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.

In other LyondellBasell Industries news, Director Jagjeet S. Bindra bought 1,360 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The shares were purchased at an average cost of $73.48 per share, for a total transaction of $99,932.80. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.14% of the stock is owned by insiders.

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 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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