Analysts Expect LyondellBasell Industries (NYSE:LYB) Will Post Earnings of $2.82 Per Share

Equities analysts expect that LyondellBasell Industries (NYSE:LYB) will announce earnings per share (EPS) of $2.82 for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for LyondellBasell Industries’ earnings, with estimates ranging from $2.36 to $3.30. LyondellBasell Industries posted earnings of $1.52 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 85.5%. The firm is expected to report its next earnings report on Friday, May 7th.

According to Zacks, analysts expect that LyondellBasell Industries will report full year earnings of $11.70 per share for the current fiscal year, with EPS estimates ranging from $8.45 to $15.05. For the next year, analysts anticipate that the firm will post earnings of $10.87 per share, with EPS estimates ranging from $9.03 to $12.88. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow LyondellBasell Industries.

LyondellBasell Industries (NYSE:LYB) last released its earnings results on Thursday, January 28th. The specialty chemicals company reported $2.19 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.83. LyondellBasell Industries had a net margin of 4.23% and a return on equity of 24.09%. The business had revenue of $7.94 billion during the quarter, compared to analysts’ expectations of $7.06 billion. During the same period last year, the business earned $1.92 earnings per share. The firm’s revenue was down 3.0% on a year-over-year basis.

LYB has been the subject of a number of research analyst reports. BNP Paribas cut shares of LyondellBasell Industries from a “neutral” rating to an “underperform” rating and set a $80.00 price objective for the company. in a research report on Wednesday, January 6th. Bank of America upgraded shares of LyondellBasell Industries from a “neutral” rating to a “buy” rating and upped their price target for the company from $100.00 to $115.00 in a research note on Monday, February 22nd. Zacks Investment Research cut shares of LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $111.00 price target on the stock. in a report on Monday. Alembic Global Advisors upgraded LyondellBasell Industries from a “neutral” rating to an “overweight” rating and set a $120.00 price objective for the company in a report on Monday, March 1st. Finally, Exane BNP Paribas lowered LyondellBasell Industries from a “neutral” rating to an “underperform” rating and set a $80.00 target price on the stock. in a research note on Wednesday, January 6th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $86.68.

LYB traded down $2.45 during trading hours on Thursday, reaching $101.15. The company’s stock had a trading volume of 6,409 shares, compared to its average volume of 1,763,582. LyondellBasell Industries has a 52 week low of $44.33 and a 52 week high of $112.73. The company’s 50-day moving average is $105.10 and its 200-day moving average is $89.57. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.41 and a current ratio of 2.25. The firm has a market cap of $33.80 billion, a PE ratio of 28.85, a price-to-earnings-growth ratio of 1.58 and a beta of 1.55.

The firm also recently announced a quarterly dividend, which was paid on Monday, March 15th. Shareholders of record on Monday, March 8th were issued a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 4.15%. The ex-dividend date was Friday, March 5th. LyondellBasell Industries’s dividend payout ratio is presently 43.66%.

In related news, SVP Kimberly A. Foley sold 2,261 shares of the firm’s stock in a transaction dated Monday, February 22nd. The stock was sold at an average price of $103.50, for a total value of $234,013.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 2,562 shares of company stock valued at $263,516 in the last three months. 0.18% of the stock is owned by insiders.

A number of hedge funds have recently modified their holdings of LYB. Charter Oak Capital Management LLC bought a new position in LyondellBasell Industries in the fourth quarter valued at about $27,000. Founders Capital Management bought a new position in LyondellBasell Industries in the 4th quarter valued at approximately $30,000. TD Ameritrade Investment Management LLC acquired a new stake in LyondellBasell Industries during the 4th quarter worth approximately $32,000. Vantage Consulting Group Inc bought a new stake in LyondellBasell Industries during the 4th quarter worth approximately $33,000. Finally, Alpha DNA Investment Management LLC acquired a new position in LyondellBasell Industries in the 4th quarter valued at approximately $33,000. Institutional investors and hedge funds own 67.61% of the company’s stock.

About LyondellBasell Industries

LyondellBasell Industries NV engages in the refinery and production of plastic resins and other chemicals. It operates through the following segments: Olefins and Polyolefins-Americas; Olefins and Polyolefins-Europe, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; Refining; and Technology.

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