LyondellBasell Industries NV (NYSE:LYB) is scheduled to issue its quarterly earnings data 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 issued its quarterly earnings results on Friday, July 28th. The specialty chemicals company reported $2.82 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.68 by $0.14. The firm had revenue of $8.40 billion during the quarter, compared to the consensus estimate of $8.52 billion. LyondellBasell Industries NV had a return on equity of 60.87% and a net margin of 11.40%. The company’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same quarter last year, the company posted $2.56 EPS. On average, analysts expect LyondellBasell Industries NV to post $10.02 EPS for the current fiscal year and $9.35 EPS for the next fiscal year.
Shares of LyondellBasell Industries NV (NYSE:LYB) opened at 99.75 on Thursday. The stock’s 50 day moving average price is $97.31 and its 200-day moving average price is $87.99. The company has a market cap of $39.48 billion, a P/E ratio of 11.14 and a beta of 1.04. LyondellBasell Industries NV has a 12 month low of $76.71 and a 12 month high of $101.47.
Several analysts recently issued reports on the company. Deutsche Bank AG reiterated a “buy” rating and set a $94.00 target price (up previously from $90.00) on shares of LyondellBasell Industries NV in a research report on Monday, July 31st. Cowen and Company reiterated a “hold” rating and set a $90.00 target price on shares of LyondellBasell Industries NV in a research report on Wednesday, October 4th. Zacks Investment Research upgraded LyondellBasell Industries NV from a “hold” rating to a “buy” rating and set a $110.00 target price for the company in a research report on Thursday, October 12th. HSBC Holdings plc cut LyondellBasell Industries NV from a “buy” rating to a “hold” rating and set a $101.00 target price for the company. in a research report on Tuesday, October 10th. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $92.00 target price on shares of LyondellBasell Industries NV in a research report on Friday, July 14th. Two investment 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 stock. LyondellBasell Industries NV currently has an average rating of “Hold” and an average target price of $96.67.
In other news, Director Jagjeet S. Bindra sold 3,224 shares of the firm’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 Securities & Exchange Commission, which can be accessed through this hyperlink. 0.09% of the stock is owned by company insiders.
About LyondellBasell Industries NV
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.