LyondellBasell Industries (LYB) to Release Quarterly Earnings on Friday

LyondellBasell Industries (NYSE:LYB) will announce its earnings results before the market opens on Friday, April 26th. Analysts expect the company to announce earnings of $1.48 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings results on Friday, February 2nd. The specialty chemicals company reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.33 by ($0.07). The firm had revenue of $9.93 billion for the quarter, compared to analysts’ expectations of $9.85 billion. LyondellBasell Industries had a net margin of 5.16% and a return on equity of 21.89%. The business’s quarterly revenue was down 6.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.29 EPS. On average, analysts expect LyondellBasell Industries to post $9 EPS for the current fiscal year and $10 EPS for the next fiscal year.

LyondellBasell Industries Stock Performance

NYSE LYB opened at $100.55 on Wednesday. The stock has a market capitalization of $32.72 billion, a PE ratio of 15.54, a P/E/G ratio of 1.24 and a beta of 1.19. The business has a 50 day simple moving average of $100.61 and a two-hundred day simple moving average of $96.36. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.84 and a quick ratio of 1.17. LyondellBasell Industries has a 1-year low of $84.80 and a 1-year high of $106.69.

LyondellBasell Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Monday, March 4th were issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 4.97%. The ex-dividend date was Friday, March 1st. LyondellBasell Industries’s dividend payout ratio is presently 77.28%.

Insider Activity

In other news, EVP Kenneth Todd Lane sold 29,229 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $99.19, for a total transaction of $2,899,224.51. Following the transaction, the executive vice president now owns 91,758 shares in the company, valued at $9,101,476.02. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, EVP Kenneth Todd Lane sold 29,229 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $99.19, for a total transaction of $2,899,224.51. Following the transaction, the executive vice president now owns 91,758 shares in the company, valued at $9,101,476.02. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Chukwuemeka A. Oyolu sold 7,084 shares of the firm’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $100.47, for a total value of $711,729.48. Following the transaction, the chief accounting officer now owns 27,575 shares in the company, valued at approximately $2,770,460.25. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 80,853 shares of company stock worth $8,077,267. Company insiders own 0.11% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on LYB. Royal Bank of Canada reiterated an “outperform” rating and issued a $107.00 target price on shares of LyondellBasell Industries in a report on Monday, February 5th. Vertical Research upgraded LyondellBasell Industries from a “hold” rating to a “buy” rating in a report on Wednesday, January 3rd. Wolfe Research began coverage on LyondellBasell Industries in a report on Friday, March 1st. They set an “underperform” rating on the stock. Wells Fargo & Company increased their price target on LyondellBasell Industries from $105.00 to $117.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Finally, Deutsche Bank Aktiengesellschaft lowered LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $105.00 price target on the stock. in a report on Wednesday, January 10th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $103.82.

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.