Q1 2021 Earnings Estimate for LyondellBasell Industries Issued By KeyCorp (NYSE:LYB)

LyondellBasell Industries (NYSE:LYB) – Equities researchers at KeyCorp lowered their Q1 2021 earnings per share estimates for LyondellBasell Industries in a research report issued on Sunday, April 11th. KeyCorp analyst A. Yefremov now anticipates that the specialty chemicals company will earn $2.54 per share for the quarter, down from their previous forecast of $3.02. KeyCorp also issued estimates for LyondellBasell Industries’ Q2 2021 earnings at $4.57 EPS, Q3 2021 earnings at $3.87 EPS, Q4 2021 earnings at $3.42 EPS, FY2021 earnings at $14.40 EPS and FY2022 earnings at $12.26 EPS.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings data on Thursday, January 28th. The specialty chemicals company reported $2.19 EPS for the quarter, topping the consensus estimate of $1.36 by $0.83. The firm had revenue of $7.94 billion during the quarter, compared to analyst estimates of $7.06 billion. LyondellBasell Industries had a return on equity of 24.09% and a net margin of 4.23%. LyondellBasell Industries’s revenue was down 3.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.92 EPS.

A number of other brokerages have also issued reports on LYB. BNP Paribas lowered LyondellBasell Industries from a “neutral” rating to an “underperform” rating and set a $80.00 price target for the company. in a research note on Wednesday, January 6th. Argus upgraded LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $99.00 price target for the company in a research note on Tuesday, February 2nd. Alembic Global Advisors upgraded LyondellBasell Industries from a “neutral” rating to an “overweight” rating and set a $120.00 price target for the company in a research note on Monday, March 1st. Zacks Investment Research lowered LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $111.00 price target for the company. in a research note on Monday, April 5th. Finally, Morgan Stanley increased their price target on LyondellBasell Industries from $96.00 to $116.00 and gave the stock an “overweight” rating in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $87.59.

NYSE:LYB opened at $107.10 on Wednesday. The company has a debt-to-equity ratio of 1.88, a current ratio of 2.25 and a quick ratio of 1.41. The firm has a market capitalization of $35.79 billion, a price-to-earnings ratio of 30.43, a price-to-earnings-growth ratio of 1.58 and a beta of 1.55. LyondellBasell Industries has a one year low of $44.33 and a one year high of $112.73. The business has a fifty day moving average price of $105.87 and a 200-day moving average price of $90.88.

Several large investors have recently made changes to their positions in the stock. Sound Income Strategies LLC lifted its stake in LyondellBasell Industries by 40.5% in the fourth quarter. Sound Income Strategies LLC now owns 49,798 shares of the specialty chemicals company’s stock worth $4,564,000 after purchasing an additional 14,348 shares during the last quarter. Mn Services Vermogensbeheer B.V. grew its stake in shares of LyondellBasell Industries by 3.9% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 236,200 shares of the specialty chemicals company’s stock valued at $21,650,000 after buying an additional 8,900 shares during the last quarter. Old Port Advisors grew its stake in shares of LyondellBasell Industries by 3.6% during the fourth quarter. Old Port Advisors now owns 21,537 shares of the specialty chemicals company’s stock valued at $1,923,000 after buying an additional 742 shares during the last quarter. Sawtooth Solutions LLC grew its stake in shares of LyondellBasell Industries by 10.9% during the fourth quarter. Sawtooth Solutions LLC now owns 18,027 shares of the specialty chemicals company’s stock valued at $1,652,000 after buying an additional 1,771 shares during the last quarter. Finally, MidWestOne Financial Group Inc. bought a new position in shares of LyondellBasell Industries during the fourth quarter valued at approximately $360,000. 67.61% of the stock is owned by hedge funds and other institutional investors.

In related news, SVP Kimberly A. Foley sold 2,261 shares of the stock in a transaction dated Monday, February 22nd. The shares were sold at an average price of $103.50, for a total value of $234,013.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last ninety days, insiders sold 2,562 shares of company stock valued at $263,516. 0.18% of the stock is owned by insiders.

The firm also recently declared a quarterly dividend, which was paid on Monday, March 15th. Investors of record on Monday, March 8th were issued a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.92%. The ex-dividend date was Friday, March 5th. LyondellBasell Industries’s payout ratio is 43.66%.

About LyondellBasell Industries

LyondellBasell Industries NV engages in the refinery and production of plastic resins and other chemicals. It operates through the following segments: Olefins and Polyolefins-Americas; Olefins and Polyolefins-Europe, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; Refining; and Technology.

Featured Article: Dual Listing What You Need to Know

Earnings History and Estimates for LyondellBasell Industries (NYSE:LYB)

Receive News & Ratings for LyondellBasell Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LyondellBasell Industries and related companies with MarketBeat.com's FREE daily email newsletter.

Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit