NYSE:ALBAlbemarle Stock Price, Forecast & News

Albemarle's stock was trading at $70.07 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, ALB stock has increased by 11.2% and is now trading at $77.95. View which stocks have been most impacted by Coronavirus.

25 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Albemarle in the last year. There are currently 4 sell ratings, 14 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Albemarle.

Albemarle is scheduled to release its next quarterly earnings announcement on Wednesday, August 5th 2020. View our earnings forecast for Albemarle.

Albemarle will be holding an earnings conference call on Wednesday, August 5th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Albemarle Co. (NYSE:ALB) announced its quarterly earnings results on Wednesday, May, 6th. The specialty chemicals company reported $1.00 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.85 by $0.15. The specialty chemicals company earned $738.85 million during the quarter, compared to the consensus estimate of $769.26 million. Albemarle had a return on equity of 15.34% and a net margin of 14.50%. The company's quarterly revenue was down 11.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.23 earnings per share. View Albemarle's earnings history.

Albemarle announced a quarterly dividend on Tuesday, May 5th. Shareholders of record on Friday, June 12th will be paid a dividend of $0.385 per share on Wednesday, July 1st. This represents a $1.54 annualized dividend and a dividend yield of 1.98%. The ex-dividend date is Thursday, June 11th. View Albemarle's dividend history.

Albemarle issued an update on its second quarter 2020 After-Hours earnings guidance on Wednesday, May, 6th. The company provided EPS guidance of for the period. The company issued revenue guidance of $700-775 million, compared to the consensus revenue estimate of $775.7 million.

25 brokers have issued twelve-month target prices for Albemarle's stock. Their forecasts range from $39.50 to $116.00. On average, they anticipate Albemarle's share price to reach $74.54 in the next twelve months. This suggests that the stock has a possible downside of 4.4%. View analysts' price targets for Albemarle.

News headlines about ALB stock have been trending negative recently, InfoTrie reports. The research firm identifies positive and negative press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Albemarle earned a news sentiment score of -2.1 on InfoTrie's scale. They also assigned news coverage about the specialty chemicals company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the near term. View the latest news about Albemarle.

Albemarle saw a drop in short interest in the month of June. As of June 15th, there was short interest totaling 13,970,000 shares, a drop of 9.0% from the May 31st total of 15,360,000 shares. Based on an average daily trading volume, of 1,730,000 shares, the days-to-cover ratio is presently 8.1 days. Currently, 13.2% of the company's shares are sold short. View Albemarle's Current Options Chain.

Some companies that are related to Albemarle include Ecolab (ECL), Sherwin-Williams (SHW), International Flavors & Fragrances (IFF), Celanese (CE), RPM International (RPM), NewMarket (NEU), Ashland Global (ASH), W. R. Grace & Co (GRA), Quaker Chemical (KWR), Balchem (BCPC), PolyOne (POL), HB Fuller (FUL), Sensient Technologies (SXT), Stepan (SCL) and Innospec (IOSP). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Albemarle investors own include Intact Financial (IFC), Constellation Software (CSU), AutoCanada (ACQ), Alimentation Couche-Tard (ATD.B), AbbVie (ABBV), Vermilion Energy (VET), Wheaton Precious Metals (WPM), Rogers Communications (RCI), Open Text (OTEX) and Alibaba Group (BABA).

Albemarle trades on the New York Stock Exchange (NYSE) under the ticker symbol "ALB."

Albemarle's stock is owned by many different institutional and retail investors. Top institutional shareholders include Robecosam AG (0.14%), Envestnet Asset Management Inc. (0.10%), State of Alaska Department of Revenue (0.04%), Legacy Capital Partners Inc. (0.02%), HNP Capital LLC (0.01%) and Bangor Savings Bank (0.01%). Company insiders that own Albemarle stock include Deeanne J Marlow, Eric Norris, Karen G Narwold, Luther C Iv Kissam and Scott Tozier. View institutional ownership trends for Albemarle.

ALB stock was sold by a variety of institutional investors in the last quarter, including Robecosam AG, State of Alaska Department of Revenue, Municipal Employees Retirement System of Michigan, and Legacy Capital Partners Inc.. Company insiders that have sold Albemarle company stock in the last year include Karen G Narwold, Luther C Iv Kissam, and Scott Tozier. View insider buying and selling activity for Albemarle.

ALB stock was purchased by a variety of institutional investors in the last quarter, including Envestnet Asset Management Inc., HNP Capital LLC, Bangor Savings Bank, and Ellevest Inc.. Company insiders that have bought Albemarle stock in the last two years include Deeanne J Marlow, and Eric Norris. View insider buying and selling activity for Albemarle.

Shares of ALB can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of ALB stock can currently be purchased for approximately $77.95.

Albemarle has a market capitalization of $8.29 billion and generates $3.59 billion in revenue each year. The specialty chemicals company earns $533.23 million in net income (profit) each year or $6.04 on an earnings per share basis. Albemarle employs 6,000 workers across the globe.

The official website for Albemarle is www.albemarle.com.

Albemarle's mailing address is 4250 CONGRESS STREET SUITE 900, CHARLOTTE NC, 28209. The specialty chemicals company can be reached via phone at 980-299-5700 or via email at [email protected]