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NYSE:ALB - Albemarle Stock Price, Forecast & News

$55.02
-5.44 (-9.00 %)
(As of 03/29/2020 05:43 AM ET)
Today's Range
$54.75
Now: $55.02
$58.00
50-Day Range
$50.90
MA: $77.81
$94.31
52-Week Range
$48.89
Now: $55.02
$99.40
Volume2.44 million shs
Average Volume2.23 million shs
Market Capitalization$5.84 billion
P/E Ratio10.96
Dividend Yield2.55%
Beta1.34
Albemarle Corporation develops, manufactures, and markets engineered specialty chemicals worldwide. Its Lithium segment offers lithium compounds, including lithium carbonate, lithium hydroxide, lithium chloride, and value-added lithium specialties, as well as reagents, such as butyllithium and lithium aluminum hydride for applications in lithium batteries for consumer electronics and electric vehicles, high performance greases, thermoplastic elastomers for car tires, rubber soles, plastic bottles, catalysts for chemical reactions, organic synthesis processes, life science, pharmaceutical, and other markets. It also offers cesium products for the chemical and pharmaceutical industries; zirconium, barium, and titanium products for various pyrotechnical applications; technical services, such as the handling and use of reactive lithium products; and recycling services for lithium-containing by-products. The company's Bromine Specialties segment offers bromine and bromine-based solutions for fire safety, chemical synthesis, mercury control, water purification, beef and poultry processing, and other industrial applications, as well as oil and gas well drilling, and completion fluids applications; and tertiary amines, biocides, disinfectants, and sanitizers. Its Catalysts segment offers performance catalyst solutions comprising hydroprocessing catalysts together with isomerization and akylation catalysts; fluidized catalytic cracking catalysts and additives; and performance catalyst solutions comprising organometallics and curatives. It serves energy storage, petroleum refining, consumer electronics, construction, automotive, lubricants, pharmaceuticals, crop protection, and custom chemistry services markets. The company was founded in 1994 and is headquartered in Charlotte, North Carolina.
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Albemarle logo

Industry, Sector and Symbol

Industry Plastics materials & resins
Sub-IndustrySpecialty Chemicals
SectorBasic Materials
CUSIP01265310
Phone980-299-5700

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.59 billion
Cash Flow$7.35 per share
Book Value$38.61 per share

Profitability

Net Income$533.23 million

Miscellaneous

Employees6,000
Market Cap$5.84 billion
Next Earnings Date5/13/2020 (Estimated)
OptionableOptionable

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Albemarle (NYSE:ALB) Frequently Asked Questions

How has Albemarle's stock been impacted by COVID-19 (Coronavirus)?

Albemarle's stock was trading at $70.07 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, ALB shares have decreased by 21.5% and is now trading at $55.02. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Albemarle?

25 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Albemarle in the last year. There are currently 4 sell ratings, 12 hold ratings and 9 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Albemarle.

When is Albemarle's next earnings date?

Albemarle is scheduled to release its next quarterly earnings announcement on Wednesday, May 13th 2020. View our earnings forecast for Albemarle.

How were Albemarle's earnings last quarter?

Albemarle Co. (NYSE:ALB) announced its quarterly earnings data on Wednesday, February, 19th. The specialty chemicals company reported $1.73 earnings per share for the quarter, missing the consensus estimate of $1.75 by $0.02. The specialty chemicals company earned $992.60 million during the quarter, compared to the consensus estimate of $1.01 billion. Albemarle had a net margin of 14.86% and a return on equity of 16.12%. Albemarle's revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.53 EPS. View Albemarle's earnings history.

How often does Albemarle pay dividends? What is the dividend yield for Albemarle?

Albemarle declared a quarterly dividend on Friday, February 28th. Shareholders of record on Friday, March 13th will be paid a dividend of $0.385 per share on Wednesday, April 1st. This represents a $1.54 annualized dividend and a yield of 2.80%. The ex-dividend date is Thursday, March 12th. This is a positive change from Albemarle's previous quarterly dividend of $0.37. View Albemarle's dividend history.

