Category: CE

CE – Celanese (CE) Surpasses Earnings and Sales Estimates in Q2

Celanese Corporation (CE Free Report) logged earnings from continuing operations of $4.81 per share in second-quarter 2021, up from 93 cents in the year-ago quarter.

Barring one-time items, adjusted earnings were $5.02 per share, up from $1.30 in the year-ago quarter. The figure surpassed the Zacks Consensus Estimate of $4.49.

Revenues of $2,198 million increased 84.2% year over year and beat the Zacks Consensus Estimate of $1,903.7 million.

 

Segment Review

Net sales in the Engineered Materials unit were $682 million in the second quarter, up 62.4% year over year. The segment witnessed record net sales in the quarter on the back of pricing increase. The uptick was driven by pricing initiatives in the wake of raw-material inflation and improved mix. Volumes were stable compared with the last quarter and the business offset a sequential decline in global auto builds amid semiconductor supply shortages.

The Acetyl Chain segment posted net sales of $1,409 million, up 112.8% year over year. The segment witnessed sequential increase in prices and volume. Pricing increased 27% sequentially primarily due to higher acetic acid pricing in China amid tightened industry utilization. Volume rose 7% sequentially driven by availability of incremental Acetyl Chain production capacity and strong demand across most end-markets and regions.

Net sales in the Acetate Tow segment were $138 million, up 8.7% year over year. The company witnessed stable pricing and sequential volume increase in the segment. The upside can be attributed to timing of customer orders, which were delayed in the prior quarter due to winter storm Uri.

Financials

Celanese ended the quarter with cash and cash equivalents of $1,054 million, up 95.5% year over year. Long-term debt rose 5.6% year over year to $3,156 million.

Celanese generated operating cash flow of $427 million and free cash flow of $309 million in the second quarter. Capital expenditures amounted to $110 million.

The company also returned $326 million to shareholders through dividend payouts and share repurchases during the second quarter.

Outlook

Celanese stated that it is investing in future growth through organic opportunities within its businesses, disciplined M&A like the Santoprene buyout, and share buybacks. It forecasts that continued moderation in the Acetyl Chain industry pricing as the year progresses will be partly offset by strong demand fundamentals across its businesses and modest continued sequential earnings momentum in Engineered Materials.

The company expects third-quarter adjusted earnings in the range of of $4.5-$4.75 per share and full-year adjusted earnings of $16.50-$17 per share.

Price Performance

Celanese’s shares have gained 61% in the past year against 18.5% decline of the industry.

Zacks Investment Research
Image Source: Zacks Investment Research

Zacks Rank & Other Key Picks

Celanese currently carries a Zacks Rank #2 (Buy).

Some other top-ranked stocks in the basic materials space are Nucor Corporation (NUE Free Report) , Dow Inc. (DOW Free Report) and Cabot Corporation (CBT Free Report) .

Nucor has a projected earnings growth rate of around 447.6% for the current year. The company’s shares have surged 119% in a year. It currently flaunts a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Dow has an expected earnings growth rate of around 359.6% for the current year. The company’s shares have gained 42% in the past year. It currently sports a Zacks Rank #1.

Cabot has an expected earnings growth rate of around 137.5% for the current fiscal. The company’s shares have surged 35.4% in the past year. It currently flaunts a Zacks Rank #1.

CE – Celanese (CE) Q2 Earnings and Revenues Top Estimates

Celanese (CE Free Report) came out with quarterly earnings of $5.02 per share, beating the Zacks Consensus Estimate of $4.49 per share. This compares to earnings of $1.30 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 11.80%. A quarter ago, it was expected that this chemical company would post earnings of $3.01 per share when it actually produced earnings of $3.46, delivering a surprise of 14.95%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

Celanese, which belongs to the Zacks Chemical – Specialty industry, posted revenues of $2.2 billion for the quarter ended June 2021, surpassing the Zacks Consensus Estimate by 15.46%. This compares to year-ago revenues of $1.19 billion. The company has topped consensus revenue estimates four times over the last four quarters.

