Equities analysts expect LyondellBasell Industries NV (NYSE:LYB) to post earnings of $2.30 per share for the current fiscal quarter, Zacks reports. Two analysts have made estimates for LyondellBasell Industries’ earnings, with the highest EPS estimate coming in at $2.48 and the lowest estimate coming in at $2.17. LyondellBasell Industries reported earnings per share of $3.11 during the same quarter last year, which suggests a negative year over year growth rate of 26%. The business is expected to report its next earnings results on Friday, April 26th.

On average, analysts expect that LyondellBasell Industries will report full-year earnings of $10.26 per share for the current fiscal year, with EPS estimates ranging from $8.98 to $11.00. For the next year, analysts forecast that the business will post earnings of $11.40 per share, with EPS estimates ranging from $9.54 to $12.50. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that cover LyondellBasell Industries.

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

Several brokerages have recently issued reports on LYB. Royal Bank of Canada upgraded LyondellBasell Industries from a “sector perform” rating to an “outperform” rating and set a $130.00 price objective for the company in a research note on Tuesday, November 20th. They noted that the move was a valuation call. Jefferies Financial Group restated a “buy” rating on shares of LyondellBasell Industries in a research note on Thursday, November 15th. Dougherty & Co cut LyondellBasell Industries from a “buy” rating to a “neutral” rating in a research note on Friday, February 22nd. Alembic Global Advisors set a $120.00 price objective on LyondellBasell Industries and gave the stock a “buy” rating in a research note on Saturday, February 2nd. Finally, BMO Capital Markets reduced their price objective on LyondellBasell Industries from $97.00 to $95.00 and set a “market perform” rating for the company in a research note on Tuesday, February 5th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $117.00.

Shares of NYSE:LYB traded down $1.44 during trading on Thursday, hitting $87.44. The stock had a trading volume of 2,112,585 shares, compared to its average volume of 2,578,746. LyondellBasell Industries has a 12-month low of $77.52 and a 12-month high of $119.39. The stock has a market cap of $32.99 billion, a price-to-earnings ratio of 7.76, a PEG ratio of 0.92 and a beta of 1.10. The company has a quick ratio of 1.10, a current ratio of 1.92 and a debt-to-equity ratio of 0.83.

The business also recently declared 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 a boost from LyondellBasell Industries’s previous quarterly dividend of $0.78. This represents a $4.00 annualized dividend and a yield of 4.57%. The ex-dividend date was Friday, March 1st. LyondellBasell Industries’s dividend payout ratio (DPR) is currently 35.49%.

A number of hedge funds have recently made changes to their positions in LYB. Russell Investments Group Ltd. raised its position in LyondellBasell Industries by 8.6% during the third quarter. Russell Investments Group Ltd. now owns 167,041 shares of the specialty chemicals company’s stock valued at $17,141,000 after acquiring an additional 13,297 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its position in LyondellBasell Industries by 9.2% during the third quarter. Robeco Institutional Asset Management B.V. now owns 561,345 shares of the specialty chemicals company’s stock valued at $57,544,000 after acquiring an additional 47,175 shares in the last quarter. Wedge Capital Management L L P NC raised its position in LyondellBasell Industries by 17.5% during the third quarter. Wedge Capital Management L L P NC now owns 69,917 shares of the specialty chemicals company’s stock valued at $7,167,000 after acquiring an additional 10,431 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in LyondellBasell Industries by 14.6% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 16,894 shares of the specialty chemicals company’s stock valued at $1,734,000 after acquiring an additional 2,156 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its position in LyondellBasell Industries by 1.9% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 59,482 shares of the specialty chemicals company’s stock valued at $6,098,000 after acquiring an additional 1,091 shares in the last quarter. Institutional investors own 69.37% of the company’s stock.

About LyondellBasell Industries

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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