|Bid||30.20 x 900|
|Ask||0.00 x 2200|
|Day's Range||32.69 - 33.38|
|52 Week Range||27.79 - 38.84|
|PE Ratio (TTM)||10.22|
|Forward Dividend & Yield||0.80 (2.63%)|
|1y Target Est||N/A|
A favourable economic condition has been a large driver of growth for companies in the materials industry. Hence an eye toward macroeconomic factors, such as demand for commodities, is necessaryRead More...
Shares of Olin Corporation (NYSE:OLN) will begin trading ex-dividend in 3 days. To qualify for the dividend check of $0.2 per share, investors must have owned the shares prior toRead More...
The Clayton, Missouri-based company said it had net income of 12 cents per share. Earnings, adjusted for restructuring costs and non-recurring costs, came to 15 cents per share. The results missed Wall ...
Chemical company LyondellBasell (LYB) announced its 1Q18 earnings on April 27, 2018. It reported adjusted EPS (earnings per share) of $3.11 compared to analysts’ estimate of $2.74.
LyondellBasell is set to announce its 1Q18 earnings on April 27 before the market opens. It will hold a conference call on the same day at 11:00 AM EST. In this series, we’ll look at LyondellBasell’s stock performance since its 4Q17 earnings. We’ll also look at analysts’ revenue and EPS (or earnings per share) estimates and the latest recommendations for the stock. Finally, we’ll compare LYB’s latest valuation against its peers and look at LYB’s short interest.
This could indicate that investors who seek to profit from falling equity prices are not currently targeting OLN. Over the last one-month, outflows of investor capital in ETFs holding OLN totaled $170 million.
Westlake Chemical’s (WLK) stock price has risen 4.3%, while LyondellBasell (LYB) and Olin (OLN) have fallen 4.2% and 14.6%, respectively, in the same period. Eastman Chemical’s strong performance is due to better-than-expected 4Q17 earnings. EMN reported 4Q17 adjusted earnings per share of $1.62 and reported revenue of $2.4 billion as compared to $2.2 billion in 4Q16 earnings.
EMN’s short interest has risen since the beginning of 2018. Its short interest had increased to 3.7% as of March 22, 2018. The trend suggests that as the prices increased, the short interest on EMN also increased, indicating that fresh shorts were initiated at higher price levels.
In 2017, Eastman Chemical had interest expenses of $241 million, a decline of 5.5% on a YoY (year-over-year) basis. The decrease in EMN’s interest expense was primarily due to the refinancing of certain public debt and repayment of the term loan in 2017. As EMN’s debt has fallen, EMN’s interest expense has correspondingly decreased.
It is part of a fresh wave of activism by public pensions in response to the outcry over gun violence after the deadly shootings at a high school in Parkland, Florida, in February.
The gun industry is struggling as sales fall during the Trump administration; meanwhile headline fears and issues of conscience mean there are few buyers for the businesses.
The increase in LYB’s interest expense was primarily the result of pretax charges of $113 million on $1 billion worth of senior notes carrying a 5% coupon rate. The company’s interest expense is expected to fall in 2018, as its debt levels have shown a declining trend. Note that LYB’s interest expense fell from $655 million in 2012 to $309 million in 2013 despite a rise in its debt.
A February 28, 2018, short interest report shows that LyondellBasell’s (LYB) short interest has fallen since the beginning of 2018. LyondellBasell reported strong 4Q17 earnings, and it’s poised to continue this positive momentum in the upcoming quarters. At the same time, LYB is set to acquire Schulman in an all-cash deal for $2.3 billion.
The latest numbers as of February 28, 2018, show that Olin’s (OLN) short interest could be rising again. This trend indicates that bearish sentiment in the stock could grow, and the stock’s price could decline. Its short interest had declined to ~1.2% on February 15, 2018. However, the latest report suggests that short interest in the stock is building again.
As Olin’s (OLN) debt increased, it’s natural for its interest expenses to increase. Although Olin’s debt has declined marginally since 2015, its interest expenses increased for the same period. The primary reason for the increase in Olin’s interest expense level is the increasing interest rates, as more than half of its debt is at a variable rate.