The sustainability of the stock’s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management’s commentary on the earnings call.

Celanese shares have added about 16.6% since the beginning of the year versus the S&P 500’s gain of 16%.

What’s Next for Celanese?

While Celanese has outperformed the market so far this year, the question that comes to investors’ minds is: what’s next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company’s earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Celanese was favorable. While the magnitude and direction of estimate revisions could change following the company’s just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $3.27 on $1.72 billion in revenues for the coming quarter and $13.59 on $7.12 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Chemical – Specialty is currently in the top 44% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

CE – Celanese: Q2 Earnings Insights

Shares of Celanese (NYSE:CE) moved higher in after-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share increased 286.15% over the past year to $5.02, which beat the estimate of $4.25.

Revenue of $2,198,000,000 higher by 84.24% year over year, which beat the estimate of $1,920,000,000.

Guidance

Q3 EPS expected to be between $4.50 and $4.75.

Revenue guidance hasn’t been issued by the company for now.

Price Action

Company’s 52-week high was at $171.00

52-week low: $92.11

Price action over last quarter: down 0.19%

Company Overview

Celanese is one of the world’s largest producers of acetic acid and its downstream derivative chemicals, which are used in various end markets, including coatings and adhesives. The company also produces specialty polymers used in the automotive, electronics, medical, and consumer end markets as well as cellulose derivatives used in cigarette filters.

CE – Celanese to Hold First Quarter Earnings Conference Call on April 23, 2021

DALLAS–()–Celanese Corporation (NYSE: CE), a global chemical and specialty materials company, today announced that it will host a conference call to discuss its first quarter 2021 results on Friday, April 23, 2021, beginning at 10:00 a.m. Eastern time. This call will be available by webcast at https://investors.celanese.com or by phone:

Dial-in Number: 1-877-407-0989

International Dial-In Number: 1-201-389-0921

Ask for the Celanese Webcast

Alternatively, to enter the call immediately without waiting for operator assistance, attendees may pre-register for the call by clicking the link below. Once registered, attendees will receive an Outlook calendar invite with the date and time of call, the dial-in phone number and the unique attendee pin which is sent automatically to the email address provided.

Registrant Link:

http://services.incommconferencing.com/DiamondPassRegistration/register?confirmationNumber=13718410&linkSecurityString=f93d47c02

The company will distribute its first quarter earnings press release via newswire after the New York Stock Exchange closes on Thursday, April 22. The earnings press release and prepared remarks will also be available at https://investors.celanese.com after market close on Thursday, April 22.

A replay of the conference call will be available on demand on April 23, 2021, from 12:00 p.m. Eastern time until May 7, 2021, 12:00 a.m. Eastern time, at the following number:

Replay Number: 1-877-660-6853

Passcode: 13718410

The webcast replay will be available on demand at https://investors.celanese.com.

About Celanese

Celanese Corporation is a global chemical leader in the production of differentiated chemistry solutions and specialty materials used in most major industries and consumer applications. Our businesses use the full breadth of Celanese’s global chemistry, technology and commercial expertise to create value for our customers, employees, shareholders and the corporation. As we partner with our customers to solve their most critical business needs, we strive to make a positive impact on our communities and the world through The Celanese Foundation. Based in Dallas, Celanese employs approximately 7,700 employees worldwide and had 2020 net sales of $5.7 billion. For more information about Celanese Corporation and its product offerings, visit www.celanese.com.

CE – What Makes Celanese (CE) a Strong Momentum Stock: Buy Now?

Momentum investing is all about the idea of following a stock’s recent trend, which can be in either direction. In the ‘long’ context, investors will essentially be “buying high, but hoping to sell even higher.” And for investors following this methodology, taking advantage of trends in a stock’s price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.

Even though momentum is a popular stock characteristic, it can be tough to define. Debate surrounding which are the best and worst metrics to focus on is lengthy, but the Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.

