NYSE:ALBAlbemarle Stock Price, Forecast & News

Albemarle's stock was trading at $70.07 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, ALB shares have increased by 22.9% and is now trading at $86.10. 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 earnings results on Wednesday, May, 6th. The specialty chemicals company reported $1.00 earnings per share for the quarter, beating analysts' consensus estimates of $0.85 by $0.15. The specialty chemicals company had revenue of $738.85 million for 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 revenue for the quarter was down 11.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.23 EPS. View Albemarle's earnings history.

Albemarle announced a quarterly dividend on Tuesday, July 14th. Investors of record on Friday, September 18th will be paid a dividend of $0.385 per share on Thursday, October 1st. This represents a $1.54 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date is Thursday, September 17th. View Albemarle's dividend history.

Albemarle updated its second quarter 2020 After-Hours earnings guidance on Wednesday, May, 6th. The company provided earnings per share (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 12 month target prices for Albemarle's stock. Their forecasts range from $39.50 to $116.00. On average, they expect Albemarle's share price to reach $74.54 in the next year. This suggests that the stock has a possible downside of 13.4%. View analysts' price targets for Albemarle.

News headlines about ALB stock have trended positive this week, according to InfoTrie. The research firm identifies negative and positive news coverage by analyzing more than six thousand blog and news sources in real-time. 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 media sentiment score of 2.1 on InfoTrie's scale. They also gave media coverage about the specialty chemicals company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the stock's share price in the next several days. View the latest news about Albemarle.

Albemarle saw a drop in short interest in 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 currently 8.1 days. Approximately 13.2% of the shares of the company 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), Quaker Chemical (KWR), W. R. Grace & Co (GRA), 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 Scout Investments Inc. (0.15%), Robecosam AG (0.14%), Envestnet Asset Management Inc. (0.10%), Moody National Bank Trust Division (0.04%), State of Alaska Department of Revenue (0.04%) and Legacy Capital Partners Inc. (0.02%). 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, Scout Investments Inc., IFM Investors Pty Ltd, Municipal Employees Retirement System of Michigan, New England Research & Management Inc., Capstone Financial Group Inc., and Moody National Bank Trust Division. 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 bought by a variety of institutional investors in the last quarter, including Envestnet Asset Management Inc., HNP Capital LLC, Icon Wealth Partners LLC, Veracity Capital LLC, Fulton Breakefield Broenniman LLC, Exane Derivatives, Bangor Savings Bank, and Reitz Capital Advisors LLC. 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 $86.10.

Albemarle has a market capitalization of $9.15 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]