Wall Street brokerages forecast that LyondellBasell Industries NV (NYSE:LYB) will announce earnings per share (EPS) of $2.25 for the current quarter, Zacks reports. Three analysts have made estimates for LyondellBasell Industries’ earnings. The lowest EPS estimate is $2.15 and the highest is $2.34. LyondellBasell Industries reported earnings of $1.83 per share during the same quarter last year, which would indicate a positive year over year growth rate of 23%. The firm is expected to announce its next earnings results before the market opens on Friday, January 31st.

According to Zacks, analysts expect that LyondellBasell Industries will report full-year earnings of $9.94 per share for the current year, with EPS estimates ranging from $9.83 to $10.02. For the next fiscal year, analysts anticipate that the company will post earnings of $11.24 per share, with EPS estimates ranging from $10.00 to $11.75. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow LyondellBasell Industries.

LyondellBasell Industries (NYSE:LYB) last released its earnings results on Friday, November 1st. The specialty chemicals company reported $2.70 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.78 by ($0.08). LyondellBasell Industries had a return on equity of 35.56% and a net margin of 9.80%. The business had revenue of $8.72 billion for the quarter, compared to analyst estimates of $8.98 billion.

Several equities analysts have issued reports on LYB shares. Wells Fargo & Co started coverage on LyondellBasell Industries in a research report on Tuesday, October 15th. They set an “outperform” rating and a $105.00 target price on the stock. Royal Bank of Canada cut LyondellBasell Industries from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from $102.00 to $95.00 in a research report on Friday, December 20th. UBS Group boosted their target price on LyondellBasell Industries from $87.00 to $93.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 2nd. Goldman Sachs Group upgraded LyondellBasell Industries from a “buy” rating to a “conviction-buy” rating and dropped their target price for the stock from $121.00 to $96.00 in a research report on Monday, November 18th. Finally, Morgan Stanley started coverage on LyondellBasell Industries in a research report on Monday, December 2nd. They set an “overweight” rating and a $110.00 target price on the stock. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $95.88.

NYSE LYB traded down $1.61 on Tuesday, hitting $84.63. 126,785 shares of the company’s stock were exchanged, compared to its average volume of 1,743,531. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.30 and a quick ratio of 0.70. The firm’s 50-day moving average price is $92.31 and its two-hundred day moving average price is $87.10. LyondellBasell Industries has a fifty-two week low of $68.61 and a fifty-two week high of $98.91. The firm has a market cap of $28.75 billion, a price-to-earnings ratio of 8.88, a P/E/G ratio of 0.92 and a beta of 1.40.

In related news, SVP Massimo Covezzi sold 11,762 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $96.79, for a total value of $1,138,443.98. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.14% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in LYB. Nuveen Asset Management LLC grew its holdings in shares of LyondellBasell Industries by 224.2% in the 2nd quarter. Nuveen Asset Management LLC now owns 1,583,269 shares of the specialty chemicals company’s stock worth $136,367,000 after acquiring an additional 1,094,978 shares during the period. Waddell & Reed Financial Inc. grew its holdings in shares of LyondellBasell Industries by 36.9% in the 2nd quarter. Waddell & Reed Financial Inc. now owns 1,907,892 shares of the specialty chemicals company’s stock worth $164,327,000 after acquiring an additional 513,989 shares during the period. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in shares of LyondellBasell Industries by 58.8% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,218,365 shares of the specialty chemicals company’s stock worth $104,937,000 after acquiring an additional 451,296 shares during the period. State of New Jersey Common Pension Fund D acquired a new stake in shares of LyondellBasell Industries in the 3rd quarter worth approximately $18,189,000. Finally, Envestnet Asset Management Inc. grew its holdings in shares of LyondellBasell Industries by 123.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 320,767 shares of the specialty chemicals company’s stock worth $28,699,000 after acquiring an additional 177,400 shares during the period. Institutional investors and hedge funds own 66.60% of the company’s stock.

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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