What guidance has Albemarle issued on next quarter's earnings?

Albemarle issued an update on its FY20 earnings guidance on Wednesday, February, 19th. The company provided EPS guidance of $4.80-5.10 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.96. The company issued revenue guidance of $3.48-3.53, compared to the consensus revenue estimate of $3.53 billion.

What price target have analysts set for ALB?

25 Wall Street analysts have issued 12 month price objectives for Albemarle's stock. Their forecasts range from $39.50 to $116.00. On average, they expect Albemarle's stock price to reach $83.46 in the next year. This suggests a possible upside of 51.7% from the stock's current price. View analysts' price targets for Albemarle.

Has Albemarle been receiving favorable news coverage?

News coverage about ALB stock has trended somewhat positive recently, according to InfoTrie Sentiment. The research firm rates the sentiment of press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Albemarle earned a news impact score of 1.2 on InfoTrie's scale. They also assigned news headlines about the specialty chemicals company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View the latest news aboutAlbemarle.

Are investors shorting Albemarle?

Albemarle saw a decline in short interest in the month of February. As of February 28th, there was short interest totaling 15,840,000 shares, a decline of 6.9% from the February 13th total of 17,010,000 shares. Based on an average trading volume of 1,890,000 shares, the days-to-cover ratio is currently 8.4 days. Approximately 15.0% of the company's stock are short sold. View Albemarle's Current Options Chain.

Who are some of Albemarle's key competitors?

What other stocks do shareholders of Albemarle own?

Who are Albemarle's key executives?

Albemarle's management team includes the following people:
  • Mr. Luther C. Kissam IV, Chairman, Pres & CEO (Age 54)
  • Mr. Scott A. Tozier, Exec. VP & CFO (Age 53)
  • Mr. Donald J. LaBauve Jr., VP, Corp. Controller & Chief Accounting Officer (Age 52)
  • Ms. Karen G. Narwold, Exec. VP, Chief Admin. Officer, Gen. Counsel & Corp. Sec. (Age 59)
  • Mr. David Ryan, VP of Corp. Strategy & Investor Relations

What is Albemarle's stock symbol?

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

Who are Albemarle's major shareholders?

Albemarle's stock is owned by many different institutional and retail investors. Top institutional shareholders include Franklin Resources Inc. (8.80%), Franklin Resources Inc. (8.81%), State Street Corp (7.04%), Baillie Gifford & Co. (4.19%), Bank of New York Mellon Corp (2.32%) and Geode Capital Management LLC (1.58%). 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.

Which major investors are selling Albemarle stock?

ALB stock was sold by a variety of institutional investors in the last quarter, including Principal Financial Group Inc., Bank of America Corp DE, AXA, CIBC Private Wealth Group LLC, Janus Henderson Group PLC, Franklin Resources Inc., Franklin Resources Inc., and Handelsbanken Fonder AB. 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.

Which major investors are buying Albemarle stock?

ALB stock was bought by a variety of institutional investors in the last quarter, including Norges Bank, Eagle Asset Management Inc., State Street Corp, Bank of New York Mellon Corp, Amundi Pioneer Asset Management Inc., Nuveen Asset Management LLC, Baillie Gifford & Co., and Westwood Holdings Group 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.

How do I buy shares of 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.

What is Albemarle's stock price today?

One share of ALB stock can currently be purchased for approximately $55.02.

How big of a company is Albemarle?

Albemarle has a market capitalization of $5.84 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. View additional information about Albemarle.

What is Albemarle's official website?

The official website for Albemarle is http://www.albemarle.com/.

How can I contact Albemarle?

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]


MarketBeat Community Rating for Albemarle (NYSE ALB)

Community Ranking:  2.7 out of 5 (star star)
Outperform Votes:  675 (Vote Outperform)
Underperform Votes:  556 (Vote Underperform)
Total Votes:  1,231
MarketBeat's community ratings are surveys of what our community members think about Albemarle and other stocks. Vote "Outperform" if you believe ALB will outperform the S&P 500 over the long term. Vote "Underperform" if you believe ALB will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/29/2020 by MarketBeat.com Staff

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