Celanese (NYSE:CE) Posts Earnings Results, Beats Expectations By $0.22 EPS

Celanese (NYSE:CE) posted its quarterly earnings results on Tuesday. The basic materials company reported $2.45 EPS for the quarter, beating the consensus estimate of $2.23 by $0.22, FiscalAI reports. Celanese had a positive return on equity of 9.92% and a negative net margin of 11.54%.The firm had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.75 billion. Celanese updated its Q3 2026 guidance to 1.350-1.750 EPS.

Celanese Trading Up 3.5%

Shares of NYSE:CE traded up $1.52 during mid-day trading on Tuesday, reaching $45.41. 3,728,054 shares of the company were exchanged, compared to its average volume of 2,228,812. Celanese has a 1 year low of $35.13 and a 1 year high of $70.70. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.38 and a quick ratio of 0.85. The firm’s 50-day simple moving average is $48.89 and its 200 day simple moving average is $54.01. The firm has a market cap of $4.98 billion, a price-to-earnings ratio of -4.54, a P/E/G ratio of 0.28 and a beta of 0.76.

Celanese Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Tuesday, July 28th will be issued a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Tuesday, July 28th. Celanese’s dividend payout ratio is currently -1.20%.

Hedge Funds Weigh In On Celanese

Several institutional investors have recently bought and sold shares of the company. Geneos Wealth Management Inc. grew its holdings in shares of Celanese by 111.1% in the second quarter. Geneos Wealth Management Inc. now owns 513 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 270 shares in the last quarter. National Bank of Canada FI purchased a new position in Celanese in the third quarter valued at $34,000. UMB Bank n.a. lifted its holdings in Celanese by 175.7% during the 4th quarter. UMB Bank n.a. now owns 896 shares of the basic materials company’s stock worth $38,000 after buying an additional 571 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in shares of Celanese by 100.0% during the 2nd quarter. Smartleaf Asset Management LLC now owns 662 shares of the basic materials company’s stock worth $38,000 after acquiring an additional 331 shares in the last quarter. Finally, Kestra Advisory Services LLC purchased a new position in shares of Celanese in the 4th quarter valued at about $41,000. 98.87% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CE has been the subject of several analyst reports. JPMorgan Chase & Co. upped their target price on Celanese from $53.00 to $68.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Zacks Research upgraded Celanese from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 21st. UBS Group boosted their price target on shares of Celanese from $58.00 to $64.00 and gave the company a “neutral” rating in a research report on Thursday, April 9th. Bank of America cut their price objective on shares of Celanese from $72.00 to $63.00 and set a “buy” rating for the company in a research report on Tuesday, June 30th. Finally, BMO Capital Markets decreased their target price on shares of Celanese from $80.00 to $57.00 and set a “market perform” rating on the stock in a report on Monday, July 6th. Ten equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $65.94.

About Celanese

Celanese Corporation is a global chemical and specialty materials company that develops, manufactures and markets a broad portfolio of products serving diverse industries. The company operates through two primary business segments—Engineered Materials and Acetyl Chain—offering solutions that range from high-performance polymers and specialty additives to industrial chemicals and intermediates. Its engineered materials are used in applications such as automotive components, consumer electronics, medical devices and packaging, while its acetyl derivatives find uses in coatings, adhesives, solvents and personal care products.

In the Engineered Materials segment, Celanese produces a variety of high-performance thermoplastics, polyether-block-amide (PEBA) elastomers and functional additives designed to enhance product durability, thermal resistance and sustainability.