LyondellBasell Industries NV (NYSE:LYB) is scheduled to be announcing its earnings results before the market opens on Friday, July 28th. Analysts expect the company to announce earnings of $2.73 per share for the quarter.

LyondellBasell Industries NV (NYSE:LYB) last released its quarterly earnings data on Friday, April 28th. The specialty chemicals company reported $2.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.36 by $0.36. The business had revenue of $8.43 billion during the quarter, compared to the consensus estimate of $7.59 billion. LyondellBasell Industries NV had a net margin of 11.67% and a return on equity of 60.80%. LyondellBasell Industries NV’s quarterly revenue was up 25.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.48 EPS. On average, analysts expect LyondellBasell Industries NV to post $9.98 EPS for the current fiscal year and $9.06 EPS for the next fiscal year.

LyondellBasell Industries NV (LYB) traded down 0.45% during mid-day trading on Thursday, reaching $86.95. The company’s stock had a trading volume of 1,124,208 shares. The firm has a 50 day moving average price of $83.41 and a 200 day moving average price of $86.91. LyondellBasell Industries NV has a 52-week low of $71.55 and a 52-week high of $97.64. The company has a market cap of $35.02 billion, a price-to-earnings ratio of 9.95 and a beta of 1.05.

LyondellBasell Industries NV declared that its Board of Directors has authorized a share repurchase program on Wednesday, May 24th that allows the company to repurchase 1,000% of outstanding shares. This repurchase authorization allows the specialty chemicals company to reacquire shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

A number of equities analysts have recently weighed in on LYB shares. Bank of America Corporation downgraded LyondellBasell Industries NV from a “buy” rating to an “underperform” rating and cut their target price for the stock from $98.00 to $70.00 in a research note on Monday, May 8th. Vertical Research upgraded LyondellBasell Industries NV from a “hold” rating to a “buy” rating and set a $93.00 target price on the stock in a research note on Tuesday, May 9th. Instinet cut their target price on LyondellBasell Industries NV from $91.00 to $90.00 and set a “neutral” rating on the stock in a research note on Monday, May 1st. Citigroup Inc. restated an “overweight” rating on shares of LyondellBasell Industries NV in a research note on Friday, April 14th. Finally, Sanford C. Bernstein restated an “outperform” rating and issued a $110.00 target price on shares of LyondellBasell Industries NV in a research note on Wednesday, June 28th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $92.63.

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About LyondellBasell Industries NV

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.

Earnings History for LyondellBasell Industries NV (NYSE:LYB)

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