Brokerages Anticipate LyondellBasell Industries NV (LYB) Will Announce Quarterly Sales of $8.92 Billion

Equities analysts forecast that LyondellBasell Industries NV (NYSE:LYB) will report $8.92 billion in sales for the current quarter, according to Zacks. Two analysts have provided estimates for LyondellBasell Industries’ earnings, with estimates ranging from $8.75 billion to $9.09 billion. LyondellBasell Industries posted sales of $9.77 billion during the same quarter last year, which suggests a negative year over year growth rate of 8.7%. The firm is expected to announce its next quarterly earnings results on Friday, April 26th.

On average, analysts expect that LyondellBasell Industries will report full year sales of $37.84 billion for the current year, with estimates ranging from $35.45 billion to $41.57 billion. For the next financial year, analysts forecast that the firm will post sales of $40.34 billion, with estimates ranging from $38.01 billion to $43.73 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow LyondellBasell Industries.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings data on Friday, February 1st. The specialty chemicals company reported $1.83 EPS for the quarter, missing the consensus estimate of $2.13 by ($0.30). LyondellBasell Industries had a net margin of 12.02% and a return on equity of 42.30%. The business had revenue of $8.88 billion during the quarter, compared to analyst estimates of $9.22 billion.

Several analysts have commented on LYB shares. Jefferies Financial Group reissued a “buy” rating on shares of LyondellBasell Industries in a report on Thursday, November 15th. Royal Bank of Canada raised LyondellBasell Industries from a “sector perform” rating to an “outperform” rating and set a $130.00 price objective on the stock in a report on Tuesday, November 20th. They noted that the move was a valuation call. Alembic Global Advisors set a $120.00 price objective on LyondellBasell Industries and gave the company a “buy” rating in a report on Saturday, February 2nd. reissued a “buy” rating and issued a $120.00 price objective on shares of LyondellBasell Industries in a report on Tuesday, February 12th. Finally, Cowen restated a “market perform” rating and issued a $100.00 target price on shares of LyondellBasell Industries in a research report on Wednesday, February 6th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $117.00.

A number of institutional investors have recently made changes to their positions in LYB. Oregon Public Employees Retirement Fund lifted its position in LyondellBasell Industries by 7,934.2% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 13,343,271 shares of the specialty chemicals company’s stock worth $160,000 after buying an additional 13,177,190 shares in the last quarter. Capital International Investors purchased a new position in LyondellBasell Industries during the third quarter worth approximately $385,453,000. Norges Bank purchased a new position in LyondellBasell Industries during the fourth quarter worth approximately $259,614,000. Alliancebernstein L.P. lifted its position in LyondellBasell Industries by 98.7% during the third quarter. Alliancebernstein L.P. now owns 2,662,564 shares of the specialty chemicals company’s stock worth $272,939,000 after buying an additional 1,322,755 shares in the last quarter. Finally, Two Sigma Advisers LP lifted its position in LyondellBasell Industries by 107.3% during the fourth quarter. Two Sigma Advisers LP now owns 1,949,246 shares of the specialty chemicals company’s stock worth $162,099,000 after buying an additional 1,009,000 shares in the last quarter. Hedge funds and other institutional investors own 69.37% of the company’s stock.

LYB traded down $1.44 during trading on Friday, hitting $87.44. The company’s stock had a trading volume of 2,112,585 shares, compared to its average volume of 2,578,746. The company has a current ratio of 1.92, a quick ratio of 1.10 and a debt-to-equity ratio of 0.83. LyondellBasell Industries has a twelve month low of $77.52 and a twelve month high of $119.39. The firm has a market cap of $32.99 billion, a P/E ratio of 7.76, a PEG ratio of 0.92 and a beta of 1.10.

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Monday, March 4th were given a dividend of $1.00 per share. This is an increase from LyondellBasell Industries’s previous quarterly dividend of $0.78. The ex-dividend date of this dividend was Friday, March 1st. This represents a $4.00 dividend on an annualized basis and a yield of 4.57%. LyondellBasell Industries’s dividend payout ratio (DPR) is presently 35.49%.

LyondellBasell Industries Company Profile

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.

See Also: Special Dividends

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Earnings History and Estimates for LyondellBasell Industries (NYSE:LYB)

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