$14.35 Billion in Sales Expected for LyondellBasell Industries (NYSE:LYB) This Quarter

Brokerages expect LyondellBasell Industries (NYSE:LYBGet Rating) to report $14.35 billion in sales for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for LyondellBasell Industries’ earnings, with the lowest sales estimate coming in at $14.09 billion and the highest estimate coming in at $14.78 billion. LyondellBasell Industries reported sales of $11.56 billion in the same quarter last year, which indicates a positive year over year growth rate of 24.1%. The business is expected to report its next earnings report on Monday, January 1st.

On average, analysts expect that LyondellBasell Industries will report full-year sales of $54.10 billion for the current year, with estimates ranging from $49.07 billion to $56.60 billion. For the next fiscal year, analysts forecast that the firm will report sales of $49.32 billion, with estimates ranging from $38.35 billion to $53.78 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for LyondellBasell Industries.

LyondellBasell Industries (NYSE:LYBGet Rating) last released its earnings results on Friday, April 29th. The specialty chemicals company reported $4.00 EPS for the quarter, beating the consensus estimate of $3.48 by $0.52. LyondellBasell Industries had a net margin of 11.68% and a return on equity of 54.14%. The business had revenue of $13.16 billion during the quarter, compared to analyst estimates of $12.67 billion. During the same period in the prior year, the business earned $3.18 earnings per share. The business’s quarterly revenue was up 44.9% on a year-over-year basis.

Several analysts recently commented on the stock. Mizuho increased their target price on shares of LyondellBasell Industries from $125.00 to $132.00 in a research note on Tuesday, May 3rd. Barclays upped their price target on shares of LyondellBasell Industries from $125.00 to $130.00 in a research report on Monday, May 2nd. Zacks Investment Research downgraded shares of LyondellBasell Industries from a “hold” rating to a “sell” rating and set a $105.00 price target for the company. in a research report on Thursday, February 3rd. Bank of America downgraded shares of LyondellBasell Industries from a “neutral” rating to an “underperform” rating and upped their price target for the company from $107.00 to $108.00 in a research report on Tuesday, March 22nd. Finally, Piper Sandler downgraded shares of LyondellBasell Industries from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $119.00 to $115.00 in a research report on Monday, May 23rd. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $114.75.

Several institutional investors and hedge funds have recently made changes to their positions in LYB. Core Wealth Advisors Inc. acquired a new position in shares of LyondellBasell Industries during the 4th quarter worth $28,000. Newbridge Financial Services Group Inc. increased its stake in shares of LyondellBasell Industries by 418.5% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 337 shares of the specialty chemicals company’s stock worth $31,000 after purchasing an additional 272 shares during the last quarter. Covestor Ltd acquired a new position in LyondellBasell Industries in the 4th quarter valued at $31,000. EverSource Wealth Advisors LLC acquired a new position in LyondellBasell Industries in the 4th quarter valued at $34,000. Finally, NEXT Financial Group Inc grew its stake in LyondellBasell Industries by 145.3% in the 4th quarter. NEXT Financial Group Inc now owns 363 shares of the specialty chemicals company’s stock valued at $34,000 after buying an additional 215 shares during the last quarter. Institutional investors own 69.64% of the company’s stock.

LYB stock opened at $117.08 on Thursday. LyondellBasell Industries has a 12 month low of $84.17 and a 12 month high of $118.01. The firm has a market cap of $38.36 billion, a PE ratio of 6.67, a P/E/G ratio of 0.86 and a beta of 1.28. The firm has a 50 day simple moving average of $106.86 and a 200 day simple moving average of $99.45. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.76 and a quick ratio of 1.10.

The business also recently announced a special dividend, which will be paid on Monday, June 13th. Shareholders of record on Monday, June 6th will be given a $5.20 dividend. The ex-dividend date of this dividend is Friday, June 3rd. LyondellBasell Industries’s payout ratio is 25.74%.

About LyondellBasell Industries (Get Rating)

LyondellBasell Industries N.V. operates as a chemical company in the United States, Germany, Mexico, Italy, Poland, France, Japan, China, the Netherlands, and internationally. The company operates in six segments: Olefins and PolyolefinsAmericas; Olefins and PolyolefinsEurope, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; Refining; and Technology.

Further Reading

Get a free copy of the Zacks research report on LyondellBasell Industries (LYB)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for LyondellBasell Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LyondellBasell Industries and related companies with MarketBeat.com's FREE daily email newsletter.