Equities research analysts expect LyondellBasell Industries NV (NYSE:LYB) to post sales of $8.45 billion for the current fiscal quarter, according to Zacks. Three analysts have made estimates for LyondellBasell Industries’ earnings, with the lowest sales estimate coming in at $8.07 billion and the highest estimate coming in at $8.64 billion. LyondellBasell Industries posted sales of $8.88 billion during the same quarter last year, which would indicate a negative year-over-year growth rate of 4.8%. The business is expected to report its next quarterly earnings report on Friday, February 7th.

According to Zacks, analysts expect that LyondellBasell Industries will report full year sales of $34.97 billion for the current year, with estimates ranging from $34.36 billion to $35.50 billion. For the next fiscal year, analysts expect that the company will report sales of $35.55 billion, with estimates ranging from $33.63 billion to $38.36 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that that provide coverage for LyondellBasell Industries.

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

LYB has been the subject of several recent analyst reports. Nomura reduced their target price on shares of LyondellBasell Industries from $91.00 to $85.00 and set a “neutral” rating for the company in a research note on Wednesday, September 18th. Morgan Stanley initiated coverage on shares of LyondellBasell Industries in a research note on Monday, December 2nd. They issued an “overweight” rating and a $110.00 target price for the company. Bank of America upped their target price on shares of LyondellBasell Industries from $89.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. JPMorgan Chase & Co. upped their target price on shares of LyondellBasell Industries from $69.00 to $84.00 and gave the stock an “underweight” rating in a research note on Monday, November 18th. Finally, UBS Group upped their target price on shares of LyondellBasell Industries from $87.00 to $93.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, seven have given a buy rating and two have given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $95.94.

LYB traded down $1.35 during trading on Friday, hitting $92.62. 1,335,016 shares of the company’s stock were exchanged, compared to its average volume of 2,668,842. The company has a quick ratio of 0.70, a current ratio of 1.30 and a debt-to-equity ratio of 1.38. The business’s 50 day moving average is $93.54 and its two-hundred day moving average is $85.24. LyondellBasell Industries has a fifty-two week low of $68.61 and a fifty-two week high of $98.91. The stock has a market cap of $30.40 billion, a P/E ratio of 8.22, a PEG ratio of 1.09 and a beta of 1.40.

The business also recently declared a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, December 2nd were given a dividend of $1.05 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $4.20 annualized dividend and a yield of 4.53%. This is a positive change from LyondellBasell Industries’s previous quarterly dividend of $0.78. LyondellBasell Industries’s dividend payout ratio is presently 37.27%.

In related news, SVP Massimo Covezzi sold 11,762 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $96.79, for a total transaction of $1,138,443.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.14% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Phocas Financial Corp. bought a new position in LyondellBasell Industries during the second quarter worth about $78,000. Coastal Investment Advisors Inc. boosted its position in LyondellBasell Industries by 58.0% during the second quarter. Coastal Investment Advisors Inc. now owns 4,041 shares of the specialty chemicals company’s stock worth $349,000 after purchasing an additional 1,483 shares during the period. Barnett & Company Inc. bought a new position in LyondellBasell Industries during the second quarter worth about $43,000. Girard Partners LTD. boosted its position in LyondellBasell Industries by 159.3% during the third quarter. Girard Partners LTD. now owns 12,425 shares of the specialty chemicals company’s stock worth $1,111,000 after purchasing an additional 7,634 shares during the period. Finally, Enterprise Financial Services Corp boosted its position in LyondellBasell Industries by 47.1% during the second quarter. Enterprise Financial Services Corp now owns 428 shares of the specialty chemicals company’s stock worth $37,000 after purchasing an additional 137 shares during the period. Institutional investors own 66.67% of the company’s stock.

LyondellBasell Industries Company Profile

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

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