Analysts expect that LyondellBasell Industries NV (NYSE:LYB) will post sales of $9.11 billion for the current quarter, Zacks reports. Three analysts have made estimates for LyondellBasell Industries’ earnings, with the highest sales estimate coming in at $9.63 billion and the lowest estimate coming in at $8.41 billion. LyondellBasell Industries posted sales of $8.40 billion during the same quarter last year, which suggests a positive year over year growth rate of 8.5%. The firm is scheduled to issue its next quarterly earnings report on Friday, October 26th.
On average, analysts expect that LyondellBasell Industries will report full-year sales of $37.85 billion for the current financial year, with estimates ranging from $33.80 billion to $41.29 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $38.89 billion per share, with estimates ranging from $32.39 billion to $42.51 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that cover LyondellBasell Industries.
LYB has been the subject of a number of research analyst reports. Zacks Investment Research lowered shares of LyondellBasell Industries from a “hold” rating to a “sell” rating in a research report on Monday, April 23rd. Wells Fargo & Co upped their price objective on shares of LyondellBasell Industries from $125.00 to $130.00 and gave the company an “outperform” rating in a research report on Wednesday, June 6th. ValuEngine raised shares of LyondellBasell Industries from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, May 1st. Jefferies Financial Group raised shares of LyondellBasell Industries from a “hold” rating to a “buy” rating in a research report on Thursday, May 31st. Finally, Standpoint Research lowered shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a research report on Monday, May 21st. Ten research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. LyondellBasell Industries has an average rating of “Hold” and an average price target of $118.57.
Shares of LYB traded up $1.75 during trading hours on Monday, reaching $112.51. 31,032 shares of the company traded hands, compared to its average volume of 2,224,297. The firm has a market capitalization of $43.83 billion, a P/E ratio of 10.96, a P/E/G ratio of 1.02 and a beta of 1.09. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.51 and a current ratio of 2.27. LyondellBasell Industries has a 1-year low of $85.35 and a 1-year high of $121.95.
LyondellBasell Industries Company Profile
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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