Zacks: Analysts Anticipate LyondellBasell Industries NV (NYSE:LYB) Will Announce Quarterly Sales of $9.03 Billion
Equities analysts expect LyondellBasell Industries NV (NYSE:LYB) to announce $9.03 billion in sales for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for LyondellBasell Industries’ earnings, with the lowest sales estimate coming in at $8.92 billion and the highest estimate coming in at $9.11 billion. LyondellBasell Industries posted sales of $10.16 billion during the same quarter last year, which would suggest a negative year-over-year growth rate of 11.1%. The business is expected to issue its next earnings report on Tuesday, October 29th.
On average, analysts expect that LyondellBasell Industries will report full year sales of $36.29 billion for the current financial year, with estimates ranging from $35.53 billion to $37.93 billion. For the next fiscal year, analysts forecast that the company will post sales of $37.08 billion, with estimates ranging from $34.06 billion to $41.57 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for LyondellBasell Industries.
LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings results on Friday, August 2nd. The specialty chemicals company reported $2.75 earnings per share for the quarter, missing the consensus estimate of $2.84 by ($0.09). The firm had revenue of $9.05 billion for the quarter, compared to the consensus estimate of $9.26 billion. LyondellBasell Industries had a net margin of 9.83% and a return on equity of 35.20%.
In other news, Director Jagjeet S. Bindra acquired 1,360 shares of LyondellBasell Industries stock in a transaction dated Wednesday, August 14th. The stock was purchased at an average cost of $73.48 per share, with a total value of $99,932.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Bhavesh V. Patel acquired 7,246 shares of LyondellBasell Industries stock in a transaction dated Friday, August 23rd. The stock was purchased at an average cost of $68.85 per share, with a total value of $498,887.10. The disclosure for this purchase can be found here. Insiders have acquired 773,107 shares of company stock worth $57,638,240 in the last ninety days. 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. Dimensional Fund Advisors LP boosted its stake in shares of LyondellBasell Industries by 18.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,496,178 shares of the specialty chemicals company’s stock worth $124,420,000 after acquiring an additional 229,894 shares during the period. Geode Capital Management LLC lifted its holdings in 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. Sigma Planning Corp boosted its stake in LyondellBasell Industries by 51.7% in the 1st quarter. Sigma Planning Corp now owns 7,865 shares of the specialty chemicals company’s stock worth $661,000 after purchasing an additional 2,681 shares during the period. Cornerstone Advisors Inc. boosted its stake in LyondellBasell Industries by 18.9% in the 1st quarter. Cornerstone Advisors Inc. now owns 1,221 shares of the specialty chemicals company’s stock worth $103,000 after purchasing an additional 194 shares during the period. Finally, Boston Partners boosted its stake in LyondellBasell Industries by 30.7% in the 1st quarter. Boston Partners now owns 24,552 shares of the specialty chemicals company’s stock worth $2,064,000 after purchasing an additional 5,766 shares during the period. Institutional investors own 76.23% of the company’s stock.
LyondellBasell Industries stock traded up $0.63 during mid-day trading on Friday, reaching $85.71. 2,498,249 shares of the stock traded hands, compared to its average volume of 2,878,950. The stock has a market capitalization of $28.52 billion, a PE ratio of 7.61, a price-to-earnings-growth ratio of 0.88 and a beta of 1.31. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.47 and a quick ratio of 0.85. LyondellBasell Industries has a 12-month low of $68.61 and a 12-month high of $107.49. The business’s 50-day moving average is $76.95 and its 200-day moving average is $83.46.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 11th. Shareholders of record on Wednesday, September 4th will be paid a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 4.90%. The ex-dividend date of this dividend is Tuesday, September 3rd. LyondellBasell Industries’s payout ratio is 37.27%.
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.
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