Zacks: Analysts Expect LyondellBasell Industries NV (LYB) to Post $2.80 Earnings Per Share

Equities analysts expect LyondellBasell Industries NV (NYSE:LYB) to post earnings per share of $2.80 for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for LyondellBasell Industries’ earnings, with estimates ranging from $2.67 to $2.97. LyondellBasell Industries posted earnings of $2.26 per share during the same quarter last year, which would suggest a positive year over year growth rate of 23.9%. The company is scheduled to report its next quarterly earnings results on Friday, April 27th.

On average, analysts expect that LyondellBasell Industries will report full year earnings of $10.75 per share for the current year, with EPS estimates ranging from $10.19 to $11.25. For the next financial year, analysts expect that the company will post earnings of $10.41 per share, with EPS estimates ranging from $9.32 to $11.20. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that follow LyondellBasell Industries.

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LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings results on Friday, February 2nd. The specialty chemicals company reported $2.73 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.55 by $0.18. The company had revenue of $9.14 billion for the quarter, compared to analysts’ expectations of $8.82 billion. LyondellBasell Industries had a net margin of 14.15% and a return on equity of 55.09%. LyondellBasell Industries’s revenue was up 17.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.94 EPS.

A number of equities analysts recently issued reports on LYB shares. BMO Capital Markets started coverage on shares of LyondellBasell Industries in a research note on Tuesday, March 27th. They issued an “outperform” rating and a $111.00 price target on the stock. Royal Bank of Canada reiterated a “hold” rating and issued a $119.00 price target on shares of LyondellBasell Industries in a research note on Thursday, January 25th. Morgan Stanley set a $130.00 target price on LyondellBasell Industries and gave the stock a “buy” rating in a research report on Friday, February 16th. Citigroup raised LyondellBasell Industries from a “neutral” rating to a “buy” rating and set a $120.00 target price for the company in a research report on Monday, December 18th. Finally, Barclays boosted their target price on LyondellBasell Industries from $115.00 to $125.00 and gave the stock an “overweight” rating in a research report on Monday, February 5th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company’s stock. LyondellBasell Industries currently has a consensus rating of “Hold” and a consensus price target of $108.39.

In other LyondellBasell Industries news, Director Robin W.T. Buchanan purchased 282 shares of LyondellBasell Industries stock in a transaction dated Thursday, September 13th. The stock was purchased at an average price of $94.49 per share, with a total value of $26,646.18. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders have bought a total of 854 shares of company stock valued at $79,915 in the last ninety days. Insiders own 0.09% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its position in shares of LyondellBasell Industries by 1.9% during the 4th quarter. Bank of New York Mellon Corp now owns 4,290,738 shares of the specialty chemicals company’s stock valued at $473,353,000 after purchasing an additional 81,033 shares during the last quarter. Geode Capital Management LLC increased its position in shares of LyondellBasell Industries by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 4,026,783 shares of the specialty chemicals company’s stock valued at $443,436,000 after purchasing an additional 49,190 shares during the last quarter. LSV Asset Management increased its position in shares of LyondellBasell Industries by 7.3% during the 4th quarter. LSV Asset Management now owns 3,367,384 shares of the specialty chemicals company’s stock valued at $371,489,000 after purchasing an additional 229,450 shares during the last quarter. APG Asset Management N.V. increased its position in shares of LyondellBasell Industries by 6.6% during the 4th quarter. APG Asset Management N.V. now owns 2,543,033 shares of the specialty chemicals company’s stock valued at $233,634,000 after purchasing an additional 157,400 shares during the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of LyondellBasell Industries by 42.1% during the 4th quarter. Wells Fargo & Company MN now owns 2,486,577 shares of the specialty chemicals company’s stock valued at $274,318,000 after purchasing an additional 736,109 shares during the last quarter. 75.13% of the stock is owned by hedge funds and other institutional investors.

LyondellBasell Industries stock traded down $0.66 during mid-day trading on Thursday, reaching $103.04. The stock had a trading volume of 1,750,231 shares, compared to its average volume of 2,705,791. The stock has a market cap of $40,915.48, a price-to-earnings ratio of 10.07, a PEG ratio of 1.07 and a beta of 1.09. LyondellBasell Industries has a one year low of $78.01 and a one year high of $121.95. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.46 and a quick ratio of 1.57.

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About LyondellBasell Industries

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 (NYSE:LYB)

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