$2.90 EPS Expected for LyondellBasell Industries NV (LYB) This Quarter
Brokerages expect that LyondellBasell Industries NV (NYSE:LYB) will report $2.90 earnings per share (EPS) for the current quarter, Zacks reports. Three analysts have made estimates for LyondellBasell Industries’ earnings. The lowest EPS estimate is $2.70 and the highest is $3.05. LyondellBasell Industries reported earnings per share of $2.82 in the same quarter last year, which would suggest a positive year-over-year growth rate of 2.8%. The firm is expected to announce its next earnings report on Friday, October 26th.
On average, analysts expect that LyondellBasell Industries will report full-year earnings of $11.88 per share for the current fiscal year, with EPS estimates ranging from $11.49 to $12.70. For the next year, analysts forecast that the firm will report earnings of $11.60 per share, with EPS estimates ranging from $10.11 to $14.40. Zacks’ earnings per share averages are an average based on a survey of analysts that cover LyondellBasell Industries.
A number of analysts recently commented on LYB shares. ValuEngine cut shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, July 4th. Zacks Investment Research cut shares of LyondellBasell Industries from a “hold” rating to a “sell” rating in a research note on Monday, April 23rd. Cowen dropped their price target on shares of LyondellBasell Industries from $125.00 to $110.00 and set a “market perform” rating on the stock in a research note on Monday, May 7th. Jefferies Financial Group upgraded shares of LyondellBasell Industries from a “hold” rating to a “buy” rating in a research note on Thursday, May 31st. Finally, Standpoint Research cut shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a research note on Monday, May 21st. Ten analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $118.57.
Shares of LYB stock traded up $1.15 during trading on Friday, reaching $113.10. 1,766,668 shares of the company’s stock traded hands, compared to its average volume of 2,217,789. The stock has a market capitalization of $43.83 billion, a P/E ratio of 11.06, a PEG ratio of 1.02 and a beta of 1.09. The company has a current ratio of 2.27, a quick ratio of 1.51 and a debt-to-equity ratio of 0.71. LyondellBasell Industries has a 1 year low of $85.35 and a 1 year high of $121.95.
About LyondellBasell Industries
LyondellBasell Industries N.V. is a chemical company. The Company operates in five segments: Olefins and Polyolefins-Americas (O&P-Americas), Olefins and Polyolefins-Europe, Asia, International (O&P-EAI), Intermediates and Derivatives (I&D), Refining and Technology. The O&P-Americas segment produces and markets olefins and co-products, polyethylene and polypropylene.
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