Albemarle Corporation Company Profile (NYSE:ALB)

About Albemarle Corporation (NYSE:ALB)

Albemarle Corporation logoAlbemarle Corporation is a global developer, manufacturer and marketer of highly-engineered specialty chemicals. The Company operates through three segments: Lithium and Advanced Materials, Bromine Specialties and Refining Solutions. Lithium and Advanced Materials segment consist of two product categories: Lithium and Performance Catalyst Solutions. The bromine and bromine-based business includes products used in fire safety solutions and other specialty chemicals applications. The Company serves various end markets, including petroleum refining, consumer electronics, energy storage, construction, automotive, lubricants, pharmaceuticals, crop protection, food safety and custom chemistry services. As of December 31, 2016, the Company and its joint ventures operated 31 production and research and development (R&D) facilities, as well as a number of administrative and sales offices, around the world.

Industry, Sector and Symbol:
  • Sector: Basic Materials
  • Industry: Commodity Chemicals
  • Sub-Industry: Specialty Chemicals
  • Symbol: NYSE:ALB
  • CUSIP: 01265310
  • Web: www.albemarle.com
Capitalization:
  • Market Cap: $15.55235 billion
  • Outstanding Shares: 110,472,000
Average Prices:
  • 50 Day Moving Avg: $132.60
  • 200 Day Moving Avg: $116.92
  • 52 Week Range: $76.32 - $141.40
P/E:
  • Trailing P/E Ratio: 17.72
  • Foreward P/E Ratio: 27.76
  • P/E Growth: 2.12
Sales & Book Value:
  • Annual Revenue: $2.81 billion
  • Price / Sales: 5.45
  • Book Value: $34.07 per share
  • Price / Book: 4.07
Dividend:
  • Annual Dividend: $1.28
  • Dividend Yield: 0.9%
Profitability:
  • EBITDA: $744.58 million
  • Net Margins: 31.49%
  • Return on Equity: 11.59%
  • Return on Assets: 5.42%
Debt:
  • Debt-to-Equity Ratio: 0.36%
  • Current Ratio: 2.24%
  • Quick Ratio: 1.67%
Misc:
  • Average Volume: 1.36 million shs.
  • Beta: 1.66
  • Short Ratio: 3.07
 

Frequently Asked Questions for Albemarle Corporation (NYSE:ALB)

What is Albemarle Corporation's stock symbol?

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

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

Albemarle Corporation announced a quarterly dividend on Monday, July 10th. Investors of record on Friday, September 15th will be given a dividend of $0.32 per share on Monday, October 2nd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date of this dividend is Thursday, September 14th. View Albemarle Corporation's Dividend History.

How were Albemarle Corporation's earnings last quarter?

Albemarle Corporation (NYSE:ALB) issued its quarterly earnings data on Monday, August, 7th. The company reported $1.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $1.11 by $0.02. The firm had revenue of $737.25 million for the quarter, compared to analysts' expectations of $735.50 million. Albemarle Corporation had a net margin of 31.49% and a return on equity of 11.59%. Albemarle Corporation's revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.93 earnings per share. View Albemarle Corporation's Earnings History.

When will Albemarle Corporation make its next earnings announcement?

Albemarle Corporation is scheduled to release their next quarterly earnings announcement on Wednesday, November, 8th 2017. View Earnings Estimates for Albemarle Corporation.

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

Albemarle Corporation issued an update on its FY17 earnings guidance on Monday, August, 7th. The company provided earnings per share guidance of $4.20-4.40 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.36. The company issued revenue guidance of $2.90-3.05 billion, compared to the consensus revenue estimate of $2.95 billion.

Where is Albemarle Corporation's stock going? Where will Albemarle Corporation's stock price be in 2017?

17 brokerages have issued twelve-month target prices for Albemarle Corporation's shares. Their predictions range from $36.00 to $157.00. On average, they expect Albemarle Corporation's stock price to reach $122.65 in the next year. View Analyst Ratings for Albemarle Corporation.

What are analysts saying about Albemarle Corporation stock?

