Analysts Expect LyondellBasell Industries NV (NYSE:LYB) to Announce $2.54 Earnings Per Share

Equities research analysts expect that LyondellBasell Industries NV (NYSE:LYB) will report $2.54 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for LyondellBasell Industries’ earnings, with estimates ranging from $2.23 to $2.93. LyondellBasell Industries reported earnings of $1.83 per share in the same quarter last year, which indicates a positive year over year growth rate of 38.8%. The business is expected to report its next earnings report on Friday, February 7th.

According to Zacks, analysts expect that LyondellBasell Industries will report full year earnings of $10.08 per share for the current financial year, with EPS estimates ranging from $9.82 to $10.52. For the next year, analysts forecast that the business will report earnings of $11.95 per share, with EPS estimates ranging from $10.20 to $14.05. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that that provide coverage for LyondellBasell Industries.

LYB has been the topic of a number of recent research reports. Barclays cut their price target on shares of LyondellBasell Industries from $100.00 to $91.00 and set an “overweight” rating on the stock in a report on Monday, August 5th. Cowen raised their price target on shares of LyondellBasell Industries from $85.00 to $90.00 and gave the company a “market perform” rating in a report on Thursday, September 26th. Nomura cut their price target on shares of LyondellBasell Industries from $91.00 to $85.00 and set a “neutral” rating on the stock in a report on Wednesday, September 18th. UBS Group raised their price target on shares of LyondellBasell Industries from $87.00 to $93.00 and gave the company a “neutral” rating in a report on Wednesday, October 2nd. Finally, Zacks Investment Research downgraded shares of 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, August 13th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. LyondellBasell Industries presently has a consensus rating of “Hold” and an average price target of $98.75.

Shares of LyondellBasell Industries stock traded up $0.12 during midday trading on Thursday, reaching $96.00. 812,128 shares of the company’s stock traded hands, compared to its average volume of 1,941,435. The company has a market cap of $31.97 billion, a price-to-earnings ratio of 8.52, a price-to-earnings-growth ratio of 1.13 and a beta of 1.36. The company’s 50 day simple moving average is $89.87 and its 200 day simple moving average is $83.81. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.70 and a current ratio of 1.30. LyondellBasell Industries has a 52 week low of $68.61 and a 52 week high of $98.91.

In related news, major shareholder Ai Investments Holdings Llc purchased 764,501 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were bought at an average cost of $74.61 per share, for a total transaction of $57,039,419.61. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Bhavesh V. Patel purchased 7,246 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was bought at an average price of $68.85 per share, for a total transaction of $498,887.10. The disclosure for this purchase can be found here. Company insiders own 0.14% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Janus Henderson Group PLC grew its position in LyondellBasell Industries by 3.9% in the 2nd quarter. Janus Henderson Group PLC now owns 5,877,544 shares of the specialty chemicals company’s stock worth $506,235,000 after purchasing an additional 220,595 shares during the last quarter. Morgan Stanley grew its position in LyondellBasell Industries by 10.3% in the 2nd quarter. Morgan Stanley now owns 4,118,615 shares of the specialty chemicals company’s stock worth $354,737,000 after purchasing an additional 385,093 shares during the last quarter. Invesco Ltd. grew its position in LyondellBasell Industries by 32.0% in the 2nd quarter. Invesco Ltd. now owns 3,639,022 shares of the specialty chemicals company’s stock worth $313,429,000 after purchasing an additional 881,932 shares during the last quarter. Aristeia Capital LLC acquired a new stake in LyondellBasell Industries in the 2nd quarter worth $226,334,000. Finally, Prudential Financial Inc. grew its position in LyondellBasell Industries by 16.2% in the 2nd quarter. Prudential Financial Inc. now owns 2,129,921 shares of the specialty chemicals company’s stock worth $183,450,000 after purchasing an additional 296,727 shares during the last quarter. Institutional investors own 76.18% 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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