LyondellBasell Industries (NYSE:LYB) Issues Earnings Results, Misses Expectations By $0.10 EPS

LyondellBasell Industries (NYSE:LYB) announced its quarterly earnings results on Friday. The specialty chemicals company reported $1.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.10), Briefing.com reports. LyondellBasell Industries had a return on equity of 17.05% and a net margin of 5.29%. The firm had revenue of $10.33 billion for the quarter, compared to analysts’ expectations of $10.60 billion. During the same period last year, the company posted $2.46 earnings per share. The business’s quarterly revenue was down 2.8% on a year-over-year basis.

LyondellBasell Industries Trading Down 2.7 %

LYB opened at $84.19 on Tuesday. LyondellBasell Industries has a one year low of $84.04 and a one year high of $107.02. The stock has a market capitalization of $27.37 billion, a PE ratio of 12.81, a P/E/G ratio of 1.64 and a beta of 1.08. The business’s 50 day moving average price is $93.28 and its 200 day moving average price is $95.88. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.25 and a current ratio of 2.13.

LyondellBasell Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 26th were issued a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a yield of 6.37%. The ex-dividend date was Monday, August 26th. LyondellBasell Industries’s dividend payout ratio is presently 81.58%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Royal Bank of Canada lowered their price target on shares of LyondellBasell Industries from $110.00 to $104.00 and set an “outperform” rating on the stock in a report on Monday. Mizuho cut their target price on shares of LyondellBasell Industries from $101.00 to $97.00 and set a “neutral” rating for the company in a research note on Monday. Evercore ISI upgraded shares of LyondellBasell Industries to a “hold” rating in a research report on Monday, August 5th. Barclays lowered their price objective on LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating on the stock in a report on Monday. Finally, UBS Group reduced their target price on LyondellBasell Industries from $106.00 to $101.00 and set a “neutral” rating for the company in a report on Tuesday, July 9th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $101.11.

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.