LyondellBasell Industries (NYSE:LYB – Get Free Report) issued its earnings results on Friday. The specialty chemicals company reported $1.88 EPS for the quarter, missing analysts’ consensus estimates of $2.03 by ($0.15), Briefing.com reports. LyondellBasell Industries had a return on equity of 18.63% and a net margin of 5.68%. The company had revenue of $10.33 billion during the quarter, compared to analysts’ expectations of $10.60 billion. During the same quarter in the previous year, the company earned $2.46 EPS. The firm’s quarterly revenue was down 2.8% compared to the same quarter last year.
LyondellBasell Industries Trading Down 0.3 %
LYB stock traded down $0.29 during trading on Friday, reaching $86.56. 2,468,922 shares of the stock were exchanged, compared to its average volume of 1,835,540. The company has a current ratio of 2.10, a quick ratio of 1.28 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $28.14 billion, a price-to-earnings ratio of 12.18, a P/E/G ratio of 1.65 and a beta of 1.07. The business has a 50 day moving average price of $93.56 and a 200-day moving average price of $96.04. LyondellBasell Industries has a 1 year low of $85.64 and a 1 year high of $107.02.
LyondellBasell Industries Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 26th were issued a dividend of $1.34 per share. The ex-dividend date of this dividend was Monday, August 26th. This represents a $5.36 annualized dividend and a dividend yield of 6.19%. LyondellBasell Industries’s dividend payout ratio is presently 75.39%.
Analyst Upgrades and Downgrades
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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.
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