LyondellBasell Industries (NYSE:LYB) Forecasted to Post Q3 2022 Earnings of $3.38 Per Share

LyondellBasell Industries (NYSE:LYBGet Rating) – Investment analysts at Jefferies Financial Group issued their Q3 2022 EPS estimates for shares of LyondellBasell Industries in a research report issued to clients and investors on Wednesday, September 14th. Jefferies Financial Group analyst L. Alexander anticipates that the specialty chemicals company will post earnings per share of $3.38 for the quarter. The consensus estimate for LyondellBasell Industries’ current full-year earnings is $15.90 per share. Jefferies Financial Group also issued estimates for LyondellBasell Industries’ Q4 2022 earnings at $1.38 EPS, FY2022 earnings at $13.95 EPS, FY2023 earnings at $13.90 EPS and FY2024 earnings at $10.65 EPS.

LyondellBasell Industries (NYSE:LYBGet Rating) last released its earnings results on Friday, July 29th. The specialty chemicals company reported $5.19 EPS for the quarter, beating the consensus estimate of $4.91 by $0.28. LyondellBasell Industries had a net margin of 10.19% and a return on equity of 49.41%. The company had revenue of $14.84 billion for the quarter, compared to analyst estimates of $13.70 billion. During the same quarter last year, the firm earned $6.13 EPS. The firm’s quarterly revenue was up 28.3% compared to the same quarter last year.

A number of other equities research analysts have also issued reports on the stock. Alembic Global Advisors lowered shares of LyondellBasell Industries from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $120.00 to $115.00 in a report on Tuesday, May 31st. Vertical Research lowered shares of LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $96.00 price target on the stock. in a report on Monday, August 1st. KeyCorp lowered shares of LyondellBasell Industries from a “sector weight” rating to an “underweight” rating and set a $73.00 price target on the stock. in a report on Monday, August 29th. Credit Suisse Group started coverage on shares of LyondellBasell Industries in a report on Monday, June 27th. They issued an “underperform” rating and a $70.00 price target on the stock. Finally, Wells Fargo & Company cut their price target on shares of LyondellBasell Industries from $115.00 to $100.00 and set an “overweight” rating on the stock in a report on Tuesday, September 13th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, LyondellBasell Industries has a consensus rating of “Hold” and a consensus price target of $101.95.

LyondellBasell Industries Price Performance

LYB stock opened at $77.15 on Monday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.01 and a current ratio of 1.68. LyondellBasell Industries has a 52 week low of $75.90 and a 52 week high of $117.22. The firm’s fifty day moving average is $86.04 and its 200 day moving average is $96.83. The firm has a market cap of $25.17 billion, a P/E ratio of 4.70, a P/E/G ratio of 0.59 and a beta of 1.27.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. WealthBridge Investment Counsel Inc. lifted its position in LyondellBasell Industries by 0.4% during the 1st quarter. WealthBridge Investment Counsel Inc. now owns 25,930 shares of the specialty chemicals company’s stock valued at $2,666,000 after acquiring an additional 100 shares during the period. Louisiana State Employees Retirement System lifted its position in LyondellBasell Industries by 0.6% during the 1st quarter. Louisiana State Employees Retirement System now owns 16,600 shares of the specialty chemicals company’s stock valued at $1,845,000 after acquiring an additional 100 shares during the period. SPC Financial Inc. lifted its position in LyondellBasell Industries by 2.1% during the 1st quarter. SPC Financial Inc. now owns 4,800 shares of the specialty chemicals company’s stock valued at $494,000 after acquiring an additional 100 shares during the period. City State Bank lifted its position in LyondellBasell Industries by 6.2% during the 1st quarter. City State Bank now owns 1,705 shares of the specialty chemicals company’s stock valued at $175,000 after acquiring an additional 100 shares during the period. Finally, Blair William & Co. IL lifted its position in LyondellBasell Industries by 1.0% during the 1st quarter. Blair William & Co. IL now owns 10,812 shares of the specialty chemicals company’s stock valued at $1,112,000 after acquiring an additional 107 shares during the period. 70.07% of the stock is owned by hedge funds and other institutional investors.

LyondellBasell Industries Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 6th. Investors of record on Monday, August 29th were given a dividend of $1.19 per share. This is a boost from LyondellBasell Industries’s previous quarterly dividend of $1.13. This represents a $4.76 dividend on an annualized basis and a yield of 6.17%. The ex-dividend date was Friday, August 26th. LyondellBasell Industries’s dividend payout ratio (DPR) is 29.01%.

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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Earnings History and Estimates for LyondellBasell Industries (NYSE:LYB)

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