a gross profit of $383 million. Operating income was $128 million, leading to a net income of $19 million, translating to earnings per share of 17 cents.
Key ratios for CE include a gross profit margin of 17.38%, return on assets of 0.09, and a price-to-earnings ratio of 60.97. The company's debt ratio is 59.62, with a cash ratio of 0.34.
Celanese Corporation's balance sheet shows total assets of $21.70 billion, total liabilities of $17.22 billion, and net debt of $206 million.
This report provides a snapshot of CE's financial performance, indicating a slight decline in price and upcoming earnings announcement.
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 three segments: Engineered Materials, Acetate Tow, and Acetyl Chain. 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. It also offers acesulfame potassium, a sweetener for use in various beverages, confections, and dairy products; and food protection ingredients, such as potassium sorbate and sorbic acid for use in foods, beverages, and personal care products. The Acetate Tow segment provides acetate tows and flakes for use in filter products applications. The Acetyl Chain segment produces and supplies acetyl products, including acetic acid, vinyl acetate monomers, acetic anhydride, and acetate esters that are used as starting materials for colorants, paints, adhesives, coatings, and pharmaceuticals; and organic solvents and intermediates for pharmaceutical, agricultural, and chemical products. It also offers vinyl acetate-based emulsions for use in paints and coatings, adhesives, construction, glass fiber, textiles, and paper applications; and ethylene vinyl acetate resins and compounds, as well as low-density polyethylene for use in flexible packaging films, lamination film products, hot melt adhesives, automotive parts, and carpeting applications. In addition, it manufactures ultra-high molecular weight polyethylene. Celanese Corporation was founded in 1918 and is headquartered in Irving, Texas.