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NEW YORK (TheStreet) -- Celanese (CE) - Get Celanese Corporation Report stock closed up by 3.07% to $61.10 on heavy trading volume in Friday's trading session, after the company reported its 2015 fourth quarter financial results after yesterday's market close.

The technology and specialty materials company reported adjusted earnings of $1.25 per share, down 2% from $1.28 per share in the year-ago period.

Revenue declined by 14% year-over-year to $1.33 billion for the most recent quarter.

Analysts surveyed by Thomson Reuters had forecast earnings of $1.24 on $1.36 billion in revenue.

"Our teams did a tremendous job of managing through the considerable headwinds of currency depreciation, falling crude prices, and soft demand in Asia to deliver these strong results," CEO Mark Rohr said in a statement.

Celanese expects fiscal 2016 adjusted per-share earnings to rise between 5% and 10% to $6.32 to $6.62. Analysts project earnings of $6.34 per share, according to Barron's.

About 2.56 million shares of Celanese were traded today, well above the company's average trading volume of roughly 887,243 shares per day.

TheStreet Recommends

Separately, TheStreet Ratings team rates the stock as a "buy" with a ratings score of B.

Celanese's strengths such as its attractive valuation levels, solid stock price performance and largely solid financial position with reasonable debt levels by most measures outweigh the fact that the company has had sub par growth in net income.

You can view the full analysis from the report here: CE

TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.

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