Wall Street analysts predict that LyondellBasell Industries NV (NYSE:LYB) will post $9.03 billion in sales for the current quarter, Zacks reports. Three analysts have issued estimates for LyondellBasell Industries’ earnings. The lowest sales estimate is $8.92 billion and the highest is $9.11 billion. LyondellBasell Industries posted sales of $10.16 billion during the same quarter last year, which suggests a negative year over year growth rate of 11.1%. The company is scheduled to announce its next quarterly earnings results on Tuesday, October 29th.

On average, analysts expect that LyondellBasell Industries will report full year sales of $36.29 billion for the current year, with estimates ranging from $35.53 billion to $37.93 billion. For the next financial year, analysts expect that the business will post sales of $37.08 billion, with estimates ranging from $34.06 billion to $41.57 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover LyondellBasell Industries.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings data on Friday, August 2nd. The specialty chemicals company reported $2.75 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.84 by ($0.09). LyondellBasell Industries had a return on equity of 35.20% and a net margin of 9.83%. The business had revenue of $9.05 billion during the quarter, compared to analysts’ expectations of $9.26 billion.

Several analysts recently weighed in on the company. Nomura cut their price target on LyondellBasell Industries from $93.00 to $91.00 and set a “neutral” rating on the stock in a research note on Monday, August 5th. UBS Group lifted their price objective on LyondellBasell Industries from $86.00 to $89.00 and gave the company a “neutral” rating in a research note on Thursday, July 11th. Zacks Investment Research downgraded LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $77.00 target price on the stock. in a report on Tuesday, August 13th. Bank of America dropped their target price on LyondellBasell Industries from $110.00 to $98.00 and set a “buy” rating on the stock in a report on Monday, August 5th. Finally, JPMorgan Chase & Co. assumed coverage on LyondellBasell Industries in a research note on Friday, July 19th. They issued an “underweight” rating and a $80.00 target price on the stock. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $102.18.

In other LyondellBasell Industries news, Director Jagjeet S. Bindra bought 1,360 shares of the firm’s stock in a transaction on Wednesday, August 14th. The stock was acquired at an average price of $73.48 per share, with a total value of $99,932.80. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Bhavesh V. Patel bought 7,246 shares of the stock in a transaction on Friday, August 23rd. The shares were bought at an average price of $68.85 per share, for a total transaction of $498,887.10. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 773,107 shares of company stock worth $57,638,240. Company insiders own 0.14% of the company’s stock.

Several hedge funds have recently made changes to their positions in LYB. Boenning & Scattergood Inc. boosted its position in shares of LyondellBasell Industries by 4.1% in the 2nd quarter. Boenning & Scattergood Inc. now owns 3,212 shares of the specialty chemicals company’s stock worth $277,000 after purchasing an additional 127 shares in the last quarter. Enterprise Financial Services Corp raised its stake in shares of LyondellBasell Industries by 47.1% during the 2nd quarter. Enterprise Financial Services Corp now owns 428 shares of the specialty chemicals company’s stock valued at $37,000 after buying an additional 137 shares during the last quarter. Unison Advisors LLC lifted its holdings in shares of LyondellBasell Industries by 1.2% in the 2nd quarter. Unison Advisors LLC now owns 12,064 shares of the specialty chemicals company’s stock valued at $1,039,000 after buying an additional 138 shares during the period. MUFG Americas Holdings Corp lifted its holdings in shares of LyondellBasell Industries by 80.8% in the 2nd quarter. MUFG Americas Holdings Corp now owns 329 shares of the specialty chemicals company’s stock valued at $28,000 after buying an additional 147 shares during the period. Finally, FDx Advisors Inc. boosted its stake in shares of LyondellBasell Industries by 1.2% in the second quarter. FDx Advisors Inc. now owns 12,772 shares of the specialty chemicals company’s stock worth $1,100,000 after buying an additional 154 shares during the last quarter. Hedge funds and other institutional investors own 76.23% of the company’s stock.

Shares of LYB traded up $0.63 during mid-day trading on Friday, reaching $85.71. The company had a trading volume of 2,498,249 shares, compared to its average volume of 2,878,950. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.85 and a current ratio of 1.47. The firm has a 50-day moving average price of $76.95 and a 200 day moving average price of $83.46. LyondellBasell Industries has a 52 week low of $68.61 and a 52 week high of $107.49. The company has a market capitalization of $28.52 billion, a price-to-earnings ratio of 7.61, a price-to-earnings-growth ratio of 0.88 and a beta of 1.31.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 11th. Shareholders of record on Wednesday, September 4th will be paid a dividend of $1.05 per share. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $4.20 annualized dividend and a yield of 4.90%. LyondellBasell Industries’s dividend payout ratio is 37.27%.

About LyondellBasell Industries

LyondellBasell Industries N.V. operates as a chemical company worldwide. The company operates in six segments: Olefins and Polyolefins—Americas; Olefins and Polyolefins—Europe, 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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Earnings History and Estimates for LyondellBasell Industries (NYSE:LYB)

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