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.
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.
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.
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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