Wall Street analysts expect LyondellBasell Industries NV (NYSE:LYB) to announce earnings per share (EPS) of $2.35 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for LyondellBasell Industries’ earnings. The highest EPS estimate is $2.47 and the lowest is $2.18. LyondellBasell Industries reported earnings per share of $2.73 during the same quarter last year, which indicates a negative year-over-year growth rate of 13.9%. The business is scheduled to issue its next quarterly earnings results on Friday, February 1st.

On average, analysts expect that LyondellBasell Industries will report full-year earnings of $11.81 per share for the current fiscal year, with EPS estimates ranging from $11.60 to $12.05. For the next fiscal year, analysts anticipate that the company will post earnings of $11.34 per share, with EPS estimates ranging from $10.82 to $12.75. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for LyondellBasell Industries.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings data on Tuesday, October 30th. The specialty chemicals company reported $2.96 earnings per share for the quarter, beating the Thomson Reuters’ 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 during the quarter, compared to the consensus estimate of $9.95 billion. During the same quarter in the previous year, the company posted $2.67 earnings per share. The business’s revenue was up 19.2% on a year-over-year basis.

Several analysts have weighed in on the company. Zacks Investment Research downgraded LyondellBasell Industries from a “buy” rating to a “hold” rating in a research report on Friday, August 24th. Cowen boosted their price objective on LyondellBasell Industries from $110.00 to $113.00 and gave the company a “market perform” rating in a research report on Friday, August 10th. Citigroup boosted their price objective on LyondellBasell Industries from $122.00 to $125.00 and gave the company a “buy” rating in a research report on Wednesday, August 15th. BNP Paribas assumed coverage on LyondellBasell Industries in a research report on Tuesday, October 2nd. They issued an “outperform” rating and a $129.00 price objective for the company. Finally, JPMorgan Chase & Co. downgraded LyondellBasell Industries from a “neutral” rating to an “underweight” rating and lowered their price objective for the company from $110.00 to $95.00 in a research report on Wednesday, September 19th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $116.88.

Shares of LYB stock opened at $84.37 on Wednesday. The company has a quick ratio of 1.09, a current ratio of 1.82 and a debt-to-equity ratio of 0.67. LyondellBasell Industries has a fifty-two week low of $84.17 and a fifty-two week high of $121.95. The company has a market capitalization of $33.85 billion, a price-to-earnings ratio of 7.27, a P/E/G ratio of 0.79 and a beta of 1.24.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Monday, December 10th will be paid a dividend of $1.00 per share. The ex-dividend date of this dividend is Friday, December 7th. This is a boost from LyondellBasell Industries’s previous quarterly dividend of $0.78. This represents a $4.00 annualized dividend and a dividend yield of 4.74%. LyondellBasell Industries’s payout ratio is 39.10%.

In other LyondellBasell Industries news, Director Robin W.T. Buchanan bought 5,000 shares of LyondellBasell Industries stock in a transaction dated Thursday, December 6th. The shares were purchased at an average cost of $88.63 per share, with a total value of $443,150.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Ai Investments Holdings Llc bought 1,602,455 shares of LyondellBasell Industries stock in a transaction dated Thursday, November 8th. The shares were acquired at an average cost of $95.65 per share, for a total transaction of $153,274,820.75. The disclosure for this purchase can be found here. Insiders have bought 4,401,236 shares of company stock worth $418,531,263 over the last three months. Insiders own 0.09% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. First Republic Investment Management Inc. grew its stake in LyondellBasell Industries by 101.2% in the second quarter. First Republic Investment Management Inc. now owns 677,904 shares of the specialty chemicals company’s stock worth $74,467,000 after purchasing an additional 55,533,112 shares during the period. Capital International Investors purchased a new stake in LyondellBasell Industries in the third quarter worth $385,453,000. Skandinaviska Enskilda Banken AB publ purchased a new stake in LyondellBasell Industries in the third quarter worth $189,804,000. Alliancebernstein L.P. grew its stake in LyondellBasell Industries by 98.7% in the third quarter. Alliancebernstein L.P. now owns 2,662,564 shares of the specialty chemicals company’s stock worth $272,939,000 after purchasing an additional 1,322,755 shares during the period. Finally, PointState Capital LP grew its stake in LyondellBasell Industries by 36.3% in the third quarter. PointState Capital LP now owns 2,520,233 shares of the specialty chemicals company’s stock worth $258,349,000 after purchasing an additional 670,971 shares during the period. 73.24% of the stock is currently owned by hedge funds and other institutional investors.

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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