LyondellBasell Industries NV Forecasted to Earn Q4 2017 Earnings of $2.38 Per Share (LYB)

LyondellBasell Industries NV (NYSE:LYB) – Analysts at Jefferies Group lowered their Q4 2017 earnings per share (EPS) estimates for shares of LyondellBasell Industries NV in a note issued to investors on Wednesday. Jefferies Group analyst L. Alexander now anticipates that the specialty chemicals company will earn $2.38 per share for the quarter, down from their previous estimate of $2.98. Jefferies Group has a “Hold” rating and a $88.00 price target on the stock. Jefferies Group also issued estimates for LyondellBasell Industries NV’s FY2018 earnings at $9.00 EPS and FY2019 earnings at $8.45 EPS.

LyondellBasell Industries NV (NYSE:LYB) last issued its quarterly earnings data on Friday, April 28th. The specialty chemicals company reported $2.00 EPS for the quarter, missing the consensus estimate of $2.36 by $0.36. The firm had revenue of $8.43 billion for the quarter, compared to analysts’ expectations of $7.59 billion. LyondellBasell Industries NV had a net margin of 11.67% and a return on equity of 60.80%. LyondellBasell Industries NV’s revenue was up 25.0% on a year-over-year basis. During the same period in the prior year, the firm posted $2.48 EPS. TRADEMARK VIOLATION WARNING: “LyondellBasell Industries NV Forecasted to Earn Q4 2017 Earnings of $2.38 Per Share (LYB)” was posted by BBNS and is owned by of BBNS. If you are reading this news story on another website, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright law. The legal version of this news story can be read at https://baseballnewssource.com/markets/lyondellbasell-industries-nv-forecasted-to-earn-q4-2017-earnings-of-2-38-per-share-lyb-updated-updated-updated/1197111.html.

A number of other research analysts have also weighed in on LYB. Vertical Research raised shares of LyondellBasell Industries NV from a “hold” rating to a “buy” rating and set a $93.00 target price for the company in a report on Tuesday, May 9th. HSBC Holdings plc initiated coverage on shares of LyondellBasell Industries NV in a report on Monday, June 26th. They issued a “buy” rating and a $101.00 target price for the company. Royal Bank Of Canada reissued a “hold” rating and issued a $92.00 target price on shares of LyondellBasell Industries NV in a report on Friday. BidaskClub raised shares of LyondellBasell Industries NV from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 28th. Finally, Bank of America Corporation lowered shares of LyondellBasell Industries NV from a “buy” rating to an “underperform” rating and cut their target price for the company from $98.00 to $70.00 in a report on Monday, May 8th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the company. LyondellBasell Industries NV has a consensus rating of “Hold” and a consensus target price of $93.06.

Shares of LyondellBasell Industries NV (NYSE LYB) traded up 0.61% during trading on Friday, reaching $86.00. 683,570 shares of the company traded hands. The company has a market capitalization of $34.64 billion, a P/E ratio of 9.84 and a beta of 1.05. The company’s 50-day moving average price is $80.93 and its 200-day moving average price is $87.21. LyondellBasell Industries NV has a 52 week low of $71.55 and a 52 week high of $97.64.

A number of institutional investors have recently made changes to their positions in the company. Mn Services Vermogensbeheer B.V. increased its position in shares of LyondellBasell Industries NV by 514.6% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 56,777 shares of the specialty chemicals company’s stock worth $4,791,000 after buying an additional 47,539 shares in the last quarter. Meeder Asset Management Inc. increased its position in shares of LyondellBasell Industries NV by 8.2% in the second quarter. Meeder Asset Management Inc. now owns 73,687 shares of the specialty chemicals company’s stock worth $6,218,000 after buying an additional 5,599 shares in the last quarter. Franklin Street Advisors Inc. NC increased its position in shares of LyondellBasell Industries NV by 8.7% in the second quarter. Franklin Street Advisors Inc. NC now owns 75,831 shares of the specialty chemicals company’s stock worth $6,399,000 after buying an additional 6,089 shares in the last quarter. Beutel Goodman & Co Ltd. purchased a new position in shares of LyondellBasell Industries NV during the second quarter worth approximately $102,907,000. Finally, Arvest Bank Trust Division increased its position in shares of LyondellBasell Industries NV by 1.4% in the second quarter. Arvest Bank Trust Division now owns 62,217 shares of the specialty chemicals company’s stock worth $5,251,000 after buying an additional 874 shares in the last quarter. Institutional investors and hedge funds own 73.01% of the company’s stock.

LyondellBasell Industries NV 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.

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

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