Here are some recent quotes from research analysts about Albemarle Corporation stock:

  • 1. According to Zacks Investment Research, "Albemarle has outperformed the industry it belongs to over a year.  Albemarle remains focused on strengthening its lithium business. It is well placed to leverage strong expected growth in the battery-grade lithium market. The company should also gain from the synergies of Rockwood Holdings acquisition. Albemarle is also divesting non-core assets to boost growth opportunities and focus on its key businesses. Moreover, the company remains committed to deliver incremental returns to shareholders." (10/17/2017)
  • 2. UBS AG analysts commented, "Theme was 'potential 'drives everything ALB does'. Batteries store potential energy chemically, until needed to create electrical potential to power devices. Lithium chem. is the primary driver of ALB earnings growth. 2021 targets were introduced for 7-10% organic sales CAGR, primarily from lithium. Average EBITDA margins also targeted to reach 32-35% (vs. 29% 2017e), implying an EBITDA CAGR of 9%-15% (primarily from lithium, which improves margin mix)." (3/22/2017)
  • 3. Robert W. Baird analysts commented, "ALB introduced long-term revenue and EBITDA targets displaying strong lithium growth, and raised lithium market growth expectations given increasing electric vehicle and battery demand. Additionally, ALB remains well positioned in its catalyst and bromine businesses, which should provide cash flow for investment in expanded lithium production. We are confident in ALB's ability to ramp lithium production, and believe ALB is the best option to play a multiyear lithium growth cycle given ALB's resources and technical expertise. We remain buyers." (3/17/2017)
  • 4. Instinet analysts commented, "We see 4Q as confirmation of ALB's significant leverage to rising lithium pricing, with a majority of 30% q-q EBITDA growth in the segment attributed to price. Price will remain an important contributor in 2017 (+10- 15%) based on contracts already locked for 80% of the business. We do not expect price to be a major source of upside to expectations until 2018+. However, with Li contracts now accounting for three to five years of production, volume ramp is being de-risked as well. Management is now looking to extend contract duration to six to seven years where possible. We do not suggest that EBITDA is riskless, but we would argue that ALB's Lithium business now has a high degree of protection vs. a short-term supply/demand disruption. Ultimately, we believe Li demand will surprise to the upside over next 2-3 years. However, ALB has reasonable protection in case of S/D hiccups, such as major slowdown in the China EV market or new supply hitting the market sooner than expected. We raise our target price to $118 from $102. FY17E EPS at $4.20; FY18E EPS at $4.43." (3/1/2017)

Who are some of Albemarle Corporation's key competitors?

Who are Albemarle Corporation's key executives?

Albemarle Corporation's management team includes the folowing people:

  • Luther C. Kissam IV, Chairman, President and Chief Executive Officer
  • Scott A. Tozier, Chief Financial Officer, Executive Vice President
  • Karen G. Narwold, Executive Vice President, Chief Administrative Officer
  • Matthew K. Juneau, Executive Vice President, Corporate Strategy
  • Donald J. LaBauve Jr., Chief Accounting Officer, Vice President, Corporate Controller
  • Jimmy W. Nokes, Lead Independent Director
  • Laurie Brlas, Director
  • William H. Hernandez, Independent Director
  • Douglas L. Maine, Independent Director
  • Jerry Kent Masters, Independent Director

Who owns Albemarle Corporation stock?

Albemarle Corporation's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Robeco Institutional Asset Management B.V. (0.25%), APG Asset Management N.V. (0.15%), Barometer Capital Management Inc. (0.15%), Nationwide Fund Advisors (0.14%), BB&T Corp (0.04%) and Guild Investment Management Inc. (0.03%). Company insiders that own Albemarle Corporation stock include Donald J Jr Labauve, Douglas L Maine, John Sherman Jr, Karen G Narwold, Luther C Iv Kissam, Matthew Juneau and Scott Tozier. View Institutional Ownership Trends for Albemarle Corporation.

Who sold Albemarle Corporation stock? Who is selling Albemarle Corporation stock?

Albemarle Corporation's stock was sold by a variety of institutional investors in the last quarter, including BB&T Corp, State Treasurer State of Michigan, Nationwide Fund Advisors and Winslow Evans & Crocker Inc.. Company insiders that have sold Albemarle Corporation stock in the last year include Douglas L Maine, Karen G Narwold, Luther C Iv Kissam, Matthew Juneau and Scott Tozier. View Insider Buying and Selling for Albemarle Corporation.

Who bought Albemarle Corporation stock? Who is buying Albemarle Corporation stock?

Albemarle Corporation's stock was purchased by a variety of institutional investors in the last quarter, including Robeco Institutional Asset Management B.V., Barometer Capital Management Inc., Sumitomo Life Insurance Co., Quantitative Systematic Strategies LLC, Covenant Asset Management LLC, APG Asset Management N.V., Guild Investment Management Inc. and Westbourne Investment Advisors Inc.. View Insider Buying and Selling for Albemarle Corporation.

