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

Brokerages expect LyondellBasell Industries (NYSE:LYB – Get 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:LYB – Get 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.

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