$2.84 Earnings Per Share Expected for LyondellBasell Industries NV (NYSE:LYB) This Quarter
Wall Street brokerages forecast that LyondellBasell Industries NV (NYSE:LYB) will report $2.84 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for LyondellBasell Industries’ earnings. The lowest EPS estimate is $2.58 and the highest is $2.94. LyondellBasell Industries reported earnings per share of $2.96 in the same quarter last year, which suggests a negative year over year growth rate of 4.1%. The firm is scheduled to issue its next quarterly earnings results on Tuesday, October 29th.
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 $9.75 to $10.71. For the next financial year, analysts expect that the firm will report earnings of $12.36 per share, with EPS estimates ranging from $10.50 to $14.40. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for LyondellBasell Industries.
A number of research analysts have recently issued reports on LYB shares. Zacks Investment Research downgraded LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $77.00 price target on the stock. in a report on Tuesday. Barclays cut their price target on LyondellBasell Industries from $100.00 to $91.00 and set an “overweight” rating on the stock in a report on Monday, August 5th. Citigroup started coverage on LyondellBasell Industries in a report on Friday, July 12th. They issued a “neutral” rating and a $92.00 price target on the stock. Jefferies Financial Group lifted their price target on LyondellBasell Industries from $99.00 to $104.00 and gave the company a “buy” rating in a report on Tuesday, June 11th. Finally, Cowen cut their price target on LyondellBasell Industries from $92.00 to $85.00 and set a “market perform” rating on the stock in a report on Monday. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $102.18.
Institutional investors and hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP lifted its holdings in shares of LyondellBasell Industries by 18.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,496,178 shares of the specialty chemicals company’s stock worth $124,420,000 after purchasing an additional 229,894 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of LyondellBasell Industries by 4.9% in the 4th quarter. Geode Capital Management LLC now owns 4,325,044 shares of the specialty chemicals company’s stock worth $359,186,000 after purchasing an additional 203,826 shares in the last quarter. Truvestments Capital LLC bought a new position in shares of LyondellBasell Industries in the 1st quarter worth $33,000. Raymond James Trust N.A. lifted its holdings in shares of LyondellBasell Industries by 4.3% in the 1st quarter. Raymond James Trust N.A. now owns 22,343 shares of the specialty chemicals company’s stock worth $1,879,000 after purchasing an additional 919 shares in the last quarter. Finally, First Command Bank lifted its holdings in shares of LyondellBasell Industries by 64.4% in the 1st quarter. First Command Bank now owns 319 shares of the specialty chemicals company’s stock worth $27,000 after purchasing an additional 125 shares in the last quarter. 76.55% of the stock is owned by institutional investors.
Shares of NYSE:LYB traded down $2.64 on Wednesday, reaching $72.97. The company had a trading volume of 1,607,292 shares, compared to its average volume of 2,881,861. LyondellBasell Industries has a 52-week low of $72.32 and a 52-week high of $116.63. The business has a 50 day moving average of $83.22. The firm has a market capitalization of $25.48 billion, a price-to-earnings ratio of 6.48, a PEG ratio of 0.81 and a beta of 1.31. The company has a quick ratio of 0.85, a current ratio of 1.47 and a debt-to-equity ratio of 0.83.
LyondellBasell Industries Company Profile
LyondellBasell Industries N.V. operates as a chemical company worldwide. The company operates in six segments: Olefins and PolyolefinsAmericas; Olefins and PolyolefinsEurope, 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.
Further Reading: How to Profit and Limit Losses With Stop Orders
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for LyondellBasell Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LyondellBasell Industries and related companies with MarketBeat.com's FREE daily email newsletter.