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.
About LyondellBasell Industries
LyondellBasell Industries N.V. operates as a chemical company worldwide. The company operates in six segments: Olefins and PolyolefinsAmericas; Olefins and PolyolefinsEurope, 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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