Wall Street analysts expect LyondellBasell Industries NV (NYSE:LYB) to post sales of $9.11 billion for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for LyondellBasell Industries’ earnings, with the highest sales estimate coming in at $9.63 billion and the lowest estimate coming in at $8.41 billion. LyondellBasell Industries posted sales of $8.40 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 8.5%. The company is scheduled to announce its next earnings report on Friday, October 26th.
According to Zacks, analysts expect that LyondellBasell Industries will report full-year sales of $37.85 billion for the current financial year, with estimates ranging from $33.80 billion to $41.29 billion. For the next financial year, analysts anticipate that the company will report sales of $38.89 billion per share, with estimates ranging from $32.39 billion to $42.51 billion. Zacks’ sales calculations 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, August 3rd. The specialty chemicals company reported $3.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.90 by $0.44. The company had revenue of $10.21 billion during the quarter, compared to analyst estimates of $9.11 billion. LyondellBasell Industries had a net margin of 15.51% and a return on equity of 53.77%.
LYB has been the subject of a number of recent analyst reports. ValuEngine lowered shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a report on Wednesday, July 4th. Zacks Investment Research raised shares of LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $123.00 price target for the company in a report on Monday, July 2nd. Jefferies Financial Group raised shares of LyondellBasell Industries from a “hold” rating to a “buy” rating in a report on Thursday, May 31st. Standpoint Research lowered shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a report on Monday, May 21st. Finally, Citigroup raised their price target on shares of LyondellBasell Industries from $122.00 to $125.00 and gave the company a “buy” rating in a report on Wednesday, August 15th. Eleven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $117.85.
A number of hedge funds have recently made changes to their positions in the business. Truvestments Capital LLC acquired a new position in LyondellBasell Industries during the 2nd quarter worth $425,000. Bank of New York Mellon Corp grew its holdings in LyondellBasell Industries by 1.5% during the 2nd 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 acquiring an additional 64,786 shares in the last quarter. Schroder Investment Management Group grew its holdings in LyondellBasell Industries by 18.2% during the 2nd quarter. Schroder Investment Management Group now owns 962,634 shares of the specialty chemicals company’s stock worth $105,264,000 after acquiring an additional 148,506 shares in the last quarter. Mount Yale Investment Advisors LLC lifted its position in shares of LyondellBasell Industries by 5.5% in the 2nd quarter. Mount Yale Investment Advisors LLC now owns 59,206 shares of the specialty chemicals company’s stock worth $6,504,000 after buying an additional 3,082 shares during the last quarter. Finally, Green Square Capital LLC lifted its position in shares of LyondellBasell Industries by 133.2% in the 2nd quarter. Green Square Capital LLC now owns 13,024 shares of the specialty chemicals company’s stock worth $1,431,000 after buying an additional 7,440 shares during the last quarter. 72.68% of the stock is owned by institutional investors.
LYB opened at $105.31 on Friday. The firm has a market cap of $41.30 billion, a P/E ratio of 9.58, a PEG ratio of 0.95 and a beta of 1.13. LyondellBasell Industries has a twelve month low of $94.00 and a twelve month high of $121.95. The company has a quick ratio of 1.51, a current ratio of 2.27 and a debt-to-equity ratio of 0.71.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 12th. Shareholders of record on Wednesday, September 5th were issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 3.80%. The ex-dividend date of this dividend was Tuesday, September 4th. LyondellBasell Industries’s dividend payout ratio is currently 39.10%.
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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