Analysts expect over 2024 shrinking sales Lanxess

Lanxess will announce it's last quarter's results tomorrow. For this year the company from Keulen could earn a total revenue around 6.49 billion euros. This is according to the average of the analysts' estimates. This is slightly lower than 2023's revenue of 6.71 billion euros.

Historical revenues and results Lanxess plus estimates 2023

Lanxess Antwerp port North © Lanxess

The analysts expect for 2024 a net profit of 27 million euros. The majority of the analysts expects for this year a profit per share of 77 cent. So the price/earnings-ratio equals 33.35.

Analysts expect a dividend of 13 cents per share. The dividend yield is then 0.51 percent. The average dividend yield of the chemical companies equals an attractive 2.11 percent.

Newest target prices around 29 euros

Based on the current number of shares Lanxess's market capitalization equals 2.22 billion euros.

Historical stock prices Lanxess

On Wednesday the stock closed at 25.68 euros.

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