LyondellBasell Industries NV (LYB) Expected to Post Earnings of $2.73 Per Share

Analysts expect that LyondellBasell Industries NV (NYSE:LYB) will report $2.73 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for LyondellBasell Industries’ earnings. The lowest EPS estimate is $2.63 and the highest is $2.83. LyondellBasell Industries reported earnings of $2.41 per share during the same quarter last year, which would indicate a positive year over year growth rate of 13.3%. The business is expected to announce its next quarterly earnings report before the market opens on Tuesday, October 30th.

According to Zacks, analysts expect that LyondellBasell Industries will report full-year earnings of $11.71 per share for the current year, with EPS estimates ranging from $11.47 to $12.45. For the next financial year, analysts forecast that the company will post earnings of $11.44 per share, with EPS estimates ranging from $10.11 to $14.15. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for LyondellBasell Industries.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings data on Friday, August 3rd. The specialty chemicals company reported $3.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.90 by $0.44. LyondellBasell Industries had a net margin of 15.51% and a return on equity of 53.77%. The business had revenue of $10.21 billion during the quarter, compared to analyst estimates of $9.11 billion.

Several brokerages recently weighed in on LYB. Zacks Investment Research raised shares of LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $123.00 target price on the stock in a report on Monday, July 2nd. ValuEngine cut shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a report on Wednesday, July 4th. Citigroup reaffirmed a “buy” rating and issued a $122.00 target price on shares of LyondellBasell Industries in a report on Tuesday, July 10th. BMO Capital Markets raised their target price on shares of LyondellBasell Industries from $111.00 to $112.00 and gave the company a “market perform” rating in a report on Tuesday, August 7th. Finally, Cowen raised their target price on shares of LyondellBasell Industries from $110.00 to $113.00 and gave the company a “market perform” rating in a report on Friday, August 10th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $117.46.

Large investors have recently modified their holdings of the stock. Scopus Asset Management L.P. acquired a new stake in LyondellBasell Industries during the second quarter worth approximately $10,985,000. Northwest Bancshares Inc. raised its holdings in LyondellBasell Industries by 125.7% during the second quarter. Northwest Bancshares Inc. now owns 10,424 shares of the specialty chemicals company’s stock worth $1,145,000 after purchasing an additional 5,806 shares in the last quarter. Bridgewater Associates LP raised its holdings in LyondellBasell Industries by 1.9% during the second quarter. Bridgewater Associates LP now owns 98,512 shares of the specialty chemicals company’s stock worth $10,822,000 after purchasing an additional 1,866 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in LyondellBasell Industries by 1.5% during the second quarter. Bank of New York Mellon Corp now owns 4,331,592 shares of the specialty chemicals company’s stock worth $475,825,000 after purchasing an additional 64,786 shares in the last quarter. Finally, Regal Investment Advisors LLC acquired a new stake in LyondellBasell Industries during the second quarter worth approximately $236,000. 72.61% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE LYB traded down $1.43 during midday trading on Thursday, hitting $94.79. The company’s stock had a trading volume of 3,205,700 shares, compared to its average volume of 2,291,366. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.51 and a current ratio of 2.27. LyondellBasell Industries has a 1 year low of $94.21 and a 1 year high of $121.95. The firm has a market cap of $39.91 billion, a price-to-earnings ratio of 9.27, a PEG ratio of 0.92 and a beta of 1.14.

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.

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

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