Analysts expect that LyondellBasell Industries NV (NYSE:LYB) will post $8.33 billion in sales for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for LyondellBasell Industries NV’s earnings. The lowest sales estimate is $8.15 billion and the highest is $8.46 billion. LyondellBasell Industries NV reported sales of $7.37 billion during the same quarter last year, which would suggest a positive year over year growth rate of 13%. The business is expected to announce its next earnings report on Tuesday, November 7th.

According to Zacks, analysts expect that LyondellBasell Industries NV will report full-year sales of $8.33 billion for the current financial year, with estimates ranging from $29.09 billion to $35.08 billion. For the next financial year, analysts expect that the company will post sales of $32.67 billion per share, with estimates ranging from $31.28 billion to $34.50 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for LyondellBasell Industries NV.

LyondellBasell Industries NV (NYSE:LYB) last announced its quarterly earnings data on Friday, July 28th. The specialty chemicals company reported $2.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.68 by $0.14. LyondellBasell Industries NV had a return on equity of 60.87% and a net margin of 11.40%. The firm had revenue of $8.40 billion for the quarter, compared to analysts’ expectations of $8.52 billion. During the same period last year, the business posted $2.56 earnings per share. The firm’s revenue for the quarter was up 14.7% on a year-over-year basis.

LYB has been the topic of several recent analyst reports. Vertical Research raised LyondellBasell Industries NV from a “hold” rating to a “buy” rating and set a $93.00 price target on the stock in a research report on Tuesday, May 9th. HSBC Holdings plc initiated coverage on LyondellBasell Industries NV in a research report on Monday, June 26th. They issued a “buy” rating and a $101.00 price target on the stock. Deutsche Bank AG reaffirmed a “buy” rating and issued a $94.00 price target (up from $90.00) on shares of LyondellBasell Industries NV in a research report on Monday, July 31st. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $92.00 price target on shares of LyondellBasell Industries NV in a research report on Friday, July 14th. Finally, BidaskClub raised LyondellBasell Industries NV from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the stock. LyondellBasell Industries NV presently has a consensus rating of “Hold” and a consensus price target of $94.81.

In other LyondellBasell Industries NV news, Director Jagjeet S. Bindra sold 3,224 shares of the business’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $89.20, for a total value of $287,580.80. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.14% of the stock is currently owned by insiders.

A number of institutional investors have recently bought and sold shares of LYB. Harbour Capital Advisors LLC acquired a new position in LyondellBasell Industries NV during the first quarter worth approximately $107,000. TrimTabs Asset Management LLC raised its position in LyondellBasell Industries NV by 89.1% in the first quarter. TrimTabs Asset Management LLC now owns 1,358 shares of the specialty chemicals company’s stock worth $124,000 after buying an additional 640 shares in the last quarter. Point72 Asia Hong Kong Ltd acquired a new position in LyondellBasell Industries NV during the first quarter worth approximately $132,000. American Beacon Advisors Inc. acquired a new position in LyondellBasell Industries NV during the first quarter worth approximately $161,000. Finally, Seven Bridges Advisors LLC raised its position in LyondellBasell Industries NV by 32.8% in the second quarter. Seven Bridges Advisors LLC now owns 1,936 shares of the specialty chemicals company’s stock worth $163,000 after buying an additional 478 shares in the last quarter. 73.27% of the stock is currently owned by institutional investors.

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LyondellBasell Industries NV (LYB) opened at 88.78 on Monday. The company’s 50-day moving average price is $84.36 and its 200 day moving average price is $86.92. LyondellBasell Industries NV has a 52 week low of $71.55 and a 52 week high of $97.64. The company has a market capitalization of $35.14 billion, a PE ratio of 9.91 and a beta of 1.06.

LyondellBasell Industries NV declared that its board has approved a share repurchase program on Wednesday, May 24th that allows the company to repurchase 1,000% of outstanding shares. This repurchase authorization allows the specialty chemicals company to buy shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its shares are undervalued.

LyondellBasell Industries NV Company Profile

LyondellBasell Industries N.V. is a chemical company. The Company operates in five segments: Olefins and Polyolefins-Americas (O&P-Americas), Olefins and Polyolefins-Europe, Asia, International (O&P-EAI), Intermediates and Derivatives (I&D), Refining and Technology. The O&P-Americas segment produces and markets olefins and co-products, polyethylene and polypropylene.

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

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