Wall Street analysts expect LyondellBasell Industries NV (NYSE:LYB) to announce sales of $9.90 billion for the current quarter, Zacks reports. Three analysts have issued estimates for LyondellBasell Industries’ earnings, with the highest sales estimate coming in at $10.47 billion and the lowest estimate coming in at $8.87 billion. LyondellBasell Industries reported sales of $9.14 billion during the same quarter last year, which would suggest a positive year over year growth rate of 8.3%. The company is expected to announce its next earnings results on Friday, February 1st.

According to Zacks, analysts expect that LyondellBasell Industries will report full-year sales of $39.33 billion for the current financial year, with estimates ranging from $38.38 billion to $40.60 billion. For the next financial year, analysts expect that the business will report sales of $40.72 billion, with estimates ranging from $36.62 billion to $43.28 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover LyondellBasell Industries.

LyondellBasell Industries (NYSE:LYB) last released its earnings results on Tuesday, October 30th. The specialty chemicals company reported $2.96 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.68 by $0.28. LyondellBasell Industries had a return on equity of 47.35% and a net margin of 15.01%. The firm had revenue of $10.16 billion for the quarter, compared to analysts’ expectations of $9.95 billion. During the same quarter in the previous year, the business posted $2.67 earnings per share. The business’s revenue for the quarter was up 19.2% on a year-over-year basis.

A number of research analysts have issued reports on the company. Royal Bank of Canada upgraded LyondellBasell Industries from a “sector perform” rating to an “outperform” rating and set a $130.00 target price on the stock in a research report on Tuesday. They noted that the move was a valuation call. Jefferies Financial Group reiterated a “buy” rating on shares of LyondellBasell Industries in a research report on Thursday, November 15th. Alembic Global Advisors set a $120.00 target price on LyondellBasell Industries and gave the company a “buy” rating in a research report on Monday, November 12th. HSBC upgraded LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $124.00 target price on the stock in a research report on Friday, November 2nd. Finally, BMO Capital Markets set a $101.00 price target on LyondellBasell Industries and gave the stock a “hold” rating in a report on Thursday, November 1st. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the company. LyondellBasell Industries presently has an average rating of “Hold” and an average target price of $116.88.

LyondellBasell Industries stock traded up $0.98 during midday trading on Wednesday, reaching $92.38. The company’s stock had a trading volume of 2,157,900 shares, compared to its average volume of 2,412,829. LyondellBasell Industries has a 52 week low of $85.60 and a 52 week high of $121.95. The company has a quick ratio of 1.09, a current ratio of 1.82 and a debt-to-equity ratio of 0.67. The stock has a market cap of $35.60 billion, a PE ratio of 9.03, a P/E/G ratio of 0.83 and a beta of 1.24.

In other news, major shareholder Ai Investments Holdings Llc purchased 131,870 shares of LyondellBasell Industries stock in a transaction dated Monday, November 5th. The shares were bought at an average cost of $93.10 per share, for a total transaction of $12,277,097.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last 90 days, insiders have bought 4,396,236 shares of company stock worth $418,088,113. Company insiders own 0.09% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Principal Financial Group Inc. raised its holdings in LyondellBasell Industries by 0.7% during the first quarter. Principal Financial Group Inc. now owns 505,731 shares of the specialty chemicals company’s stock worth $53,445,000 after purchasing an additional 3,539 shares in the last quarter. Howard Capital Management Inc. raised its holdings in LyondellBasell Industries by 17.9% during the second quarter. Howard Capital Management Inc. now owns 97,982 shares of the specialty chemicals company’s stock worth $10,456,000 after purchasing an additional 14,870 shares in the last quarter. Legacy Financial Advisors Inc. raised its holdings in LyondellBasell Industries by 1,670.4% during the second quarter. Legacy Financial Advisors Inc. now owns 1,257 shares of the specialty chemicals company’s stock worth $135,000 after purchasing an additional 1,186 shares in the last quarter. Fox Run Management L.L.C. purchased a new position in LyondellBasell Industries during the second quarter worth about $242,000. Finally, Assenagon Asset Management S.A. raised its holdings in LyondellBasell Industries by 102.5% during the second quarter. Assenagon Asset Management S.A. now owns 1,435,668 shares of the specialty chemicals company’s stock worth $157,708,000 after purchasing an additional 726,524 shares in the last quarter. Institutional investors and hedge funds own 72.64% of the company’s stock.

About LyondellBasell Industries

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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