Wall Street analysts predict that LyondellBasell Industries NV (NYSE:LYB) will report $9.38 billion in sales for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for LyondellBasell Industries’ earnings, with estimates ranging from $8.24 billion to $10.13 billion. LyondellBasell Industries reported sales of $8.43 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 11.3%. The company is expected to issue its next earnings report on Friday, April 27th.
According to Zacks, analysts expect that LyondellBasell Industries will report full-year sales of $9.38 billion for the current year, with estimates ranging from $31.65 billion to $38.43 billion. For the next financial year, analysts expect that the firm will report sales of $35.21 billion per share, with estimates ranging from $31.34 billion to $38.50 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover LyondellBasell Industries.
LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings data on Friday, February 2nd. The specialty chemicals company reported $2.73 EPS for the quarter, topping the consensus estimate of $2.55 by $0.18. LyondellBasell Industries had a return on equity of 55.09% and a net margin of 14.15%. The company had revenue of $9.14 billion during the quarter, compared to the consensus estimate of $8.82 billion. During the same period last year, the company earned $1.94 EPS. LyondellBasell Industries’s revenue for the quarter was up 17.9% on a year-over-year basis.
A number of large investors have recently made changes to their positions in the business. TCI Wealth Advisors Inc. lifted its position in shares of LyondellBasell Industries by 229.9% during the 4th quarter. TCI Wealth Advisors Inc. now owns 1,016 shares of the specialty chemicals company’s stock valued at $112,000 after buying an additional 708 shares in the last quarter. Fieldpoint Private Securities LLC purchased a new position in shares of LyondellBasell Industries during the 3rd quarter valued at about $109,000. CENTRAL TRUST Co lifted its position in shares of LyondellBasell Industries by 149.2% during the 4th quarter. CENTRAL TRUST Co now owns 1,144 shares of the specialty chemicals company’s stock valued at $126,000 after buying an additional 685 shares in the last quarter. SeaCrest Wealth Management LLC purchased a new position in shares of LyondellBasell Industries during the 4th quarter valued at about $134,000. Finally, Oakworth Capital Inc. lifted its position in shares of LyondellBasell Industries by 47.5% during the 4th quarter. Oakworth Capital Inc. now owns 1,556 shares of the specialty chemicals company’s stock valued at $163,000 after buying an additional 501 shares in the last quarter. 73.21% of the stock is currently owned by institutional investors and hedge funds.
Shares of LyondellBasell Industries (NYSE:LYB) opened at $109.09 on Thursday. LyondellBasell Industries has a twelve month low of $78.01 and a twelve month high of $121.95. The company has a market capitalization of $42,834.44, a PE ratio of 10.63, a P/E/G ratio of 1.12 and a beta of 1.05. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.46 and a quick ratio of 1.57.
LyondellBasell Industries Company Profile
LyondellBasell Industries N.V. is a chemical company. The Company operates in five segments: Olefins and Polyolefins-Americas (O&P-Americas), Olefins and Polyolefins-Europe, Asia, International (O&P-EAI), Intermediates and Derivatives (I&D), Refining and Technology. The O&P-Americas segment produces and markets olefins and co-products, polyethylene and polypropylene.
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