Brokerages expect LyondellBasell Industries NV (NYSE:LYB) to announce earnings per share (EPS) of $2.78 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for LyondellBasell Industries’ earnings. The lowest EPS estimate is $2.58 and the highest is $2.94. LyondellBasell Industries posted earnings of $2.96 per share in the same quarter last year, which suggests a negative year over year growth rate of 6.1%. The business is expected to issue its next quarterly earnings report on Tuesday, October 29th.
According to Zacks, analysts expect that LyondellBasell Industries will report full-year earnings of $10.25 per share for the current year, with EPS estimates ranging from $9.75 to $10.71. For the next fiscal year, analysts forecast that the firm will post earnings of $12.27 per share, with EPS estimates ranging from $10.50 to $14.40. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that cover LyondellBasell Industries.
A number of equities analysts recently issued reports on LYB shares. Zacks Investment Research lowered shares of LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $77.00 target price on the stock. in a research report on Tuesday, August 13th. Cowen dropped their target price on shares of LyondellBasell Industries from $92.00 to $85.00 and set a “market perform” rating on the stock in a research report on Monday, August 12th. BMO Capital Markets dropped their target price on shares of LyondellBasell Industries from $90.00 to $88.00 and set a “market perform” rating on the stock in a research report on Monday, August 5th. Bank of America dropped their target price on shares of LyondellBasell Industries from $110.00 to $98.00 and set a “buy” rating on the stock in a research report on Monday, August 5th. Finally, Jefferies Financial Group boosted their target price on shares of LyondellBasell Industries from $99.00 to $104.00 and gave the stock a “buy” rating in a research report on Tuesday, June 11th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $102.18.
Shares of LyondellBasell Industries stock traded up $1.00 on Wednesday, reaching $75.25. The stock had a trading volume of 45,915 shares, compared to its average volume of 2,878,996. LyondellBasell Industries has a fifty-two week low of $71.83 and a fifty-two week high of $116.63. The business’s 50-day moving average price is $82.69 and its two-hundred day moving average price is $84.96. The stock has a market cap of $24.34 billion, a P/E ratio of 6.67, a price-to-earnings-growth ratio of 0.79 and a beta of 1.31. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.85 and a current ratio of 1.47.
In other LyondellBasell Industries news, Director Jagjeet S. Bindra purchased 1,360 shares of the stock in a transaction on Wednesday, August 14th. The shares were purchased at an average price of $73.48 per share, with a total value of $99,932.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.14% of the company’s stock.
A number of institutional investors have recently made changes to their positions in LYB. Aristeia Capital LLC bought a new stake in LyondellBasell Industries in the 2nd quarter valued at $226,334,000. Nuveen Asset Management LLC increased its holdings in 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 valued at $136,367,000 after buying an additional 1,094,978 shares during the period. OMERS ADMINISTRATION Corp bought a new stake in LyondellBasell Industries in the 2nd quarter valued at $93,445,000. OppenheimerFunds Inc. increased its holdings in LyondellBasell Industries by 2,155.2% in the 1st quarter. OppenheimerFunds Inc. now owns 1,016,734 shares of the specialty chemicals company’s stock valued at $85,487,000 after buying an additional 971,651 shares during the period. Finally, Invesco Ltd. increased its holdings 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 valued at $313,429,000 after buying an additional 881,932 shares during the period. 74.54% of the stock is currently owned by hedge funds and other institutional investors.
About LyondellBasell Industries
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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