Brokers Set Expectations for LyondellBasell Industries NV’s Q2 2019 Earnings (NYSE:LYB)

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LyondellBasell Industries NV (NYSE:LYB) – Analysts at SunTrust Banks increased their Q2 2019 EPS estimates for shares of LyondellBasell Industries in a report issued on Monday, April 29th, according to Zacks Investment Research. SunTrust Banks analyst J. Sheehan now anticipates that the specialty chemicals company will post earnings of $3.03 per share for the quarter, up from their previous estimate of $2.32. SunTrust Banks also issued estimates for LyondellBasell Industries’ Q3 2019 earnings at $3.09 EPS, Q4 2019 earnings at $3.29 EPS, FY2019 earnings at $11.63 EPS and FY2020 earnings at $12.03 EPS.

A number of other research analysts have also recently commented on LYB. 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. Zacks Investment Research upgraded shares of LyondellBasell Industries from a “sell” rating to a “hold” rating in a research note on Friday, February 1st. BMO Capital Markets cut their price target on shares of LyondellBasell Industries from $97.00 to $95.00 and set a “market perform” rating for the company in a research note on Tuesday, February 5th. Dougherty & Co cut shares of LyondellBasell Industries from a “buy” rating to a “neutral” rating in a research note on Friday, February 22nd. Finally, restated a “buy” rating and set a $120.00 price target on shares of LyondellBasell Industries in a research note on Tuesday, February 12th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $115.19.

LYB traded down $1.65 during midday trading on Thursday, reaching $80.15. 1,588,659 shares of the company’s stock were exchanged, compared to its average volume of 2,506,312. The stock has a market cap of $29.90 billion, a price-to-earnings ratio of 7.11, a P/E/G ratio of 1.00 and a beta of 1.11. The company has a quick ratio of 0.83, a current ratio of 1.47 and a debt-to-equity ratio of 0.74. LyondellBasell Industries has a one year low of $77.52 and a one year high of $119.39.

LyondellBasell Industries (NYSE:LYB) last released its earnings results on Friday, April 26th. The specialty chemicals company reported $2.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.20 by $0.02. The business had revenue of $8.78 billion during the quarter, compared to analysts’ expectations of $9.47 billion. LyondellBasell Industries had a net margin of 11.24% and a return on equity of 38.05%. The firm’s revenue was down 10.1% on a year-over-year basis. During the same quarter last year, the company earned $3.11 earnings per share.

Several hedge funds and other institutional investors have recently bought and sold shares of LYB. First Command Bank increased its holdings in shares of LyondellBasell Industries by 64.4% in the first quarter. First Command Bank now owns 319 shares of the specialty chemicals company’s stock valued at $27,000 after purchasing an additional 125 shares in the last quarter. Kore Private Wealth LLC acquired a new stake in shares of LyondellBasell Industries in the first quarter valued at approximately $27,000. Destination Wealth Management acquired a new stake in shares of LyondellBasell Industries in the first quarter valued at approximately $28,000. Advisors Preferred LLC acquired a new stake in shares of LyondellBasell Industries in the fourth quarter valued at approximately $31,000. Finally, Berman Capital Advisors LLC acquired a new stake in shares of LyondellBasell Industries in the fourth quarter valued at approximately $31,000. 72.83% of the stock is owned by institutional investors.

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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