Analysts Set Expectations for LYB FY2028 Earnings

Key Points

• KeyCorp expects LyondellBasell to earn $6.40 per share in FY2028, below the current full-year consensus estimate of $9.20, and maintains a “Hold” rating.
• Analyst sentiment is mixed, with a consensus “Hold” rating and an average price target of $72.56; recent targets range from $72 to $98.
• LYB reported quarterly EPS of $4.30, beating estimates of $3.44, while revenue rose 19.8% year over year to $9.18 billion. The company also pays a quarterly dividend of $0.69, representing a 4.3% annualized yield.

LyondellBasell Industries N.V. (NYSE:LYB - Free Report) - Investment analysts at KeyCorp issued their FY2028 earnings estimates for LyondellBasell Industries in a research note issued to investors on Thursday, September 10th. KeyCorp analyst S. Tiano expects that the specialty chemicals company will post earnings per share of $6.40 for the year. KeyCorp has a "Hold" rating on the stock. The consensus estimate for LyondellBasell Industries' current full-year earnings is $9.20 per share.

Other equities research analysts have also issued reports about the company. Evercore boosted their target price on LyondellBasell Industries from $70.00 to $73.00 in a research report on Thursday, May 14th. Wells Fargo & Company upgraded LyondellBasell Industries from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $80.00 to $98.00 in a research report on Thursday, May 28th. Morgan Stanley dropped their price target on LyondellBasell Industries from $77.00 to $72.00 and set an "overweight" rating on the stock in a research note on Monday, July 20th. JPMorgan Chase & Co. upgraded LyondellBasell Industries from a "neutral" rating to an "overweight" rating and boosted their price objective for the stock from $75.00 to $80.00 in a report on Monday, August 3rd. Finally, Weiss Ratings lowered shares of LyondellBasell Industries from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Wednesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, LyondellBasell Industries has a consensus rating of "Hold" and a consensus target price of $72.56.

LyondellBasell Industries Stock Performance

LYB opened at $64.33 on Friday. The firm has a market cap of $20.78 billion, a PE ratio of -56.93, a P/E/G ratio of 0.18 and a beta of 0.31. The company has a quick ratio of 1.07, a current ratio of 1.64 and a debt-to-equity ratio of 1.05. The business has a fifty day simple moving average of $61.52 and a 200-day simple moving average of $66.00. LyondellBasell Industries has a fifty-two week low of $41.58 and a fifty-two week high of $83.94.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last posted its quarterly earnings results on Friday, July 31st. The specialty chemicals company reported $4.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.44 by $0.86. LyondellBasell Industries had a positive return on equity of 17.44% and a negative net margin of 1.13%.The company had revenue of $9.18 billion for the quarter, compared to analysts' expectations of $9.21 billion. During the same quarter in the prior year, the company earned $0.62 earnings per share. The firm's revenue was up 19.8% on a year-over-year basis.

Institutional Trading of LyondellBasell Industries

Several hedge funds and other institutional investors have recently modified their holdings of the business. Woodline Partners LP boosted its position in LyondellBasell Industries by 40.4% during the 1st quarter. Woodline Partners LP now owns 21,899 shares of the specialty chemicals company's stock worth $1,542,000 after acquiring an additional 6,297 shares during the period. Focus Partners Wealth increased its holdings in shares of LyondellBasell Industries by 35.4% in the 1st quarter. Focus Partners Wealth now owns 6,866 shares of the specialty chemicals company's stock valued at $483,000 after purchasing an additional 1,796 shares during the period. Baird Financial Group Inc. increased its holdings in shares of LyondellBasell Industries by 69.5% in the 2nd quarter. Baird Financial Group Inc. now owns 29,488 shares of the specialty chemicals company's stock valued at $1,706,000 after purchasing an additional 12,087 shares during the period. Cerity Partners LLC lifted its position in shares of LyondellBasell Industries by 13.9% in the second quarter. Cerity Partners LLC now owns 49,348 shares of the specialty chemicals company's stock worth $2,855,000 after purchasing an additional 6,032 shares in the last quarter. Finally, Daiwa Securities Group Inc. lifted its position in shares of LyondellBasell Industries by 9.9% in the second quarter. Daiwa Securities Group Inc. now owns 41,416 shares of the specialty chemicals company's stock worth $2,397,000 after purchasing an additional 3,715 shares in the last quarter. Institutional investors and hedge funds own 71.20% of the company's stock.

LyondellBasell Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Monday, August 24th were issued a $0.69 dividend. The ex-dividend date was Monday, August 24th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 4.3%. LyondellBasell Industries's dividend payout ratio is presently -244.25%.

About LyondellBasell Industries

LyondellBasell Industries N.V. NYSE: LYB is a global chemical company that produces plastics, chemicals and refined products used in packaging, transportation, construction, healthcare, electronics and other consumer and industrial applications. Its portfolio includes polyethylene, polypropylene, propylene oxide, oxyfuels, acetyls and other intermediate chemicals, as well as advanced polymer compounds and solutions.

The company operates across the petrochemical value chain, converting hydrocarbon feedstocks into materials and specialty products.

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