LyondellBasell Industries (NYSE:LYB – Get Rating) is set to announce its earnings results before the market opens on Friday, April 29th. Analysts expect the company to announce earnings of $3.63 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.
LyondellBasell Industries (NYSE:LYB – Get Rating) last announced its quarterly earnings results on Friday, January 28th. The specialty chemicals company reported $3.63 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $3.85 by ($0.22). LyondellBasell Industries had a net margin of 12.16% and a return on equity of 56.72%. The company had revenue of $12.83 billion during the quarter, compared to analysts’ expectations of $12.18 billion. During the same quarter in the prior year, the business posted $2.19 earnings per share. The company’s revenue was up 61.6% compared to the same quarter last year. On average, analysts expect LyondellBasell Industries to post $16 EPS for the current fiscal year and $16 EPS for the next fiscal year.
Shares of NYSE:LYB opened at $111.15 on Friday. LyondellBasell Industries has a 12-month low of $84.17 and a 12-month high of $118.01. The business’s fifty day simple moving average is $102.20 and its 200-day simple moving average is $97.17. The company has a current ratio of 1.69, a quick ratio of 1.01 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $36.41 billion, a PE ratio of 6.64, a P/E/G ratio of 0.84 and a beta of 1.40.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Forum Financial Management LP acquired a new stake in shares of LyondellBasell Industries in the fourth quarter valued at approximately $289,000. EverSource Wealth Advisors LLC acquired a new stake in shares of LyondellBasell Industries in the fourth quarter valued at approximately $34,000. NewEdge Advisors LLC increased its holdings in shares of LyondellBasell Industries by 18.9% in the fourth quarter. NewEdge Advisors LLC now owns 12,826 shares of the specialty chemicals company’s stock valued at $1,183,000 after purchasing an additional 2,038 shares during the last quarter. Kingsview Wealth Management LLC increased its holdings in shares of LyondellBasell Industries by 26.4% in the fourth quarter. Kingsview Wealth Management LLC now owns 25,349 shares of the specialty chemicals company’s stock valued at $2,338,000 after purchasing an additional 5,302 shares during the last quarter. Finally, Toroso Investments LLC increased its holdings in shares of LyondellBasell Industries by 51.9% in the fourth quarter. Toroso Investments LLC now owns 15,354 shares of the specialty chemicals company’s stock valued at $1,416,000 after purchasing an additional 5,247 shares during the last quarter. Institutional investors and hedge funds own 69.39% of the company’s stock.
Several brokerages recently issued reports on LYB. Mizuho upped their target price on LyondellBasell Industries from $122.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday. 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 report on Tuesday, January 4th. Wells Fargo & Company increased their price objective on LyondellBasell Industries from $115.00 to $120.00 and gave the company an “overweight” rating in a report on Tuesday, April 12th. BMO Capital Markets increased their price objective on LyondellBasell Industries from $95.00 to $103.00 and gave the company a “market perform” rating in a report on Tuesday, February 1st. Finally, The Goldman Sachs Group increased their price objective on LyondellBasell Industries from $101.00 to $121.00 and gave the company a “neutral” rating in a report on Tuesday, January 18th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $107.73.
LyondellBasell Industries Company Profile (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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