LyondellBasell Industries (NYSE:LYB – Get Free Report) will post its quarterly earnings results before the market opens on Friday, November 1st. Analysts expect the company to announce earnings of $2.24 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.
LyondellBasell Industries (NYSE:LYB – Get Free Report) last posted its quarterly earnings results on Friday, August 2nd. The specialty chemicals company reported $2.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.23 by $0.01. The firm had revenue of $10.56 billion for the quarter, compared to analysts’ expectations of $10.44 billion. LyondellBasell Industries had a net margin of 5.68% and a return on equity of 18.63%. The firm’s quarterly revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the company posted $2.44 earnings per share. On average, analysts expect LyondellBasell Industries to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.
LyondellBasell Industries Stock Down 0.0 %
NYSE:LYB opened at $87.14 on Thursday. The stock has a 50-day simple moving average of $93.98 and a 200 day simple moving average of $96.20. LyondellBasell Industries has a one year low of $86.74 and a one year high of $107.02. The company has a market capitalization of $28.33 billion, a price-to-earnings ratio of 12.26, a price-to-earnings-growth ratio of 1.69 and a beta of 1.07. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.28 and a current ratio of 2.10.
LyondellBasell Industries Announces Dividend
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on LYB shares. Deutsche Bank Aktiengesellschaft upped their price objective on shares of LyondellBasell Industries from $105.00 to $110.00 and gave the stock a “hold” rating in a report on Tuesday, August 6th. Wells Fargo & Company decreased their price objective on shares of LyondellBasell Industries from $117.00 to $110.00 and set an “overweight” rating for the company in a research note on Monday, August 5th. Barclays lowered their target price on LyondellBasell Industries from $101.00 to $99.00 and set an “equal weight” rating on the stock in a research note on Monday, October 7th. UBS Group reduced their price objective on LyondellBasell Industries from $106.00 to $101.00 and set a “neutral” rating for the company in a research report on Tuesday, July 9th. Finally, JPMorgan Chase & Co. reduced their target price on shares of LyondellBasell Industries from $113.00 to $110.00 and set an “overweight” rating for the company in a research note on Friday, September 13th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $106.33.
View Our Latest Stock Report on LYB
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.
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