LyondellBasell Industries (NYSE:LYB) Releases Earnings Results, Misses Expectations By $0.15 EPS

LyondellBasell Industries (NYSE:LYB) issued its quarterly earnings data on Friday. The specialty chemicals company reported $1.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.03 by ($0.15), Briefing.com reports. LyondellBasell Industries had a net margin of 5.68% and a return on equity of 18.63%. The company had revenue of $10.33 billion during the quarter, compared to analysts’ expectations of $10.60 billion. During the same quarter last year, the firm posted $2.46 earnings per share. The firm’s quarterly revenue was down 2.8% on a year-over-year basis.

LyondellBasell Industries Stock Performance

Shares of LyondellBasell Industries stock traded down $0.29 during trading hours on Friday, hitting $86.56. 2,468,922 shares of the company were exchanged, compared to its average volume of 1,835,540. The company has a current ratio of 2.10, a quick ratio of 1.28 and a debt-to-equity ratio of 0.82. The business has a 50-day moving average of $93.56 and a 200-day moving average of $96.04. LyondellBasell Industries has a 1 year low of $85.64 and a 1 year high of $107.02. The stock has a market capitalization of $28.14 billion, a price-to-earnings ratio of 12.18, a P/E/G ratio of 1.65 and a beta of 1.07.

LyondellBasell Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 26th were paid a dividend of $1.34 per share. This represents a $5.36 annualized dividend and a yield of 6.19%. The ex-dividend date of this dividend was Monday, August 26th. LyondellBasell Industries’s dividend payout ratio is presently 75.39%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. lowered their price objective on shares of LyondellBasell Industries from $113.00 to $110.00 and set an “overweight” rating for the company in a research report on Friday, September 13th. Evercore ISI upgraded LyondellBasell Industries to a “hold” rating in a research note on Monday, August 5th. Royal Bank of Canada cut their target price on shares of LyondellBasell Industries from $112.00 to $110.00 and set an “outperform” rating on the stock in a research note on Friday, October 11th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of LyondellBasell Industries from $105.00 to $110.00 and gave the stock a “hold” rating in a report on Tuesday, August 6th. Finally, UBS Group dropped their target price on LyondellBasell Industries from $106.00 to $101.00 and set a “neutral” rating on the stock in a report on Tuesday, July 9th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $106.33.

About LyondellBasell Industries

LyondellBasell Industries N.V. operates as a chemical company in the United States, Germany, Mexico, Italy, Poland, France, Japan, China, the Netherlands, and internationally. The company operates in six segments: Olefins and PolyolefinsAmericas; Olefins and PolyolefinsEurope, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; Refining; and Technology.