Below, we take a look at Celanese (CE Free Report) , which currently has a Momentum Style Score of A. We also discuss some of the main drivers of the Momentum Style Score, like price change and earnings estimate revisions.

It’s also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Celanese currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period.

You can see the current list of Zacks #1 Rank Stocks here >>>

Set to Beat the Market?

Let’s discuss some of the components of the Momentum Style Score for CE that show why this chemical company shows promise as a solid momentum pick.

A good momentum benchmark for a stock is to look at its short-term price activity, as this can reflect both current interest and if buyers or sellers currently have the upper hand. It’s also helpful to compare a security to its industry; this can show investors the best companies in a particular area.

For CE, shares are up 3.42% over the past week while the Zacks Chemical – Specialty industry is up 0.01% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 6.81% compares favorably with the industry’s 0.51% performance as well.

While any stock can see its price increase, it takes a real winner to consistently beat the market. That is why looking at longer term price metrics — such as performance over the past three months or year — can be useful as well. Shares of Celanese have increased 20.88% over the past quarter, and have gained 105.43% in the last year. On the other hand, the S&P 500 has only moved 6.91% and 58.49%, respectively.

Investors should also take note of CE’s average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. Right now, CE is averaging 867,777 shares for the last 20 days.

Earnings Outlook

The Zacks Momentum Style Score encompasses many things, including estimate revisions and a stock’s price movement. Investors should note that earnings estimates are also significant to the Zacks Rank, and a nice path here can be promising. We have recently been noticing this with CE.

Over the past two months, 9 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost CE’s consensus estimate, increasing from $9.49 to $11.16 in the past 60 days. Looking at the next fiscal year, 6 estimates have moved upwards while there have been no downward revisions in the same time period.

Bottom Line

Given these factors, it shouldn’t be surprising that CE is a #2 (Buy) stock and boasts a Momentum Score of A. If you’re looking for a fresh pick that’s set to soar in the near-term, make sure to keep Celanese on your short list.

CE – Celanese (CE) Ups FY21 Earnings Outlook, Expects Higher Demand

Celanese Corporation (CE Free Report) increased its full-year 2021 outlook for adjusted earnings to $11.00-$11.50 per share. The midpoint of the latest guidance range reflects a 15% increase from the earlier range of $9.50-$10.00.

Celanese noted that its Texas and gulf coast operations were impacted by the winter storm Uri, yet its Clear Lake, Bishop and Bay City sites are operational with most units manufacturing at pre-storm levels.

The company also expects adjusted earnings of roughly $3 per share for the first quarter. It expects this momentum to continue in the middle of 2021 as increased demand for Acetyl Chain and Engineered Materials products is met. Celanese is uniquely positioned to reliably supply markets, which it projects will remain tight in mid-year post the winter storm, the company noted.

Shares of Celanese have surged 109.9% in the past year compared with 62.1% rise of the industry.

Celanese is gaining from its productivity actions, investments in high-return organic projects and strategic acquisitions. It is committed toward executing its productivity programs that include the implementation of a number of cost-reduction capital projects. The company achieved gross savings of $214 million from its productivity actions in 2020. Productivity actions are also expected to support to its margins in 2021.

The company is also seeing a recovery in demand across its end markets. Moreover, Celanese continues to actively pursue acquisitions, which are providing it opportunities for additional growth, investment and synergies.

Zacks Rank & Key Picks

Celanese currently carries a Zacks Rank #3 (Hold).

Some better-ranked stocks in the basic materials space are Fortescue Metals Group Limited (FSUGY Free Report) , Ashland Global Holdings Inc. (ASH Free Report) and Impala Platinum Holdings Limited (IMPUY Free Report) .

Fortescue has a projected earnings growth rate of 107.8% for the current fiscal. The company’s shares have surged 149.2% in a year. It currently flaunts a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank  stocks here.

Ashland has an expected earnings growth rate of 83.9% for the current fiscal. The company’s shares have gained 75.7% in the past year. It currently sports a Zacks Rank #1.

