LyondellBasell Industries (LYB) to Release Earnings on Friday

LyondellBasell Industries (NYSE:LYBGet Free Report) is anticipated to issue its quarterly earnings data before the market opens on Friday, January 31st. Analysts expect the company to announce earnings of $1.28 per share and revenue of $9,729,510.00 billion for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

LyondellBasell Industries (NYSE:LYBGet Free Report) 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). The company had revenue of $10.33 billion for the quarter, compared to analyst estimates of $10.60 billion. LyondellBasell Industries had a return on equity of 17.05% and a net margin of 5.29%. The business’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same period last year, the business earned $2.46 EPS. 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 LYB stock opened at $77.35 on Friday. LyondellBasell Industries has a 52 week low of $72.21 and a 52 week high of $107.02. The firm has a 50 day moving average of $77.23 and a 200-day moving average of $88.05. The company has a quick ratio of 1.25, a current ratio of 2.13 and a debt-to-equity ratio of 0.81. The company has a market cap of $25.12 billion, a price-to-earnings ratio of 11.77, a price-to-earnings-growth ratio of 5.12 and a beta of 1.06.

LyondellBasell Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, December 2nd were issued a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a dividend yield of 6.93%. The ex-dividend date was Monday, December 2nd. LyondellBasell Industries’s dividend payout ratio is currently 81.58%.

Wall Street Analysts Forecast Growth

LYB has been the subject of several research analyst reports. Piper Sandler reaffirmed a “neutral” rating and set a $95.00 target price (down from $112.00) on shares of LyondellBasell Industries in a research report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft decreased their price objective on LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating for the company in a report on Monday, November 4th. StockNews.com lowered LyondellBasell Industries from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. The Goldman Sachs Group reduced their target price on LyondellBasell Industries from $96.00 to $86.00 and set a “sell” rating for the company in a report on Thursday, December 12th. Finally, Morgan Stanley dropped their price target on LyondellBasell Industries from $110.00 to $90.00 and set an “overweight” rating for the company in a research report on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, LyondellBasell Industries has an average rating of “Hold” and an average target price of $94.33.

Read Our Latest Research Report on LyondellBasell Industries

Insiders Place Their Bets

In other news, Director Robin W.T. Buchanan purchased 5,000 shares of the business’s stock in a transaction on Friday, December 13th. The stock was acquired at an average price of $76.06 per share, for a total transaction of $380,300.00. Following the acquisition, the director now directly owns 18,175 shares of the company’s stock, valued at $1,382,390.50. This represents a 37.95 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.11% of the company’s stock.

LyondellBasell Industries Company Profile

(Get Free Report)

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.

See Also

Earnings History for LyondellBasell Industries (NYSE:LYB)

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