LyondellBasell Industries (NYSE:LYB) Releases Q2 Earnings Guidance

LyondellBasell Industries (NYSE:LYB) issued an update on its second quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $2.79-2.91 for the period, compared to the Thomson Reuters consensus estimate of $2.83.

NYSE:LYB traded down $0.01 during trading hours on Thursday, reaching $85.72. The company had a trading volume of 1,984,600 shares, compared to its average volume of 2,875,147. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.83 and a current ratio of 1.47. LyondellBasell Industries has a 52 week low of $73.94 and a 52 week high of $116.63. The stock has a market cap of $31.76 billion, a price-to-earnings ratio of 7.61, a price-to-earnings-growth ratio of 0.93 and a beta of 1.27. The company’s 50 day simple moving average is $84.43.

LyondellBasell Industries (NYSE:LYB) last posted its earnings results on Friday, April 26th. The specialty chemicals company reported $2.22 EPS for the quarter, topping analysts’ consensus estimates of $2.20 by $0.02. LyondellBasell Industries had a net margin of 11.24% and a return on equity of 38.05%. The business had revenue of $8.78 billion during the quarter, compared to the consensus estimate of $9.47 billion. During the same quarter in the previous year, the firm posted $3.11 EPS. The firm’s revenue was down 10.1% on a year-over-year basis. On average, equities research analysts predict that LyondellBasell Industries will post 10.45 earnings per share for the current year.

LYB has been the topic of several analyst reports. Jefferies Financial Group lifted their price target on shares of LyondellBasell Industries from $99.00 to $104.00 and gave the stock a buy rating in a research note on Tuesday, June 11th. Deutsche Bank reiterated a buy rating and set a GBX 430 ($5.62) price target on shares of in a research note on Monday, June 17th. Nomura cut shares of Infosys from a neutral rating to a reduce rating in a research note on Monday, April 15th. Bank of America set a $18.00 price target on shares of Victory Capital and gave the stock a buy rating in a research note on Tuesday, April 2nd. Finally, Alembic Global Advisors set a $120.00 price target on shares of LyondellBasell Industries and gave the stock a buy rating in a research note on Friday, April 26th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the stock. LyondellBasell Industries currently has an average rating of Hold and an average price target of $109.56.

About LyondellBasell Industries

LyondellBasell Industries N.V. operates as a chemical company worldwide. The company operates in six segments: Olefins and Polyolefins—Americas; Olefins and Polyolefins—Europe, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; Refining; and Technology. It produces and markets olefins and co-products; polyethylene products, which consist of high density polyethylene, low density polyethylene, and linear low density polyethylene; and polypropylene (PP) products, such as PP homopolymers and copolymers.

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

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