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

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

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LyondellBasell (NYSE:LYB) last released its quarterly earnings data on Friday, February 2nd. The specialty chemicals company reported $2.73 earnings per share for the quarter, topping analysts’ consensus estimates of $2.55 by $0.18. LyondellBasell had a net margin of 14.15% and a return on equity of 55.09%. The company had revenue of $9.14 billion for the quarter, compared to analysts’ expectations of $8.82 billion. During the same quarter last year, the company earned $1.94 earnings per share. The firm’s revenue for the quarter was up 17.9% on a year-over-year basis.



LYB has been the topic of a number of other research reports. BMO Capital Markets started coverage on shares of LyondellBasell in a report on Tuesday, March 27th. They set an “outperform” rating and a $111.00 price objective on the stock. Morgan Stanley set a $130.00 price objective on shares of LyondellBasell and gave the stock a “buy” rating in a report on Friday, February 16th. Royal Bank of Canada reissued a “hold” rating and set a $119.00 price objective on shares of LyondellBasell in a report on Thursday, January 25th. Barclays lifted their target price on shares of LyondellBasell from $115.00 to $125.00 and gave the company an “overweight” rating in a report on Monday, February 5th. Finally, Zacks Investment Research cut shares of LyondellBasell from a “buy” rating to a “hold” rating in a report on Tuesday, April 17th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $108.39.

LYB stock opened at $105.94 on Monday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.57 and a current ratio of 2.46. LyondellBasell has a twelve month low of $78.01 and a twelve month high of $121.95. The company has a market cap of $42,738.34, a price-to-earnings ratio of 10.60, a P/E/G ratio of 1.12 and a beta of 1.09.

Large investors have recently bought and sold shares of the stock. Segment Wealth Management LLC grew its position in LyondellBasell by 2.6% in the 4th quarter. Segment Wealth Management LLC now owns 37,514 shares of the specialty chemicals company’s stock valued at $4,138,000 after buying an additional 959 shares during the last quarter. Renaissance Technologies LLC purchased a new position in LyondellBasell in the 4th quarter valued at $40,322,000. Toronto Dominion Bank grew its position in LyondellBasell by 13.0% in the 4th quarter. Toronto Dominion Bank now owns 140,715 shares of the specialty chemicals company’s stock valued at $15,523,000 after buying an additional 16,228 shares during the last quarter. Rhumbline Advisers grew its position in LyondellBasell by 1.5% in the 4th quarter. Rhumbline Advisers now owns 536,219 shares of the specialty chemicals company’s stock valued at $59,156,000 after buying an additional 8,004 shares during the last quarter. Finally, LPL Financial LLC grew its position in LyondellBasell by 33.5% in the 4th quarter. LPL Financial LLC now owns 45,685 shares of the specialty chemicals company’s stock valued at $5,040,000 after buying an additional 11,452 shares during the last quarter. Hedge funds and other institutional investors own 75.06% of the company’s stock.

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LyondellBasell Company Profile

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.

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Earnings History and Estimates for LyondellBasell (NYSE:LYB)

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