Jefferies Group Weighs in on LyondellBasell Industries NV’s Q1 2018 Earnings (LYB)

LyondellBasell Industries NV (NYSE:LYB) – Analysts at Jefferies Group issued their Q1 2018 earnings estimates for shares of LyondellBasell Industries in a research report issued on Friday. Jefferies Group analyst L. Alexander anticipates that the specialty chemicals company will post earnings per share of $2.74 for the quarter. Jefferies Group also issued estimates for LyondellBasell Industries’ Q2 2018 earnings at $2.95 EPS, Q3 2018 earnings at $2.87 EPS, Q4 2018 earnings at $2.69 EPS, FY2018 earnings at $11.25 EPS, FY2019 earnings at $9.75 EPS, FY2020 earnings at $10.20 EPS, FY2021 earnings at $11.00 EPS and FY2022 earnings at $11.65 EPS.

Several other analysts have also weighed in on the company. Citigroup raised LyondellBasell Industries from a “neutral” rating to a “buy” rating and set a $120.00 target price on the stock in a report on Monday, December 18th. Zacks Investment Research raised LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $128.00 target price on the stock in a report on Tuesday, January 9th. Vertical Research lowered LyondellBasell Industries from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. SunTrust Banks reissued a “hold” rating and issued a $100.00 target price on shares of LyondellBasell Industries in a report on Wednesday, November 1st. Finally, UBS Group upped their target price on LyondellBasell Industries from $96.00 to $102.00 and gave the company a “neutral” rating in a report on Monday, October 30th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $108.28.

LyondellBasell Industries (LYB) opened at $106.99 on Monday. The company has a current ratio of 2.46, a quick ratio of 1.57 and a debt-to-equity ratio of 0.96. The firm has a market capitalization of $42,200.00, a price-to-earnings ratio of 8.71, a P/E/G ratio of 1.12 and a beta of 1.05. LyondellBasell Industries has a twelve month low of $78.01 and a twelve month high of $121.95.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings data on Friday, February 2nd. The specialty chemicals company reported $2.73 earnings per share for the quarter, topping the Zacks’ 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 firm had revenue of $9.14 billion for the quarter, compared to analyst estimates of $8.82 billion. During the same quarter in the prior year, the company posted $1.94 earnings per share. LyondellBasell Industries’s quarterly revenue was up 17.9% on a year-over-year basis.

Several large investors have recently modified their holdings of LYB. Fieldpoint Private Securities LLC purchased a new stake in shares of LyondellBasell Industries in the third quarter valued at $109,000. TCI Wealth Advisors Inc. lifted its position in shares of LyondellBasell Industries by 229.9% in the fourth quarter. TCI Wealth Advisors Inc. now owns 1,016 shares of the specialty chemicals company’s stock valued at $112,000 after acquiring an additional 708 shares in the last quarter. CENTRAL TRUST Co lifted its position in shares of LyondellBasell Industries by 149.2% in the fourth quarter. CENTRAL TRUST Co now owns 1,144 shares of the specialty chemicals company’s stock valued at $126,000 after acquiring an additional 685 shares in the last quarter. SeaCrest Wealth Management LLC purchased a new stake in shares of LyondellBasell Industries in the fourth quarter valued at $134,000. Finally, Oakworth Capital Inc. lifted its position in shares of LyondellBasell Industries by 47.5% in the fourth quarter. Oakworth Capital Inc. now owns 1,556 shares of the specialty chemicals company’s stock valued at $163,000 after acquiring an additional 501 shares in the last quarter. Institutional investors and hedge funds own 74.28% of the company’s stock.

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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.

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

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