Impala has an expected earnings growth rate of 197.6% for the current fiscal. The company’s shares have skyrocketed 315.5% in the past year. It currently flaunts a Zacks Rank #1.

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CE – Celanese Extends and Enhances Key Carbon Monoxide Feedstock Contract for Singapore Acetyls Site

DALLAS & SINGAPORE–(BUSINESS WIRE)–Celanese Corporation (NYSE: CE), a global chemical and specialty materials company, today announced its Singapore subsidiary, Celanese Singapore Pte. Ltd., has recently extended its long-term contract with Linde Gas Singapore Pte. Ltd. for the supply of carbon monoxide to its Singapore acetyls chemical facility located on Jurong Island, Singapore. Financial details of the contract were not disclosed.

Linde operates large integrated gasification facilities in Singapore to produce gases including hydrogen and carbon monoxide. Celanese began its acetic acid operations in Singapore in 2000 and has been supplied by Linde since 2004.

Carbon monoxide is a key feedstock in the production of acetic acid. The extended contract will provide Celanese’s Singapore facility with an ongoing, reliable and strategically advantaged supply of carbon monoxide for its 600 kiloton acetic acid plant and acetyls production processes.

“Linde has been a valued partner for Celanese as our carbon monoxide supplier to the Singapore site, and this extension will continue to provide the site with a flexible and reliable supply of carbon monoxide supporting our acetyl chain business,” said John Fotheringham, Senior Vice President, Acetyls. “Our close cooperation with Linde has enabled Celanese to enhance our operational flexibility in support of our long-term strategy based upon low cost, flexible production designed to meet our customers’ needs in all regions of the world.”

“Linde is proud to strengthen our longstanding relationship with Celanese, a key global customer, while putting our Singapore business in an even stronger position for the future,” remarked Binod Patwari, Head of ASEAN, Linde. “This reflects our commitment to the region and, in particular, to our business and customers in Singapore. We look forward to continue working closely with Celanese to meet their supply needs safely and reliably.”

With manufacturing and distribution in all regions, Celanese is a leading, global producer of acetic acid, which is a basic chemical used in paints and coatings, adhesives, food packaging and construction materials. The Celanese Singapore facility produces acetyl intermediate products including acetic acid, butyl acetate, ethyl acetate, VAE emulsions and VAM, among other chemical products.

About Linde plc

Linde is a leading global industrial gases and engineering company with 2020 sales of $27 billion (€24 billion). We live our mission of making our world more productive every day by providing high-quality solutions, technologies and services which are making our customers more successful and helping to sustain and protect our planet.

The company serves a variety of end markets including chemicals & refining, food & beverage, electronics, healthcare, manufacturing and primary metals. Linde’s industrial gases are used in countless applications, from life-saving oxygen for hospitals to high-purity & specialty gases for electronics manufacturing, hydrogen for clean fuels and much more. Linde also delivers state-of-the-art gas processing solutions to support customer expansion, efficiency improvements and emissions reductions.

For more information about the company and its products and services, please visit www.linde.com.

About Celanese

Celanese Corporation is a global chemical leader in the production of differentiated chemistry solutions and specialty materials used in most major industries and consumer applications. Our businesses use the full breadth of Celanese’s global chemistry, technology and commercial expertise to create value for our customers, employees, shareholders and the corporation. As we partner with our customers to solve their most critical business needs, we strive to make a positive impact on our communities and the world through The Celanese Foundation. Based in Dallas, Celanese employs approximately 7,700 employees worldwide and had 2020 net sales of $5.7 billion. For more information about Celanese Corporation and its product offerings, visit www.celanese.com.

