LyondellBasell Industries (LYB) Projected to Post Quarterly Earnings on Friday

LyondellBasell Industries (NYSE:LYB) will likely be releasing its earnings data before the market opens on Friday, January 31st. Analysts expect LyondellBasell Industries to post earnings of $1.28 per share and revenue of $9.73 billion for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings data on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.98 by ($0.10). LyondellBasell Industries had a net margin of 5.29% and a return on equity of 17.05%. The firm had revenue of $10.33 billion during the quarter, compared to analysts’ expectations of $10.60 billion. During the same quarter in the prior year, the firm posted $2.46 EPS. LyondellBasell Industries’s quarterly revenue was down 2.8% compared to the same quarter last year. On average, analysts expect LyondellBasell Industries to post $6 EPS for the current fiscal year and $8 EPS for the next fiscal year.

LyondellBasell Industries Stock Performance

Shares of LyondellBasell Industries stock opened at $77.89 on Thursday. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.13 and a quick ratio of 1.25. The stock has a market capitalization of $25.29 billion, a price-to-earnings ratio of 11.85, a price-to-earnings-growth ratio of 5.07 and a beta of 1.06. The business has a 50-day moving average of $76.85 and a 200 day moving average of $87.56. LyondellBasell Industries has a 12 month low of $72.21 and a 12 month high of $107.02.

LyondellBasell Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, December 2nd were paid a $1.34 dividend. This represents a $5.36 annualized dividend and a dividend yield of 6.88%. The ex-dividend date was Monday, December 2nd. LyondellBasell Industries’s payout ratio is 81.58%.

Insider Activity at LyondellBasell Industries

In other news, Director Robin W.T. Buchanan acquired 5,000 shares of the firm’s stock in a transaction dated Friday, December 13th. The stock was acquired at an average cost of $76.06 per share, with a total value of $380,300.00. Following the completion of the acquisition, the director now owns 18,175 shares of the company’s stock, valued at $1,382,390.50. The trade was a 37.95 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.11% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Royal Bank of Canada reduced their target price on shares of LyondellBasell Industries from $104.00 to $92.00 and set an “outperform” rating on the stock in a report on Thursday, December 19th. JPMorgan Chase & Co. reduced their price objective on LyondellBasell Industries from $100.00 to $90.00 and set an “overweight” rating on the stock in a research note on Friday, December 6th. Wells Fargo & Company cut their price target on LyondellBasell Industries from $105.00 to $95.00 and set an “overweight” rating on the stock in a report on Tuesday, December 10th. Barclays decreased their price objective on LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating for the company in a research note on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating on the stock in a research note on Monday, November 4th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $94.33.

About LyondellBasell Industries

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.