$2.84 Earnings Per Share Expected for LyondellBasell Industries NV (NYSE:LYB) This Quarter
Analysts expect LyondellBasell Industries NV (NYSE:LYB) to post earnings per share (EPS) of $2.84 for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for LyondellBasell Industries’ earnings, with estimates ranging from $2.58 to $2.94. LyondellBasell Industries reported earnings per share of $2.96 during the same quarter last year, which would indicate a negative year-over-year growth rate of 4.1%. The company is expected to issue its next quarterly earnings report on Tuesday, October 29th.
According to Zacks, analysts expect that LyondellBasell Industries will report full year earnings of $10.35 per share for the current financial year, with EPS estimates ranging from $9.75 to $10.71. For the next financial year, analysts expect that the business will post earnings of $12.36 per share, with EPS estimates ranging from $10.50 to $14.40. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover LyondellBasell Industries.
Several research analysts recently weighed in on the company. Citigroup initiated coverage on LyondellBasell Industries in a research note on Friday, July 12th. They set a “neutral” rating and a $92.00 target price on the stock. Cowen lowered their price target on LyondellBasell Industries from $92.00 to $85.00 and set a “market perform” rating for the company in a research report on Monday. Alembic Global Advisors set a $120.00 price target on LyondellBasell Industries and gave the stock a “buy” rating in a research report on Friday, April 26th. JPMorgan Chase & Co. initiated coverage on LyondellBasell Industries in a research report on Friday, July 19th. They set an “underweight” rating and a $80.00 price target for the company. Finally, Nomura lowered their price target on LyondellBasell Industries from $93.00 to $91.00 and set a “neutral” rating for the company in a research report on Monday, August 5th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $102.18.
A number of large investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP raised its stake in shares of LyondellBasell Industries by 18.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,496,178 shares of the specialty chemicals company’s stock valued at $124,420,000 after purchasing an additional 229,894 shares in the last quarter. Geode Capital Management LLC grew its position in shares of LyondellBasell Industries by 4.9% during the 4th quarter. Geode Capital Management LLC now owns 4,325,044 shares of the specialty chemicals company’s stock valued at $359,186,000 after buying an additional 203,826 shares during the last quarter. Truvestments Capital LLC bought a new stake in shares of LyondellBasell Industries during the 1st quarter valued at about $33,000. Raymond James Trust N.A. grew its position in shares of LyondellBasell Industries by 4.3% during the 1st quarter. Raymond James Trust N.A. now owns 22,343 shares of the specialty chemicals company’s stock valued at $1,879,000 after buying an additional 919 shares during the last quarter. Finally, First Command Bank grew its position in shares of LyondellBasell Industries by 64.4% during the 1st quarter. First Command Bank now owns 319 shares of the specialty chemicals company’s stock valued at $27,000 after buying an additional 125 shares during the last quarter. Institutional investors own 76.55% of the company’s stock.
LYB stock traded down $2.64 on Wednesday, hitting $72.97. 1,607,292 shares of the company’s stock were exchanged, compared to its average volume of 2,881,861. LyondellBasell Industries has a 12-month low of $72.32 and a 12-month high of $116.63. The stock’s 50 day simple moving average is $83.22. The company has a current ratio of 1.47, a quick ratio of 0.85 and a debt-to-equity ratio of 0.83. The firm has a market capitalization of $25.48 billion, a PE ratio of 6.48, a P/E/G ratio of 0.81 and a beta of 1.31.
LyondellBasell Industries Company Profile
LyondellBasell Industries N.V. operates as a chemical company worldwide. The company operates in six segments: Olefins and PolyolefinsAmericas; Olefins and PolyolefinsEurope, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; 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 and copolymers.
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