Celanese Corporation (CE) is looking to redefine its profit playbook with moves like dividend tweaks and acetyl price hikes. The corporation has declared a quarterly dividend of $0.03 per share. However, their Q4 earnings are expected to decline. After a period of worsening, things are expected to improve for Celanese.Price increases in Acetic Acid, Vinyl Acetate Monomer, and Derivatives have been announced. Some experts, like those at Evercore ISI, remain cautious on the corporation post-Q3 Earnings, even amid broader chemical stock rallies. UBS has downgraded Celanese, maintaining a neutral rating. Celanese shares have shown significant movement. The corporation's stock has fallen by 13% following a disclosure about inventory destocking. However, the shares are rebounding from recent weakness and show signs of a potential breakout. The corporation faces headwinds like the planned closure of its Belgian acetate tow plant and asset write-downs. However, it has also made strategic moves like divesting its Micromax business and extending its debt maturity profile that is taken positively by the market.
Celanese Corporation CE News Analytics from Fri, 21 Feb 2025 08:00:00 GMT to Fri, 13 Feb 2026 12:58:02 GMT -
Rating 2
- Innovation 5
- Information 7
- Rumor -2
