LyondellBasell Industries NV (LYB) Expected to Announce Earnings of $2.95 Per Share

Analysts expect LyondellBasell Industries NV (NYSE:LYB) to announce earnings of $2.95 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for LyondellBasell Industries’ earnings, with the highest EPS estimate coming in at $3.05 and the lowest estimate coming in at $2.78. LyondellBasell Industries posted earnings per share of $2.82 in the same quarter last year, which indicates a positive year over year growth rate of 4.6%. The company is expected to announce its next earnings results on Friday, July 27th.

On average, analysts expect that LyondellBasell Industries will report full year earnings of $11.23 per share for the current year, with EPS estimates ranging from $10.44 to $11.72. For the next financial year, analysts forecast that the business will post earnings of $11.10 per share, with EPS estimates ranging from $10.05 to $12.50. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover LyondellBasell Industries.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings results on Friday, April 27th. The specialty chemicals company reported $3.11 EPS for the quarter, topping analysts’ consensus estimates of $2.80 by $0.31. The firm had revenue of $9.77 billion during the quarter, compared to analysts’ expectations of $9.43 billion. LyondellBasell Industries had a net margin of 14.83% and a return on equity of 53.55%. The company’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.98 earnings per share.

A number of research analysts have commented on LYB shares. MED restated a “buy” rating and set a $140.00 price target on shares of LyondellBasell Industries in a research note on Monday, May 7th. Barclays restated a “buy” rating and set a $135.00 price target on shares of LyondellBasell Industries in a research note on Sunday, May 20th. Jefferies Financial Group raised shares of LyondellBasell Industries from a “hold” rating to a “buy” rating and raised their price objective for the stock from $78.01 to $121.95 in a report on Wednesday, May 16th. ValuEngine lowered shares of LyondellBasell Industries from a “strong-buy” rating to a “buy” rating in a report on Tuesday, April 3rd. Finally, Standpoint Research reaffirmed a “hold” rating on shares of LyondellBasell Industries in a report on Friday, June 1st. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $116.56.

Shares of LyondellBasell Industries opened at $111.02 on Wednesday, according to MarketBeat Ratings. The stock has a market cap of $42.35 billion, a price-to-earnings ratio of 10.85, a price-to-earnings-growth ratio of 1.07 and a beta of 1.09. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.62 and a quick ratio of 1.70. LyondellBasell Industries has a 12 month low of $79.60 and a 12 month high of $121.95.

The business also recently declared a quarterly dividend, which was paid on Monday, June 18th. Investors of record on Monday, June 11th were issued a $1.00 dividend. The ex-dividend date of this dividend was Friday, June 8th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.60%. This is a positive change from LyondellBasell Industries’s previous quarterly dividend of $0.78. LyondellBasell Industries’s dividend payout ratio (DPR) is currently 39.10%.

Several institutional investors have recently modified their holdings of the stock. ETRADE Capital Management LLC increased its holdings in shares of LyondellBasell Industries by 11.4% in the first quarter. ETRADE Capital Management LLC now owns 4,706 shares of the specialty chemicals company’s stock valued at $497,000 after purchasing an additional 480 shares in the last quarter. Benedict Financial Advisors Inc. increased its holdings in shares of LyondellBasell Industries by 4.4% in the first quarter. Benedict Financial Advisors Inc. now owns 11,456 shares of the specialty chemicals company’s stock valued at $1,211,000 after purchasing an additional 483 shares in the last quarter. Covington Capital Management increased its holdings in shares of LyondellBasell Industries by 40.7% in the fourth quarter. Covington Capital Management now owns 1,727 shares of the specialty chemicals company’s stock valued at $191,000 after purchasing an additional 500 shares in the last quarter. MRJ Capital Inc. increased its holdings in shares of LyondellBasell Industries by 0.9% in the first quarter. MRJ Capital Inc. now owns 54,700 shares of the specialty chemicals company’s stock valued at $5,780,000 after purchasing an additional 500 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. increased its holdings in shares of LyondellBasell Industries by 1.0% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 52,777 shares of the specialty chemicals company’s stock valued at $5,577,000 after purchasing an additional 500 shares in the last quarter. 73.41% of the stock is owned by institutional investors and hedge funds.

LyondellBasell Industries Company Profile

LyondellBasell Industries N.V. is a chemical company. The Company operates in five segments: Olefins and Polyolefins-Americas (O&P-Americas), Olefins and Polyolefins-Europe, Asia, International (O&P-EAI), Intermediates and Derivatives (I&D), Refining and Technology. The O&P-Americas segment produces and markets olefins and co-products, polyethylene and polypropylene.

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Earnings History and Estimates for LyondellBasell Industries (NYSE:LYB)

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