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.

A number of hedge funds and other institutional investors have recently bought and sold shares of LYB. Hudock Capital Group LLC lifted its stake in LyondellBasell Industries by 151.6% in the 2nd quarter. Hudock Capital Group LLC now owns 916 shares of the specialty chemicals company’s stock worth $100,000 after purchasing an additional 552 shares in the last quarter. Cornerstone Advisors Inc. lifted its stake in LyondellBasell Industries by 138.3% in the 1st quarter. Cornerstone Advisors Inc. now owns 984 shares of the specialty chemicals company’s stock worth $104,000 after purchasing an additional 571 shares in the last quarter. Penserra Capital Management LLC purchased a new stake in LyondellBasell Industries in the 1st quarter worth approximately $109,000. Atlas Capital Advisors LLC lifted its stake in LyondellBasell Industries by 192.2% in the 2nd quarter. Atlas Capital Advisors LLC now owns 1,005 shares of the specialty chemicals company’s stock worth $109,000 after purchasing an additional 661 shares in the last quarter. Finally, Sun Life Financial INC lifted its stake in LyondellBasell Industries by 843.4% in the 2nd quarter. Sun Life Financial INC now owns 1,000 shares of the specialty chemicals company’s stock worth $110,000 after purchasing an additional 894 shares in the last quarter. Institutional investors and hedge funds own 74.04% of the company’s stock.

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

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