Celanese (NYSE:CE) posted its earnings results on Thursday. The basic materials company reported $2.96 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.74 by $0.22, Briefing.com reports. Celanese had a net margin of 18.57% and a return on equity of 40.38%. The business had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same quarter in the prior year, the firm earned $1.93 EPS. The firm’s quarterly revenue was up 13.1% compared to the same quarter last year. Celanese updated its FY 2018 guidance to $10.90-11.10 EPS and its FY18 guidance to $10.90-11.10 EPS.
Celanese stock opened at $99.62 on Friday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.39 and a current ratio of 1.96. Celanese has a 1 year low of $95.45 and a 1 year high of $119.29. The stock has a market cap of $13.12 billion, a price-to-earnings ratio of 13.26, a price-to-earnings-growth ratio of 0.90 and a beta of 1.30.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 8th. Shareholders of record on Monday, October 29th will be issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date of this dividend is Friday, October 26th. Celanese’s dividend payout ratio is currently 28.76%.
Celanese Company Profile
Celanese Corporation, a technology and specialty materials company, manufactures and sells value-added chemicals, thermoplastic polymers, and other chemical-based products worldwide. The company operates through Advanced Engineered Materials, Consumer Specialties, Industrial Specialties, and Acetyl Intermediates segments.
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