Brokerages Expect LyondellBasell Industries NV (NYSE:LYB) Will Post Earnings of $2.36 Per Share

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Wall Street analysts expect LyondellBasell Industries NV (NYSE:LYB) to announce $2.36 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for LyondellBasell Industries’ earnings, with the lowest EPS estimate coming in at $2.15 and the highest estimate coming in at $2.87. LyondellBasell Industries posted earnings per share of $1.83 during the same quarter last year, which indicates a positive year over year growth rate of 29%. The firm is expected to issue its next earnings results on Friday, February 7th.

On average, analysts expect that LyondellBasell Industries will report full year earnings of $9.96 per share for the current year, with EPS estimates ranging from $9.83 to $10.03. For the next financial year, analysts anticipate that the company will post earnings of $11.79 per share, with EPS estimates ranging from $10.68 to $14.05. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that cover LyondellBasell Industries.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings data on Friday, November 1st. The specialty chemicals company reported $2.70 EPS for the quarter, missing the consensus estimate of $2.78 by ($0.08). The firm had revenue of $8.72 billion for the quarter, compared to analyst estimates of $8.98 billion. LyondellBasell Industries had a net margin of 9.80% and a return on equity of 35.56%.

Several analysts recently weighed in on the company. Zacks Investment Research downgraded LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $77.00 price objective for the company. in a research report on Tuesday, August 13th. Cowen lifted their target price on LyondellBasell Industries from $85.00 to $90.00 and gave the company a “market perform” rating in a research report on Thursday, September 26th. UBS Group boosted their target price on LyondellBasell Industries from $87.00 to $93.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 2nd. Goldman Sachs Group raised shares of LyondellBasell Industries from a “buy” rating to a “conviction-buy” rating and dropped their target price for the stock from $121.00 to $96.00 in a report on Monday, November 18th. Finally, Wells Fargo & Co began coverage on shares of LyondellBasell Industries in a research note on Tuesday, October 15th. They issued an “outperform” rating and a $105.00 price target on the stock. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. LyondellBasell Industries has a consensus rating of “Buy” and an average target price of $95.94.

Shares of LYB opened at $92.90 on Friday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.70 and a current ratio of 1.30. LyondellBasell Industries has a 52-week low of $68.61 and a 52-week high of $98.91. The firm has a market cap of $30.97 billion, a price-to-earnings ratio of 8.24, a PEG ratio of 1.11 and a beta of 1.40. The business’s fifty day moving average is $92.81 and its 200-day moving average is $84.80.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 9th. Shareholders of record on Monday, December 2nd will be issued a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 4.52%. The ex-dividend date of this dividend is Friday, November 29th. This is a boost from LyondellBasell Industries’s previous quarterly dividend of $0.78. LyondellBasell Industries’s dividend payout ratio is presently 37.27%.

In other news, SVP Massimo Covezzi sold 11,762 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $96.79, for a total value of $1,138,443.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.14% of the stock is currently owned by company insiders.

Large investors have recently bought and sold shares of the stock. Moneta Group Investment Advisors LLC bought a new position in shares of LyondellBasell Industries during the second quarter valued at $1,396,000. Advisors Preferred LLC acquired a new position in shares of LyondellBasell Industries during the second quarter worth $25,000. Prestige Wealth Management Group LLC bought a new stake in shares of LyondellBasell Industries in the second quarter worth $26,000. Capital Investment Advisory Services LLC grew its stake in shares of LyondellBasell Industries by 211.5% in the third quarter. Capital Investment Advisory Services LLC now owns 324 shares of the specialty chemicals company’s stock worth $29,000 after purchasing an additional 220 shares during the last quarter. Finally, MUFG Americas Holdings Corp grew its stake in shares of LyondellBasell Industries by 80.8% in the second quarter. MUFG Americas Holdings Corp now owns 329 shares of the specialty chemicals company’s stock worth $28,000 after purchasing an additional 147 shares during the last quarter. Institutional investors and hedge funds own 66.67% of the company’s stock.

About LyondellBasell Industries

LyondellBasell Industries N.V. operates as a chemical company worldwide. The company operates in six segments: Olefins and Polyolefins—Americas; Olefins and Polyolefins—Europe, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; Refining; and Technology. It produces and markets olefins and co-products; polyethylene products, which consist of high density polyethylene, low density polyethylene, and linear low density polyethylene; and polypropylene (PP) products, such as PP homopolymers and copolymers.

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