Equities analysts predict that LyondellBasell Industries NV (NYSE:LYB) will post sales of $8.81 billion for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for LyondellBasell Industries’ earnings, with the highest sales estimate coming in at $9.05 billion and the lowest estimate coming in at $8.40 billion. LyondellBasell Industries reported sales of $7.75 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 13.7%. The company is expected to report its next earnings results before the market opens on Friday, February 2nd.
According to Zacks, analysts expect that LyondellBasell Industries will report full-year sales of $8.81 billion for the current year, with estimates ranging from $32.57 billion to $34.40 billion. For the next fiscal year, analysts forecast that the company will post sales of $33.08 billion per share, with estimates ranging from $31.06 billion to $34.86 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow LyondellBasell Industries.
LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings data on Friday, October 27th. The specialty chemicals company reported $2.41 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.43 by ($0.02). LyondellBasell Industries had a net margin of 11.32% and a return on equity of 58.13%.
LyondellBasell Industries (NYSE LYB) traded up $0.01 on Friday, reaching $116.89. The company’s stock had a trading volume of 2,248,300 shares, compared to its average volume of 1,625,158. The company has a current ratio of 2.40, a quick ratio of 1.49 and a debt-to-equity ratio of 1.16. The stock has a market cap of $46,380.00, a P/E ratio of 12.46, a PEG ratio of 1.37 and a beta of 1.08. LyondellBasell Industries has a 12-month low of $78.01 and a 12-month high of $118.13.
In related news, Director Jagjeet S. Bindra sold 1,574 shares of the firm’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $103.73, for a total value of $163,271.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.09% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Fiera Capital Corp grew its holdings in LyondellBasell Industries by 2.5% during the 2nd quarter. Fiera Capital Corp now owns 3,827 shares of the specialty chemicals company’s stock valued at $323,000 after buying an additional 94 shares during the last quarter. Thrivent Financial For Lutherans grew its holdings in LyondellBasell Industries by 3.2% during the 2nd quarter. Thrivent Financial For Lutherans now owns 12,541 shares of the specialty chemicals company’s stock valued at $1,058,000 after buying an additional 391 shares during the last quarter. Rafferty Asset Management LLC grew its holdings in LyondellBasell Industries by 19.7% during the 2nd quarter. Rafferty Asset Management LLC now owns 5,880 shares of the specialty chemicals company’s stock valued at $496,000 after buying an additional 967 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in LyondellBasell Industries during the 2nd quarter valued at $1,055,000. Finally, D.A. Davidson & CO. grew its holdings in LyondellBasell Industries by 4.2% during the 2nd quarter. D.A. Davidson & CO. now owns 10,870 shares of the specialty chemicals company’s stock valued at $917,000 after buying an additional 436 shares during the last quarter. 74.09% of the stock is owned by hedge funds and other institutional investors.
TRADEMARK VIOLATION NOTICE: “$8.81 Billion in Sales Expected for LyondellBasell Industries NV (LYB) This Quarter” was published by American Banking News and is the property of of American Banking News. If you are accessing this piece on another website, it was copied illegally and reposted in violation of U.S. and international trademark and copyright legislation. The original version of this piece can be viewed at https://www.americanbankingnews.com/2018/01/19/8-81-billion-in-sales-expected-for-lyondellbasell-industries-nv-lyb-this-quarter.html.
About LyondellBasell Industries
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.