Q1 2018 EPS Estimates for LyondellBasell Industries NV Cut by Analyst (LYB)

LyondellBasell Industries NV (NYSE:LYB) – SunTrust Banks cut their Q1 2018 earnings per share (EPS) estimates for LyondellBasell Industries in a report issued on Thursday, April 12th. SunTrust Banks analyst J. Sheehan now forecasts that the specialty chemicals company will post earnings of $2.95 per share for the quarter, down from their prior estimate of $3.03. SunTrust Banks currently has a “Hold” rating and a $105.00 target price on the stock. SunTrust Banks also issued estimates for LyondellBasell Industries’ Q2 2018 earnings at $2.56 EPS and Q3 2018 earnings at $2.42 EPS.

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LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings results on Friday, February 2nd. The specialty chemicals company reported $2.73 earnings per share (EPS) for the quarter, beating the 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 company had revenue of $9.14 billion for the quarter, compared to analysts’ expectations of $8.82 billion. During the same period last year, the firm earned $1.94 EPS. The firm’s revenue for the quarter was up 17.9% on a year-over-year basis.

Other equities analysts have also recently issued reports about the company. Citigroup upgraded LyondellBasell Industries from a “neutral” rating to a “buy” rating and set a $120.00 price target on the stock in a research report on Monday, December 18th. Morgan Stanley set a $130.00 price target on LyondellBasell Industries and gave the company a “buy” rating in a research report on Monday, February 5th. Zacks Investment Research upgraded LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $132.00 price target on the stock in a research report on Monday, February 5th. ValuEngine cut LyondellBasell Industries from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, April 3rd. Finally, Vertical Research cut LyondellBasell Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $108.39.

Shares of LYB stock opened at $103.04 on Monday. LyondellBasell Industries has a 1 year low of $78.01 and a 1 year high of $121.95. The firm has a market cap of $40,915.48, a PE ratio of 10.07, a PEG ratio of 1.07 and a beta of 1.09. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.57 and a current ratio of 2.46.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC boosted its position in shares of LyondellBasell Industries by 1.9% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 23,533 shares of the specialty chemicals company’s stock worth $2,769,000 after buying an additional 434 shares during the period. Covington Capital Management boosted its position in shares of LyondellBasell Industries by 40.7% in the fourth quarter. Covington Capital Management now owns 1,727 shares of the specialty chemicals company’s stock worth $191,000 after buying an additional 500 shares during the period. Oakworth Capital Inc. boosted 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 worth $163,000 after buying an additional 501 shares during the period. Advisor Partners LLC boosted its position in shares of LyondellBasell Industries by 10.1% in the fourth quarter. Advisor Partners LLC now owns 5,973 shares of the specialty chemicals company’s stock worth $716,000 after buying an additional 549 shares during the period. Finally, Gyroscope Capital Management Group LLC boosted its position in shares of LyondellBasell Industries by 1.0% in the fourth quarter. Gyroscope Capital Management Group LLC now owns 60,473 shares of the specialty chemicals company’s stock worth $6,671,000 after buying an additional 624 shares during the period. Institutional investors and hedge funds own 75.13% of the company’s stock.

In related news, Director Robin W.T. Buchanan bought 322 shares of the firm’s stock in a transaction that occurred on Wednesday, June 6th. The shares were acquired at an average cost of $81.86 per share, for a total transaction of $26,358.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders purchased a total of 854 shares of company stock worth $79,915 over the last 90 days. Insiders own 0.09% of the company’s stock.

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About LyondellBasell Industries

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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