Zacks: Analysts Expect LyondellBasell Industries NV (LYB) to Post $2.80 Earnings Per Share

Brokerages expect LyondellBasell Industries NV (NYSE:LYB) to report earnings per share (EPS) of $2.80 for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for LyondellBasell Industries’ earnings, with the lowest EPS estimate coming in at $2.67 and the highest estimate coming in at $2.97. LyondellBasell Industries reported earnings of $2.26 per share in the same quarter last year, which would indicate a positive year over year growth rate of 23.9%. The company is expected to issue its next quarterly earnings report before the market opens on Friday, April 27th.

According to Zacks, analysts expect that LyondellBasell Industries will report full year earnings of $10.72 per share for the current fiscal year, with EPS estimates ranging from $10.19 to $11.25. For the next year, analysts forecast that the business will report earnings of $10.39 per share, with EPS estimates ranging from $9.32 to $11.20. Zacks’ EPS averages are an average based on a survey of sell-side analysts that follow LyondellBasell Industries.

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LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings results on Friday, February 2nd. The specialty chemicals company reported $2.73 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.55 by $0.18. The company had revenue of $9.14 billion for the quarter, compared to analyst estimates of $8.82 billion. LyondellBasell Industries had a net margin of 14.15% and a return on equity of 55.09%. LyondellBasell Industries’s revenue for the quarter was up 17.9% on a year-over-year basis. During the same quarter last year, the business earned $1.94 EPS.

LYB has been the topic of a number of research analyst reports. Citigroup upgraded shares of LyondellBasell Industries from a “neutral” rating to a “buy” rating and set a $120.00 price target on the stock in a report on Monday, December 18th. Zacks Investment Research upgraded shares of LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $128.00 price target on the stock in a report on Tuesday, January 9th. Vertical Research lowered shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Morgan Stanley set a $130.00 price target on shares of LyondellBasell Industries and gave the company a “buy” rating in a report on Friday, February 16th. Finally, Wells Fargo reiterated an “outperform” rating and issued a $125.00 price target (up previously from $110.00) on shares of LyondellBasell Industries in a report on Wednesday, January 17th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $108.39.

In related news, Director Robin W.T. Buchanan bought 282 shares of the company’s stock in a transaction dated Thursday, September 13th. The stock was bought at an average price of $94.49 per share, with a total value of $26,646.18. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have purchased a total of 854 shares of company stock worth $79,915 in the last ninety days. 0.09% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in LYB. Amundi Pioneer Asset Management Inc. increased its position in shares of LyondellBasell Industries by 4,102.7% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 2,208,257 shares of the specialty chemicals company’s stock worth $243,615,000 after purchasing an additional 2,155,713 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of LyondellBasell Industries by 42.1% in the 4th quarter. Wells Fargo & Company MN now owns 2,486,577 shares of the specialty chemicals company’s stock worth $274,318,000 after purchasing an additional 736,109 shares during the last quarter. Renaissance Technologies LLC bought a new stake in shares of LyondellBasell Industries in the 4th quarter worth about $40,322,000. Glenmede Trust Co. NA increased its position in shares of LyondellBasell Industries by 45.7% in the 4th quarter. Glenmede Trust Co. NA now owns 1,100,603 shares of the specialty chemicals company’s stock worth $121,417,000 after purchasing an additional 345,286 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in shares of LyondellBasell Industries by 23.1% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,782,909 shares of the specialty chemicals company’s stock worth $196,691,000 after purchasing an additional 334,264 shares during the last quarter. 75.14% of the stock is owned by institutional investors.

Shares of LYB traded up $1.70 during mid-day trading on Thursday, reaching $106.24. The company had a trading volume of 1,194,014 shares, compared to its average volume of 2,372,597. The firm has a market cap of $40,655.08, a PE ratio of 10.39, a price-to-earnings-growth ratio of 1.07 and a beta of 1.09. LyondellBasell Industries has a fifty-two week low of $78.01 and a fifty-two week high of $121.95. The company has a quick ratio of 1.57, a current ratio of 2.46 and a debt-to-equity ratio of 0.96.

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LyondellBasell Industries Company Profile

LyondellBasell Industries N.V. is a chemical company. The Company operates in five segments: Olefins and Polyolefins-Americas (O&P-Americas), Olefins and Polyolefins-Europe, Asia, International (O&P-EAI), Intermediates and Derivatives (I&D), Refining and Technology. The O&P-Americas segment produces and markets olefins and co-products, polyethylene and polypropylene.

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

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