LyondellBasell Industries (LYB) to Release Earnings on Friday

LyondellBasell Industries (NYSE:LYB) is anticipated to release 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. Parties that wish to listen to the company’s conference call can do so using this link.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings data on Friday, November 1st. The specialty chemicals company reported $1.88 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 business had revenue of $10.33 billion for the quarter, compared to analyst estimates of $10.60 billion. During the same quarter in the previous year, the firm posted $2.46 earnings per share. The business’s revenue was down 2.8% on a year-over-year basis. 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 Price Performance

NYSE:LYB opened at $77.89 on Thursday. The firm’s fifty day moving average is $76.85 and its two-hundred day moving average is $87.56. The firm has a market cap of $25.29 billion, a price-to-earnings ratio of 11.85, a PEG ratio of 5.07 and a beta of 1.06. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.25 and a current ratio of 2.13. LyondellBasell Industries has a one year low of $72.21 and a one year high of $107.02.

LyondellBasell Industries Dividend Announcement

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

Insider Buying and Selling

In other LyondellBasell Industries news, Director Robin W.T. Buchanan purchased 5,000 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were purchased at an average cost of $76.06 per share, for a total transaction of $380,300.00. Following the completion of the transaction, 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 position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. 0.11% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on LYB shares. Wells Fargo & Company decreased their price target on LyondellBasell Industries from $105.00 to $95.00 and set an “overweight” rating for the company in a report on Tuesday, December 10th. Mizuho decreased their target price on shares of LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating for the company in a research note on Monday, December 9th. StockNews.com lowered shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Morgan Stanley decreased their price objective on shares of LyondellBasell Industries from $110.00 to $90.00 and set an “overweight” rating for the company in a research report on Monday, January 13th. Finally, Barclays dropped their target price on LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Monday, November 4th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price 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.