LyondellBasell Industries (LYB) to Release Earnings on Friday

LyondellBasell Industries (NYSE:LYB) 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) 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

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 26th were given a dividend of $1.34 per share. The ex-dividend date was Monday, August 26th. This represents a $5.36 dividend on an annualized basis and a yield of 6.15%. LyondellBasell Industries’s dividend payout ratio is currently 75.39%.

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.

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.