Zacks: Analysts Anticipate LyondellBasell Industries NV (NYSE:LYB) Will Announce Earnings of $2.73 Per Share

Equities research analysts predict that LyondellBasell Industries NV (NYSE:LYB) will post $2.73 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for LyondellBasell Industries’ earnings, with the lowest EPS estimate coming in at $2.52 and the highest estimate coming in at $3.03. LyondellBasell Industries posted earnings per share of $3.34 in the same quarter last year, which would suggest a negative year-over-year growth rate of 18.3%. The company is expected to report its next earnings report on Friday, August 2nd.

According to Zacks, analysts expect that LyondellBasell Industries will report full year earnings of $10.35 per share for the current fiscal year, with EPS estimates ranging from $9.90 to $11.63. For the next financial year, analysts forecast that the business will report earnings of $11.56 per share, with EPS estimates ranging from $10.00 to $12.62. Zacks’ earnings per share calculations are an average based on a survey of analysts that that provide coverage for LyondellBasell Industries.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings data on Friday, April 26th. The specialty chemicals company reported $2.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.20 by $0.02. The firm had revenue of $8.78 billion for the quarter, compared to the consensus estimate of $9.47 billion. LyondellBasell Industries had a return on equity of 38.05% and a net margin of 11.24%. The business’s revenue for the quarter was down 10.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.11 EPS.

Several equities analysts have weighed in on LYB shares. reaffirmed a “buy” rating and set a $120.00 target price on shares of LyondellBasell Industries in a research note on Tuesday, February 12th. Jefferies Financial Group lifted their target price on LyondellBasell Industries from $99.00 to $104.00 and gave the company a “buy” rating in a research note on Tuesday. Alembic Global Advisors set a $120.00 target price on LyondellBasell Industries and gave the company a “buy” rating in a research note on Friday, April 26th. Nomura raised LyondellBasell Industries from a “neutral” rating to a “buy” rating and lifted their target price for the company from $87.00 to $113.00 in a research note on Monday, April 15th. Finally, Bank of America raised LyondellBasell Industries from an “underperform” rating to a “buy” rating and set a $105.00 target price on the stock in a research note on Tuesday, April 2nd. Two analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the company’s stock. LyondellBasell Industries presently has a consensus rating of “Buy” and a consensus price target of $112.13.

NYSE LYB traded up $0.98 on Friday, hitting $85.49. 126,683 shares of the company were exchanged, compared to its average volume of 2,605,958. The company has a current ratio of 1.47, a quick ratio of 0.83 and a debt-to-equity ratio of 0.74. LyondellBasell Industries has a twelve month low of $73.94 and a twelve month high of $117.85. The company has a market cap of $29.34 billion, a PE ratio of 7.58, a PEG ratio of 0.98 and a beta of 1.18.

The company also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 10th will be paid a $1.05 dividend. This is a boost from LyondellBasell Industries’s previous quarterly dividend of $0.78. The ex-dividend date of this dividend is Friday, June 7th. This represents a $4.20 annualized dividend and a dividend yield of 4.91%. LyondellBasell Industries’s payout ratio is presently 37.27%.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc raised its holdings in shares of LyondellBasell Industries by 0.7% in the third quarter. Vanguard Group Inc now owns 25,762,376 shares of the specialty chemicals company’s stock worth $2,640,901,000 after buying an additional 179,076 shares during the last quarter. Oppenheimer & Co. Inc. raised its holdings in shares of LyondellBasell Industries by 13.9% in the fourth quarter. Oppenheimer & Co. Inc. now owns 4,859 shares of the specialty chemicals company’s stock worth $404,000 after buying an additional 594 shares during the last quarter. Deprince Race & Zollo Inc. raised its holdings in shares of LyondellBasell Industries by 48.6% in the fourth quarter. Deprince Race & Zollo Inc. now owns 173,203 shares of the specialty chemicals company’s stock worth $14,404,000 after buying an additional 56,616 shares during the last quarter. Sigma Planning Corp raised its holdings in shares of LyondellBasell Industries by 15.3% in the fourth quarter. Sigma Planning Corp now owns 5,184 shares of the specialty chemicals company’s stock worth $431,000 after buying an additional 686 shares during the last quarter. Finally, Wedge Capital Management L L P NC raised its holdings in shares of LyondellBasell Industries by 5.9% in the fourth quarter. Wedge Capital Management L L P NC now owns 74,075 shares of the specialty chemicals company’s stock worth $6,160,000 after buying an additional 4,158 shares during the last quarter. 68.94% of the stock is owned by institutional investors and hedge funds.

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.

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

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