LyondellBasell Industries (NYSE:LYB) Releases Earnings Results
LyondellBasell Industries (NYSE:LYB) reported quarterly earnings of $0.88 per share, missing analysts' expectations of $1.03. The company generated $2.33 billion in revenue, below the anticipated $2.60 billion, marking a 2.8% decline from the previous year. LyondellBasell's net margin was 5.68% with a return on equity of 18.63%. The firm also declared a quarterly dividend of $0.34 per share, yielding 6.19%. Analysts have mixed ratings on the stock, with a consensus rating of "Hold" and a target price of $33.
LyondellBasell Industries (NYSE:LYB - Get Free Report) issued its earnings results on Friday. The specialty chemicals company reported $1.88 EPS for the quarter, missing analysts' consensus estimates of $2.03 by ($0.15), Briefing.com reports. LyondellBasell Industries had a return on equity of 18.63% and a net margin of 5.68%. The company had revenue of $10.33 billion during the quarter, compared to analysts' expectations of $10.60 billion. During the same quarter in the previous year, the company earned $2.46 EPS. The firm's quarterly revenue was down 2.8% compared to the same quarter last year.
LyondellBasell Industries Trading Down 0.3 %
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LYB stock traded down $0.29 during trading on Friday, reaching $86.56. 2,468,922 shares of the stock 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 firm 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. The business has a 50 day moving average price of $93.56 and a 200-day moving average price of $96.04. LyondellBasell Industries has a 1 year low of $85.64 and a 1 year high of $107.02.
LyondellBasell Industries Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 26th were issued a dividend of $1.34 per share. The ex-dividend date of this dividend was Monday, August 26th. This represents a $5.36 annualized dividend and a dividend yield of 6.19%. LyondellBasell Industries's dividend payout ratio is presently 75.39%.
Analyst Upgrades and Downgrades
- FMC stock just set a new ceiling higher, 50% higher indeed
Several analysts recently commented on the stock. UBS Group dropped their price target on shares of LyondellBasell Industries from $106.00 to $101.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 9th. Royal Bank of Canada dropped their target price on LyondellBasell Industries from $112.00 to $110.00 and set an "outperform" rating on the stock in a research report on Friday, October 11th. Barclays lowered their price target on LyondellBasell Industries from $101.00 to $99.00 and set an "equal weight" rating on the stock in a research report on Monday, October 7th. JPMorgan Chase & Co. decreased their target price on LyondellBasell Industries from $113.00 to $110.00 and set an "overweight" rating on the stock in a research report on Friday, September 13th. Finally, Wells Fargo & Company dropped their price target on shares of LyondellBasell Industries from $117.00 to $110.00 and set an "overweight" rating on the stock in a research note on Monday, August 5th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $106.33.
Read Our Latest Analysis on LyondellBasell Industries
About LyondellBasell Industries
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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.
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