Forward-Looking Statements: This release may contain “forward-looking statements,” which include information concerning the company’s plans, objectives, goals, strategies, future revenues or performance, capital expenditures and other information that is not historical information. When used in this release, the words “outlook,” “forecast,” “estimates,” “expects,” “anticipates,” “projects,” “plans,” “intends,” “believes,” and variations of such words or similar expressions are intended to identify forward-looking statements. All forward-looking statements are based upon current expectations and beliefs and various assumptions. There can be no assurance that the Company or its customers will realize these benefits or that these expectations will prove correct. There are a number of risks and uncertainties, many of which are beyond the Company’s control, that could cause actual results to differ materially from the forward-looking statements contained in this release. Risk factors include those that are discussed in the Company’s filings with the Securities and Exchange Commission. Any forward-looking statement speaks only as of the date on which it is made, and the Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date on which it is made or to reflect the occurrence of anticipated or unanticipated events or circumstances.

CE – Celanese Announces Engineered Materials Price Increases

DALLAS, AMSTERDAM and SHANGHAI–(BUSINESS WIRE)–Celanese Corporation (NYSE: CE), a global chemical and specialty materials company, today announced price increases on its portfolio of engineered materials in response to strengthening demand for its products and increased transportation, energy and raw material prices. The price increases below will be effective for orders shipped on or after February 1, 2021, or as contracts otherwise allow.

Product

Global

GUR

$0.25 kg

PA 66

$0.30 kg

PA 6

$0.20 kg

PBT

$0.20 kg

Technical TPE

$0.15 kg

PP, LFT & Amorphous

$0.30 kg

POM

$0.20 kg

Individual grades may be subject to higher increases than specified above.

Celanese is a leading supplier of engineered materials and the only supplier with global production facilities providing local supply to all regions of the world. Celanese continues to support its customers globally with a growing specialty portfolio of engineering polymers and functionalized grades. The company is committed to enhancing its specialty product offerings and capabilities through ongoing investments in compounding assets, technologies, and product and application expertise.

Customers should contact their Celanese account manager for more information.

About Celanese

Celanese Corporation is a global chemical leader in the production of differentiated chemistry solutions and specialty materials used in most major industries and consumer applications. Our businesses use the full breadth of Celanese’s global chemistry, technology and commercial expertise to create value for our customers, employees, shareholders and the corporation. As we partner with our customers to solve their most critical business needs, we strive to make a positive impact on our communities and the world through The Celanese Foundation. Based in Dallas, Celanese employs approximately 7,700 employees worldwide and had 2019 net sales of $6.3 billion. For more information about Celanese Corporation and its product offerings, visit www.celanese.com or our blog at www.celaneseblog.com.

CE – Celanese's (CE) Stock Rallies 40% in 6 Months: Here's Why

Shares of Celanese Corporation (CE Free Report) have surged 40.1% in the past six months. The company has also outperformed the industry’s decline of 15.3% over the same time frame. The stock also topped the S&P 500’s 18% rise over the same period.

Celanese, carrying a Zacks Rank #2 (Buy), has a market cap of roughly $15.2 billion. Average volume of shares traded in the last three months is around 655.2K.

Let’s take a look into the factors that are driving the stock’s price performance.

What’s Aiding the Stock?

Celanese is gaining from its productivity actions, investments in high-return organic projects and strategic acquisitions. It is committed toward executing its productivity programs that include the implementation of a number of cost reduction capital projects. The company expects to achieve gross savings of $200 million from its productivity actions in 2020. Notably, the company already attained $166 million of this productivity target. Productivity actions are expected to support to its margins in 2020.

The company is also seeing a recovery in demand across its end markets. In October, Celanese stated that global demand during the third quarter progressed toward recovery across most of its end markets. It expects the momentum witnessed in the third quarter to continue in the fourth quarter. The company is focused on controllable actions to drive strong growth next year amid uncertainties.

Moreover, Celanese continues to actively pursue acquisitions, which are providing it opportunities for additional growth, investment and synergies. The acquisitions of SO.F.TER., Nilit and Omni Plastics are expected to contribute to earnings expansion in the company’s Engineered Materials segment. The Elotex acquisition also strengthened the company’s position in the vinyl acetate ethylene emulsions space. The buyout is expected to contribute to volumes in the Acetyl Chain segment this year.

