LyondellBasell Industries (LYB) Scheduled to Post Earnings on Friday

LyondellBasell Industries (NYSE:LYB) is scheduled to be releasing its earnings data before the market opens on Friday, April 26th. Analysts expect LyondellBasell Industries to post earnings of $1.48 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

LyondellBasell Industries (NYSE:LYB) last issued its earnings results on Friday, February 2nd. The specialty chemicals company reported $1.26 EPS for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.07). The firm had revenue of $9.93 billion during the quarter, compared to analysts’ expectations of $9.85 billion. LyondellBasell Industries had a net margin of 5.16% and a return on equity of 21.89%. LyondellBasell Industries’s quarterly revenue was down 6.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.29 EPS. On average, analysts expect LyondellBasell Industries to post $9 EPS for the current fiscal year and $10 EPS for the next fiscal year.

LyondellBasell Industries Price Performance

Shares of LYB opened at $100.78 on Thursday. The business’s 50-day moving average is $100.74 and its two-hundred day moving average is $96.39. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.17 and a current ratio of 1.84. The company has a market capitalization of $32.80 billion, a P/E ratio of 15.58, a P/E/G ratio of 1.24 and a beta of 1.19. LyondellBasell Industries has a fifty-two week low of $84.80 and a fifty-two week high of $106.69.

LyondellBasell Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Monday, March 4th were given a dividend of $1.25 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $5.00 annualized dividend and a yield of 4.96%. LyondellBasell Industries’s dividend payout ratio is presently 77.28%.

Analysts Set New Price Targets

LYB has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft lowered shares of LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $105.00 price target for the company. in a report on Wednesday, January 10th. Vertical Research raised LyondellBasell Industries from a “hold” rating to a “buy” rating in a research note on Wednesday, January 3rd. Wolfe Research initiated coverage on LyondellBasell Industries in a report on Friday, March 1st. They issued an “underperform” rating for the company. Wells Fargo & Company lifted their price target on LyondellBasell Industries from $105.00 to $117.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Finally, Citigroup boosted their price target on shares of LyondellBasell Industries from $96.00 to $104.00 and gave the company a “neutral” rating in a research report on Wednesday, April 10th. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $103.82.

Insiders Place Their Bets

In other news, CFO Michael C. Mcmurray sold 16,940 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $100.84, for a total transaction of $1,708,229.60. Following the sale, the chief financial officer now owns 88,858 shares of the company’s stock, valued at approximately $8,960,440.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Michael C. Mcmurray sold 16,940 shares of LyondellBasell Industries stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $100.84, for a total transaction of $1,708,229.60. Following the completion of the sale, the chief financial officer now owns 88,858 shares in the company, valued at approximately $8,960,440.72. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Kenneth Todd Lane sold 29,229 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $99.19, for a total value of $2,899,224.51. Following the sale, the executive vice president now owns 91,758 shares in the company, valued at approximately $9,101,476.02. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 80,853 shares of company stock worth $8,077,267. Company insiders own 0.11% of the company’s stock.

LyondellBasell Industries Company Profile

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.