LyondellBasell Industries (LYB) Set to Announce Earnings on Friday

LyondellBasell Industries (NYSE:LYB) is set to post its quarterly earnings results before the market opens on Friday, August 2nd. Analysts expect LyondellBasell Industries to post earnings of $2.32 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

LyondellBasell Industries Stock Up 1.2 %

NYSE:LYB opened at $99.46 on Thursday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.32 and a current ratio of 2.12. The company has a market cap of $32.39 billion, a PE ratio of 15.37, a PEG ratio of 1.20 and a beta of 1.09. LyondellBasell Industries has a 52-week low of $88.46 and a 52-week high of $107.02. The stock has a 50-day simple moving average of $96.07 and a 200 day simple moving average of $98.05.

LyondellBasell Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Monday, June 3rd were paid a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a yield of 5.39%. This is an increase from LyondellBasell Industries’s previous quarterly dividend of $1.25. The ex-dividend date was Monday, June 3rd. LyondellBasell Industries’s dividend payout ratio (DPR) is currently 82.84%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Citigroup lifted their price target on LyondellBasell Industries from $96.00 to $104.00 and gave the stock a “neutral” rating in a report on Wednesday, April 10th. Mizuho lifted their price objective on LyondellBasell Industries from $98.00 to $108.00 and gave the company a “neutral” rating in a report on Monday, April 29th. Deutsche Bank Aktiengesellschaft lifted their price objective on LyondellBasell Industries from $100.00 to $105.00 and gave the company a “hold” rating in a report on Tuesday, April 30th. Royal Bank of Canada lifted their price objective on LyondellBasell Industries from $107.00 to $113.00 and gave the company an “outperform” rating in a report on Monday, April 29th. Finally, Barclays lifted their price objective on LyondellBasell Industries from $100.00 to $104.00 and gave the company an “equal weight” rating in a report on Monday, May 6th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $105.17.

LyondellBasell Industries Company Profile

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.