LyondellBasell Industries (NYSE:LYB – Get Free Report) posted its quarterly earnings data on Friday. The specialty chemicals company reported $2.24 earnings per share for the quarter, topping the consensus estimate of $2.23 by $0.01, RTT News reports. LyondellBasell Industries had a net margin of 5.20% and a return on equity of 19.31%. The company had revenue of $10.56 billion during the quarter, compared to analyst estimates of $10.44 billion. During the same quarter last year, the business posted $2.44 earnings per share. The company’s revenue was up 2.4% on a year-over-year basis.
LyondellBasell Industries Stock Performance
LYB stock opened at $94.39 on Friday. The company has a quick ratio of 1.32, a current ratio of 2.12 and a debt-to-equity ratio of 0.85. LyondellBasell Industries has a twelve month low of $88.46 and a twelve month high of $107.02. The business’s fifty day moving average is $96.00 and its 200-day moving average is $98.08. The company has a market cap of $30.74 billion, a P/E ratio of 14.59, a price-to-earnings-growth ratio of 1.21 and a beta of 1.09.
LyondellBasell Industries Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Monday, June 3rd were given a dividend of $1.34 per share. This is a boost from LyondellBasell Industries’s previous quarterly dividend of $1.25. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $5.36 annualized dividend and a dividend yield of 5.68%. LyondellBasell Industries’s payout ratio is presently 82.84%.
Analysts Set New Price Targets
Read Our Latest Stock Report on LyondellBasell Industries
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.
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