Equities research analysts predict that LyondellBasell Industries NV (NYSE:LYB) will announce $9.48 billion in sales for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for LyondellBasell Industries’ earnings, with estimates ranging from $8.87 billion to $10.47 billion. LyondellBasell Industries posted sales of $9.14 billion during the same quarter last year, which suggests a positive year over year growth rate of 3.7%. The company is scheduled to announce its next earnings report on Friday, February 1st.

According to Zacks, analysts expect that LyondellBasell Industries will report full-year sales of $39.12 billion for the current fiscal year, with estimates ranging from $38.38 billion to $40.60 billion. For the next fiscal year, analysts forecast that the business will report sales of $39.96 billion, with estimates ranging from $36.62 billion to $42.54 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow LyondellBasell Industries.

LyondellBasell Industries (NYSE:LYB) last issued its earnings results on Tuesday, October 30th. The specialty chemicals company reported $2.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.68 by $0.28. The business had revenue of $10.16 billion for the quarter, compared to analysts’ expectations of $9.95 billion. LyondellBasell Industries had a net margin of 15.01% and a return on equity of 47.35%. The business’s revenue for the quarter was up 19.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.67 EPS.

Several research analysts have recently weighed in on LYB shares. JPMorgan Chase & Co. cut shares of LyondellBasell Industries from a “neutral” rating to an “underweight” rating and decreased their price target for the stock from $110.00 to $95.00 in a report on Wednesday, September 19th. Citigroup cut shares of LyondellBasell Industries from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $125.00 to $109.00 in a report on Monday, September 17th. Zacks Investment Research cut shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a report on Friday, August 24th. Nomura decreased their price target on shares of LyondellBasell Industries from $113.00 to $102.00 and set a “neutral” rating on the stock in a report on Wednesday, October 31st. Finally, HSBC raised shares of LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $124.00 price target on the stock in a report on Friday, November 2nd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $116.88.

In other news, major shareholder Ai Investments Holdings Llc bought 1,602,455 shares of LyondellBasell Industries stock in a transaction that occurred on Thursday, November 8th. The shares were acquired at an average price of $95.65 per share, with a total value of $153,274,820.75. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last three months, insiders purchased 4,396,236 shares of company stock worth $418,088,113. 0.09% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LYB. Raymond James Financial Services Advisors Inc. boosted its position in LyondellBasell Industries by 35.8% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 72,619 shares of the specialty chemicals company’s stock valued at $7,977,000 after buying an additional 19,125 shares during the period. Alps Advisors Inc. boosted its position in LyondellBasell Industries by 3.1% during the second quarter. Alps Advisors Inc. now owns 454,689 shares of the specialty chemicals company’s stock valued at $50,161,000 after buying an additional 13,580 shares during the period. Commonwealth Equity Services LLC boosted its position in LyondellBasell Industries by 32.0% during the second quarter. Commonwealth Equity Services LLC now owns 46,819 shares of the specialty chemicals company’s stock valued at $5,143,000 after buying an additional 11,355 shares during the period. Smith Asset Management Group LP boosted its position in LyondellBasell Industries by 2.2% during the second quarter. Smith Asset Management Group LP now owns 67,397 shares of the specialty chemicals company’s stock valued at $7,404,000 after buying an additional 1,460 shares during the period. Finally, First Trust Advisors LP boosted its position in LyondellBasell Industries by 3.0% during the second quarter. First Trust Advisors LP now owns 438,154 shares of the specialty chemicals company’s stock valued at $48,131,000 after buying an additional 12,751 shares during the period. 73.24% of the stock is currently owned by institutional investors and hedge funds.

LyondellBasell Industries stock opened at $88.23 on Friday. The firm has a market capitalization of $34.75 billion, a PE ratio of 8.62, a PEG ratio of 0.81 and a beta of 1.24. LyondellBasell Industries has a fifty-two week low of $85.60 and a fifty-two week high of $121.95. The company has a current ratio of 1.82, a quick ratio of 1.09 and a debt-to-equity ratio of 0.67.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Monday, December 10th will be paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 4.53%. The ex-dividend date is Friday, December 7th. This is a boost from LyondellBasell Industries’s previous quarterly dividend of $0.78. LyondellBasell Industries’s dividend payout ratio is currently 39.10%.

LyondellBasell Industries Company Profile

LyondellBasell Industries N.V. operates as a chemical company worldwide. The company operates in five segments: Olefins and Polyolefins—Americas; Olefins and Polyolefins—Europe, Asia, International; Intermediates and Derivatives; 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, copolymers, and compounds.

Read More: Derivative

Get a free copy of the Zacks research report on LyondellBasell Industries (LYB)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for LyondellBasell Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LyondellBasell Industries and related companies with MarketBeat.com's FREE daily email newsletter.