Zacks: Analysts Expect LyondellBasell Industries (NYSE:LYB) Will Post Earnings of $3.63 Per Share

Wall Street brokerages expect LyondellBasell Industries (NYSE:LYBGet Rating) to announce earnings of $3.63 per share for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for LyondellBasell Industries’ earnings, with the lowest EPS estimate coming in at $3.27 and the highest estimate coming in at $4.25. LyondellBasell Industries reported earnings per share of $3.18 during the same quarter last year, which indicates a positive year over year growth rate of 14.2%. The company is expected to announce its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that LyondellBasell Industries will report full year earnings of $15.92 per share for the current fiscal year, with EPS estimates ranging from $14.37 to $17.88. For the next year, analysts anticipate that the business will report earnings of $16.01 per share, with EPS estimates ranging from $13.22 to $18.84. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that cover LyondellBasell Industries.

LyondellBasell Industries (NYSE:LYBGet Rating) last announced its earnings results on Friday, January 28th. The specialty chemicals company reported $3.63 EPS for the quarter, missing analysts’ consensus estimates of $3.85 by ($0.22). The business had revenue of $12.83 billion during the quarter, compared to analyst estimates of $12.18 billion. LyondellBasell Industries had a net margin of 12.16% and a return on equity of 56.72%. The business’s revenue was up 61.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.19 earnings per share.

LYB has been the topic of several research analyst reports. Bank of America cut LyondellBasell Industries from a “neutral” rating to an “underperform” rating and raised their price objective for the stock from $107.00 to $108.00 in a research note on Tuesday, March 22nd. Zacks Investment Research downgraded LyondellBasell Industries from a “hold” rating to a “sell” rating and set a $105.00 price objective on the stock. in a research note on Thursday, February 3rd. Atlantic Securities downgraded LyondellBasell Industries from an “overweight” rating to a “neutral” rating and set a $113.00 price objective on the stock. in a research note on Tuesday, January 18th. UBS Group cut their price objective on LyondellBasell Industries from $96.00 to $90.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 4th. Finally, The Goldman Sachs Group lifted their price target on LyondellBasell Industries from $101.00 to $121.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 18th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $107.53.

NYSE LYB opened at $107.58 on Wednesday. The company has a 50-day moving average of $101.52 and a 200-day moving average of $96.75. The company has a market cap of $35.24 billion, a P/E ratio of 6.43, a P/E/G ratio of 0.84 and a beta of 1.40. LyondellBasell Industries has a 12 month low of $84.17 and a 12 month high of $118.01. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.69 and a quick ratio of 1.01.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 14th. Shareholders of record on Monday, March 7th were paid a $1.13 dividend. The ex-dividend date was Friday, March 4th. This represents a $4.52 annualized dividend and a yield of 4.20%. LyondellBasell Industries’s dividend payout ratio is 27.00%.

Several hedge funds and other institutional investors have recently made changes to their positions in LYB. Wellington Management Group LLP increased its stake in LyondellBasell Industries by 164.1% during the 3rd quarter. Wellington Management Group LLP now owns 8,182,031 shares of the specialty chemicals company’s stock worth $767,884,000 after acquiring an additional 5,083,693 shares during the period. Norges Bank bought a new position in LyondellBasell Industries during the 4th quarter worth $223,744,000. Deutsche Bank AG boosted its holdings in shares of LyondellBasell Industries by 169.4% in the 3rd quarter. Deutsche Bank AG now owns 3,217,925 shares of the specialty chemicals company’s stock valued at $302,001,000 after purchasing an additional 2,023,400 shares in the last quarter. Marathon Asset Mgmt Ltd acquired a new stake in shares of LyondellBasell Industries in the 4th quarter valued at $85,807,000. Finally, Renaissance Technologies LLC boosted its holdings in shares of LyondellBasell Industries by 162.8% in the 4th quarter. Renaissance Technologies LLC now owns 1,270,800 shares of the specialty chemicals company’s stock valued at $117,206,000 after purchasing an additional 787,300 shares in the last quarter. Institutional investors own 69.39% of the company’s stock.

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

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