$2.48 EPS Expected for LyondellBasell Industries NV (LYB) This Quarter
Equities analysts expect LyondellBasell Industries NV (NYSE:LYB) to post earnings of $2.48 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for LyondellBasell Industries NV’s earnings, with the lowest EPS estimate coming in at $2.27 and the highest estimate coming in at $2.61. LyondellBasell Industries NV posted earnings of $2.31 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 7.4%. The firm is expected to issue its next earnings report before the market opens on Friday, October 27th.
According to Zacks, analysts expect that LyondellBasell Industries NV will report full year earnings of $9.91 per share for the current financial year, with EPS estimates ranging from $9.70 to $10.03. For the next year, analysts expect that the company will post earnings of $9.12 per share, with EPS estimates ranging from $8.30 to $10.35. Zacks’ earnings per share averages are an average based on a survey of research firms that follow LyondellBasell Industries NV.
LyondellBasell Industries NV (NYSE:LYB) last issued its earnings results on Friday, July 28th. The specialty chemicals company reported $2.82 EPS for the quarter, beating the consensus estimate of $2.68 by $0.14. The business had revenue of $8.40 billion for the quarter, compared to the consensus estimate of $8.52 billion. LyondellBasell Industries NV had a return on equity of 60.87% and a net margin of 11.40%. The company’s revenue was up 14.7% compared to the same quarter last year. During the same period last year, the business posted $2.56 EPS.
Several brokerages recently commented on LYB. Jefferies Group LLC reaffirmed a “hold” rating and issued a $88.00 price objective on shares of LyondellBasell Industries NV in a research report on Friday, June 16th. UBS AG reissued a “neutral” rating and set a $85.00 target price (down previously from $94.00) on shares of LyondellBasell Industries NV in a research report on Sunday, June 25th. HSBC Holdings plc assumed coverage on shares of LyondellBasell Industries NV in a research note on Monday, June 26th. They set a “buy” rating and a $101.00 price target on the stock. Sanford C. Bernstein restated an “outperform” rating and set a $110.00 price target on shares of LyondellBasell Industries NV in a research note on Wednesday, June 28th. Finally, BidaskClub upgraded shares of LyondellBasell Industries NV from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 28th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. LyondellBasell Industries NV currently has an average rating of “Hold” and a consensus target price of $94.69.
In other LyondellBasell Industries NV news, Director Jagjeet S. Bindra sold 3,224 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $89.20, for a total value of $287,580.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.09% of the stock is currently owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in LYB. Harbour Capital Advisors LLC purchased a new position in LyondellBasell Industries NV in the first quarter valued at $107,000. Point72 Asia Hong Kong Ltd acquired a new position in shares of LyondellBasell Industries NV in the first quarter worth about $132,000. American Beacon Advisors Inc. acquired a new position in shares of LyondellBasell Industries NV in the first quarter worth about $161,000. Seven Bridges Advisors LLC boosted its stake in shares of LyondellBasell Industries NV by 32.8% during the 2nd quarter. Seven Bridges Advisors LLC now owns 1,936 shares of the specialty chemicals company’s stock worth $163,000 after acquiring an additional 478 shares in the last quarter. Finally, WESPAC Advisors SoCal LLC boosted its stake in shares of LyondellBasell Industries NV by 4.9% during the 2nd quarter. WESPAC Advisors SoCal LLC now owns 2,125 shares of the specialty chemicals company’s stock worth $179,000 after acquiring an additional 100 shares in the last quarter. Institutional investors own 73.81% of the company’s stock.
LyondellBasell Industries NV (LYB) traded down 0.79% on Friday, hitting $99.76. The stock had a trading volume of 2,535,288 shares. The firm has a market cap of $39.49 billion, a PE ratio of 11.14 and a beta of 1.04. LyondellBasell Industries NV has a 52-week low of $76.71 and a 52-week high of $100.74. The company has a 50-day moving average price of $92.81 and a 200 day moving average price of $86.85.
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 13th. Investors of record on Wednesday, September 6th were issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 3.61%. The ex-dividend date of this dividend was Friday, September 1st. LyondellBasell Industries NV’s dividend payout ratio (DPR) is 40.18%.
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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.
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