$2.81 EPS Expected for LyondellBasell Industries NV (NYSE:LYB) This Quarter

Equities analysts expect LyondellBasell Industries NV (NYSE:LYB) to report earnings per share (EPS) of $2.81 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 $3.03. LyondellBasell Industries reported earnings per share of $2.26 in the same quarter last year, which would indicate a positive year-over-year growth rate of 24.3%. The business is scheduled to announce its next quarterly earnings report on Friday, April 27th.

According to Zacks, analysts expect that LyondellBasell Industries will report full year earnings of $10.75 per share for the current financial year, with EPS estimates ranging from $10.19 to $11.25. For the next fiscal year, analysts forecast that the company will post earnings of $10.36 per share, with EPS estimates ranging from $9.32 to $11.20. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow LyondellBasell Industries.

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

A number of analysts have commented on LYB shares. Citigroup raised LyondellBasell Industries from a “neutral” rating to a “buy” rating and set a $120.00 price target for the company in a research report on Monday, December 18th. Zacks Investment Research raised LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $128.00 price target for the company in a research report on Tuesday, January 9th. Vertical Research cut LyondellBasell Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Morgan Stanley set a $130.00 price target on LyondellBasell Industries and gave the stock a “buy” rating in a research report on Friday, February 16th. Finally, Wells Fargo reaffirmed an “outperform” rating and set a $125.00 price target (up previously from $110.00) on shares of LyondellBasell Industries in a research report on Wednesday, January 17th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. LyondellBasell Industries presently has a consensus rating of “Hold” and an average price target of $108.24.

Several hedge funds have recently modified their holdings of the company. TCI Wealth Advisors Inc. increased its stake in shares of LyondellBasell Industries by 229.9% in the 4th quarter. TCI Wealth Advisors Inc. now owns 1,016 shares of the specialty chemicals company’s stock valued at $112,000 after purchasing an additional 708 shares in the last quarter. Fieldpoint Private Securities LLC purchased a new position in shares of LyondellBasell Industries in the 3rd quarter valued at about $109,000. CENTRAL TRUST Co increased its stake in shares of LyondellBasell Industries by 149.2% in the 4th quarter. CENTRAL TRUST Co now owns 1,144 shares of the specialty chemicals company’s stock valued at $126,000 after purchasing an additional 685 shares in the last quarter. SeaCrest Wealth Management LLC purchased a new position in shares of LyondellBasell Industries in the 4th quarter valued at about $134,000. Finally, Certified Advisory Corp purchased a new position in shares of LyondellBasell Industries in the 4th quarter valued at about $157,000. 75.13% of the stock is owned by institutional investors and hedge funds.

Shares of LyondellBasell Industries (LYB) opened at $104.55 on Monday. LyondellBasell Industries has a 52-week low of $78.01 and a 52-week high of $121.95. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.57 and a current ratio of 2.46. The company has a market capitalization of $41,250.86, a PE ratio of 8.53, a price-to-earnings-growth ratio of 1.08 and a beta of 1.12.

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 12th. Stockholders of record on Monday, March 5th were issued a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 3.83%. The ex-dividend date was Friday, March 2nd. This is a boost from LyondellBasell Industries’s previous quarterly dividend of $0.78. LyondellBasell Industries’s payout ratio is 32.65%.

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About LyondellBasell Industries

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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