LyondellBasell Industries NV (NYSE:LYB) will be announcing its earnings results before the market opens on Friday, October 27th. Analysts expect the company to announce earnings of $2.57 per share for the quarter.
LyondellBasell Industries NV (NYSE:LYB) last posted its quarterly earnings results on Friday, July 28th. The specialty chemicals company reported $2.82 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.68 by $0.14. LyondellBasell Industries NV had a return on equity of 60.87% and a net margin of 11.40%. The company had revenue of $8.40 billion during the quarter, compared to the consensus estimate of $8.52 billion. During the same period last year, the business earned $2.56 EPS. The business’s quarterly revenue was up 14.7% on a year-over-year basis. On average, analysts expect LyondellBasell Industries NV to post $9.99 EPS for the current fiscal year and $9.30 EPS for the next fiscal year.
Shares of LyondellBasell Industries NV (LYB) opened at 100.94 on Wednesday. The stock’s 50 day moving average price is $97.02 and its 200-day moving average price is $87.91. The stock has a market capitalization of $39.95 billion, a P/E ratio of 11.27 and a beta of 1.04. LyondellBasell Industries NV has a 1-year low of $76.71 and a 1-year high of $101.47.
In other LyondellBasell Industries NV news, Director Jagjeet S. Bindra sold 3,224 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $89.20, for a total value of $287,580.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.09% of the company’s stock.
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Several research analysts have recently weighed in on the company. Nomura reaffirmed a “hold” rating and set a $99.00 price objective (up from $90.00) on shares of LyondellBasell Industries NV in a research report on Tuesday, September 26th. SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $96.00 price objective (up from $90.00) on shares of LyondellBasell Industries NV in a research report on Saturday, September 30th. ValuEngine raised LyondellBasell Industries NV from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, September 6th. UBS AG upped their price objective on LyondellBasell Industries NV from $88.00 to $96.00 and gave the stock a “neutral” rating in a research report on Friday, October 13th. Finally, BidaskClub raised LyondellBasell Industries NV from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. LyondellBasell Industries NV currently has a consensus rating of “Hold” and an average price target of $96.67.
LyondellBasell Industries NV 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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