Celanese slides higher as Q3 earnings top consensus despite Clear Lake fire [Seeking Alpha]
Celanese Corporation Celanese Corporation (CE)
Last celanese corporation celanese corporation earnings: 4/27 04:15 pm
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Source: Seeking Alpha
Celanese slides higher as Q3 earnings top consensus despite Clear Lake fire Celanese (NYSE: CE +2.1% Q3 earnings For FY 2019, CE forecasts EPS of $9.60-$9.80, below the $10.14 analyst consensus, seeing "few indications of sustained improvement," which means that "low demand levels are likely to persist through the remainder of the year. CE expects 2020 adjusted EPS of $11-$12, "with the higher end of the range achievable if we see improvement in demand conditions next year," although more clarification on the outlook will be uncertain until next year. During Q3, CE says its Acetyl Chain business recorded $867M in net sales, with volume growth of 1% Q/Q offsetting the impact of foreign currency headwinds, and net sales in the Engineered Materials unit totaled $591M, as volume expanded 2% Q/Q and offset the continuation of depressed demand globally.
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News
- Global Encapsulant Material for PV Module Market to rise at a 7.90% CAGR through 2034, reaching US$ 12 billion | Future Market Insights Inc. [Yahoo! Finance]Yahoo! Finance
- Celanese Announces Kim K.W. Rucker as New Lead Independent DirectorBusiness Wire
- Celanese Co. (NYSE: CE) had its price target raised by analysts at Royal Bank of Canada from $165.00 to $171.00. They now have an "outperform" rating on the stock.MarketBeat
- Celanese to Hold First Quarter Earnings Conference Call on May 9, 2024Business Wire
- Celanese Corporation Declares Quarterly Dividend of $0.70 Per Share [Yahoo! Finance]Yahoo! Finance
CE
Earnings
- 2/20/24 - Miss
CE
Sec Filings
- 3/21/24 - Form ARS
- 3/21/24 - Form DEFA14A
- 3/21/24 - Form DEF
- CE's page on the SEC website