Last Month, Celanese signed a Memorandum of Understanding with Mitsubishi Gas to restructure Korea Engineering Plastics Co. (KEP). Celanese and Mitsubishi Gas are focused toward increasing KEP’s production capacity enhancing the long-term security of supply to its consumers as well as support growth. The rise in volumes is expected to reflect in a series of steps in the years to come.

 

Other Stocks to Consider

Some other top-ranked stocks in the basic materials space include Fortescue Metals Group Limited (FSUGY Free Report) , BHP Group (BHP Free Report) and Impala Platinum Holdings Limited (IMPUY Free Report) .

Fortescue has a projected earnings growth rate of 53.6% for the current fiscal. The company’s shares have surged 152.8% in a year. It currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

BHP has an expected earnings growth rate of 43.3% for the current fiscal. The company’s shares have gained around 23.6% in the past year. It currently flaunts a Zacks Rank #1.

Impala has an expected earnings growth rate of 131.7% for the current fiscal. The company’s shares have surged around 43% in the past year. It currently sports a Zacks Rank #1.

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CE – Why Is Celanese (CE) Up 16.4% Since Last Earnings Report?

It has been about a month since the last earnings report for Celanese (CE Free Report) . Shares have added about 16.4% in that time frame, outperforming the S&P 500.

Will the recent positive trend continue leading up to its next earnings release, or is Celanese due for a pullback? Before we dive into how investors and analysts have reacted as of late, let’s take a quick look at the most recent earnings report in order to get a better handle on the important catalysts.

Celanese’s Earnings and Sales Surpass Estimates in Q3

Celanese logged earnings from continuing operations of $1.76 per share in third-quarter 2020, down from $2.17 in the year-ago quarter.

Barring one-time items, adjusted earnings were $1.95 per share, down from $2.53 in the year-ago quarter. However, the figure surpassed the Zacks Consensus Estimate of $1.69.

Revenues of $1,411 million fell 11% year over year, but beat the Zacks Consensus Estimate of $1,360.7 million.

Segment Review

Net sales in the Engineered Materials unit were $526 million in the quarter, down 11% year over year. The segment witnessed sequentially higher volumes on the back of strong demand recovery for durable goods across all regions.

The Acetyl Chain segment posted net sales of $776 million, down 10.5% year over year. Per the company, pricing for VAM and acetic acid remained depressed in the quarter as the benefits of demand recovery on industry utilization was largely offset by considerably improved industry supply.

Net sales in the Acetate Tow segment were $129 million, down 18.4% year over year.

Financials

Celanese ended the quarter with cash and cash equivalents of $615 million, up 23.7% year over year. Long-term debt fell 6.5% year over year to $3,140 million.

Celanese generated operating cash flow of $431 million and free cash flow of $351 million in the quarter. Capital expenditures amounted to $72 million in the quarter.

Outlook

Celanese stated that the global demand during the third quarter progressed toward recovery across most of its end markets. The company is assessing the impact of the resurgence of COVID-19 across various regions on its businesses. It expects the momentum witnessed in the third quarter to continue in the fourth quarter, which is expected to partly offset various headwinds including a major turnaround at its Frankfurt POM facility and normal seasonality in December.

For 2020, the company expects adjusted earnings of around $7-$7.10 per share. Celanese is focused on controllable actions to drive strong growth next year amid uncertainties. This includes production planning, productivity and disciplined capital deployment.
 

How Have Estimates Been Moving Since Then?

It turns out, estimates review have trended downward during the past month. The consensus estimate has shifted -6.43% due to these changes.

VGM Scores

Currently, Celanese has an average Growth Score of C, though it is lagging a bit on the Momentum Score front with a D. Charting a somewhat similar path, the stock was allocated a grade of C on the value side, putting it in the middle 20% for this investment strategy.

Overall, the stock has an aggregate VGM Score of C. If you aren’t focused on one strategy, this score is the one you should be interested in.

Outlook

Estimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Notably, Celanese has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.

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