LyondellBasell Industries (NYSE:LYB) Posts Earnings Results, Misses Estimates By $0.15 EPS

LyondellBasell Industries (NYSE:LYB) announced its quarterly earnings data on Friday. The specialty chemicals company reported $1.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $10.33 billion during the quarter, compared to analyst estimates of $10.60 billion. During the same quarter in the prior year, the company posted $2.46 EPS. The company’s quarterly revenue was down 2.8% compared to the same quarter last year.

LyondellBasell Industries Stock Performance

LyondellBasell Industries stock opened at $86.56 on Friday. The company has a current ratio of 2.10, a quick ratio of 1.28 and a debt-to-equity ratio of 0.82. LyondellBasell Industries has a 1 year low of $85.64 and a 1 year high of $107.02. The company has a market cap of $28.14 billion, a PE ratio of 12.17, a PEG ratio of 1.64 and a beta of 1.08. The company’s 50-day moving average is $93.56 and its two-hundred day moving average is $96.01.

LyondellBasell Industries Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts have recently issued reports on LYB shares. Wells Fargo & Company dropped their price objective on shares of LyondellBasell Industries from $117.00 to $110.00 and set an “overweight” rating for the company in a research note on Monday, August 5th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of LyondellBasell Industries from $105.00 to $110.00 and gave the company a “hold” rating in a research note on Tuesday, August 6th. UBS Group dropped their price objective on shares of LyondellBasell Industries from $106.00 to $101.00 and set a “neutral” rating for the company in a research note on Tuesday, July 9th. Evercore ISI raised shares of LyondellBasell Industries to a “hold” rating in a report on Monday, August 5th. Finally, JPMorgan Chase & Co. lowered their target price on shares of LyondellBasell Industries from $113.00 to $110.00 and set an “overweight” rating on the stock in a report on Friday, September 13th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus 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.