Brokerages predict that LyondellBasell Industries (NYSE:LYB – Get Rating) will report sales of $12.19 billion for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for LyondellBasell Industries’ earnings. The lowest sales estimate is $10.09 billion and the highest is $13.49 billion. LyondellBasell Industries reported sales of $9.08 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 34.3%. The business is scheduled to announce its next earnings report on Monday, January 1st.
According to Zacks, analysts expect that LyondellBasell Industries will report full-year sales of $48.56 billion for the current financial year, with estimates ranging from $39.88 billion to $52.84 billion. For the next fiscal year, analysts forecast that the firm will report sales of $46.98 billion, with estimates ranging from $38.35 billion to $52.29 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover LyondellBasell Industries.
LyondellBasell Industries (NYSE:LYB – Get Rating) last announced its quarterly earnings results on Friday, January 28th. The specialty chemicals company reported $3.63 EPS for the quarter, missing the consensus estimate of $3.85 by ($0.22). The firm had revenue of $12.83 billion for the quarter, compared to analysts’ expectations of $12.18 billion. LyondellBasell Industries had a net margin of 12.16% and a return on equity of 56.72%. The business’s quarterly revenue was up 61.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.19 EPS.
Shares of LyondellBasell Industries stock opened at $107.58 on Friday. The firm has a market cap of $35.24 billion, a P/E ratio of 6.43, a P/E/G ratio of 0.81 and a beta of 1.40. The company has a current ratio of 1.69, a quick ratio of 1.01 and a debt-to-equity ratio of 0.95. LyondellBasell Industries has a 12 month low of $84.17 and a 12 month high of $118.01. The stock’s fifty day moving average price is $101.36 and its 200-day moving average price is $96.67.
The business also recently declared a quarterly dividend, which was paid on Monday, March 14th. Shareholders of record on Monday, March 7th were issued a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 4.20%. The ex-dividend date was Friday, March 4th. LyondellBasell Industries’s payout ratio is presently 27.00%.
A number of large investors have recently made changes to their positions in the business. Geneos Wealth Management Inc. lifted its holdings in LyondellBasell Industries by 5.6% in the fourth quarter. Geneos Wealth Management Inc. now owns 1,896 shares of the specialty chemicals company’s stock valued at $174,000 after acquiring an additional 100 shares during the period. WealthBridge Investment Counsel Inc. raised its stake in shares of LyondellBasell Industries by 0.4% during the 1st quarter. WealthBridge Investment Counsel Inc. now owns 25,930 shares of the specialty chemicals company’s stock worth $2,666,000 after buying an additional 100 shares during the period. Bank of The West raised its stake in shares of LyondellBasell Industries by 0.5% during the 4th quarter. Bank of The West now owns 22,052 shares of the specialty chemicals company’s stock worth $2,033,000 after buying an additional 108 shares during the period. Gilbert & Cook Inc. raised its stake in shares of LyondellBasell Industries by 3.8% during the 4th quarter. Gilbert & Cook Inc. now owns 3,113 shares of the specialty chemicals company’s stock worth $287,000 after buying an additional 113 shares during the period. Finally, Smith Group Asset Management LLC raised its stake in shares of LyondellBasell Industries by 38.2% during the 4th quarter. Smith Group Asset Management LLC now owns 416 shares of the specialty chemicals company’s stock worth $38,000 after buying an additional 115 shares during the period. 69.39% of the stock is owned by institutional investors.
About LyondellBasell Industries (Get Rating)
LyondellBasell Industries N.V. operates as a chemical company in the United States, Germany, Mexico, Italy, Poland, France, Japan, China, the Netherlands, and internationally. The company operates in six segments: Olefins and PolyolefinsÂAmericas; Olefins and PolyolefinsÂEurope, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; Refining; and Technology.
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