$8.81 Billion in Sales Expected for LyondellBasell Industries NV (LYB) This Quarter

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%.

Several research firms have commented on LYB. Wells Fargo & Co reaffirmed an “outperform” rating and set a $125.00 price objective (up from $110.00) on shares of LyondellBasell Industries in a research note on Wednesday. SunTrust Banks reaffirmed a “hold” rating and set a $96.00 price objective (up from $90.00) on shares of LyondellBasell Industries in a research note on Saturday, September 30th. Zacks Investment Research raised LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $128.00 price objective for the company in a research note on Tuesday, January 9th. Cowen upped their price objective on LyondellBasell Industries from $90.00 to $95.00 and gave the company a “market perform” rating in a research note on Monday, October 16th. Finally, Vertical Research downgraded LyondellBasell Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $103.74.

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.

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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.

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

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