How do I buy Albemarle Corporation stock?

Shares of Albemarle Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Albemarle Corporation's stock price today?

One share of Albemarle Corporation stock can currently be purchased for approximately $138.53.


MarketBeat Community Rating for Albemarle Corporation (NYSE ALB)
Community Ranking:  2.9 out of 5 (star star)
Outperform Votes:  456 (Vote Outperform)
Underperform Votes:  333 (Vote Underperform)
Total Votes:  789
MarketBeat's community ratings are surveys of what our community members think about Albemarle Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Albemarle Corporation (NYSE:ALB) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 6 Hold Ratings, 11 Buy Ratings
Consensus Rating:Buy (Score: 2.65)
Consensus Price Target: $122.65 (11.47% downside)
Consensus Price Target History for Albemarle Corporation (NYSE:ALB)
Price Target History for Albemarle Corporation (NYSE:ALB)
Analysts' Ratings History for Albemarle Corporation (NYSE:ALB)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/24/2017Jefferies Group LLCReiterated RatingBuyN/AView Rating Details
10/18/2017Royal Bank Of CanadaReiterated RatingBuy$149.00N/AView Rating Details
10/16/2017KeyCorpBoost Price TargetBuy$125.00 -> $150.00N/AView Rating Details
10/16/2017Oppenheimer Holdings, Inc.Boost Price TargetOutperform$133.00 -> $157.00N/AView Rating Details
10/13/2017InstinetReiterated RatingBuy$146.00 -> $154.00N/AView Rating Details
10/10/2017NomuraBoost Price TargetBuy$146.00 -> $154.00N/AView Rating Details
10/6/2017Goldman Sachs Group, Inc. (The)DowngradeBuy -> Neutral$139.66 -> $142.00N/AView Rating Details
9/28/2017Loop CapitalInitiated CoverageBuy -> Buy$150.00HighView Rating Details
9/25/2017Robert W. BairdDowngradeOutperform -> Neutral$134.29 -> $135.00HighView Rating Details
8/17/2017CIBCInitiated CoverageOutperform -> Outperform$133.00LowView Rating Details
8/10/2017Vertical ResearchReiterated RatingHold$108.00 -> $109.00LowView Rating Details
8/9/2017SunTrust Banks, Inc.DowngradeBuy -> Hold$121.00MediumView Rating Details
7/7/2017AegisReiterated RatingBuyMediumView Rating Details
6/29/2017Piper Jaffray CompaniesReiterated RatingOverweight$47.00LowView Rating Details
6/29/2017Needham & Company LLCReiterated RatingBuy$36.00LowView Rating Details
5/25/2017Morgan StanleyLower Price TargetEqual Weight$100.00 -> $72.00LowView Rating Details
3/6/2017Citigroup Inc.DowngradeBuy -> Neutral$104.77 -> $112.00N/AView Rating Details
8/24/2016Deutsche Bank AGReiterated RatingBuyN/AView Rating Details
3/10/2016Seaport Global SecuritiesDowngradeAccumulate -> Neutral$59.00N/AView Rating Details
2/23/2016J P Morgan Chase & CoBoost Price TargetNeutral$50.00 -> $52.00N/AView Rating Details
(Data available from 10/24/2015 forward)

Earnings

Earnings History for Albemarle Corporation (NYSE:ALB)
Earnings by Quarter for Albemarle Corporation (NYSE:ALB)
Earnings History by Quarter for Albemarle Corporation (NYSE ALB)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
11/8/2017$1.07N/AView Earnings Details
8/7/2017Q2 2017$1.11$1.13$735.50 million$737.25 millionViewListenView Earnings Details
5/3/2017Q1 2017$0.95$1.05$678.74 million$722.06 millionViewListenView Earnings Details
2/27/2017Q416$0.73$0.78$642.68 million$696.70 millionViewListenView Earnings Details
11/7/2016Q316$0.81$0.91$645.81 million$654.00 millionViewListenView Earnings Details
8/3/2016Q216$1.00$1.09$860.40 million$669.30 millionViewListenView Earnings Details
5/10/2016Q116$0.86$1.12$821.64 million$865.40 millionViewListenView Earnings Details
2/17/2016Q415$0.83$1.03$891.88 million$930.40 millionViewListenView Earnings Details
11/4/2015Q315$0.89$0.90$950.25 million$905.10 millionViewListenView Earnings Details
8/5/2015Q215$0.82$0.84$940.65 million$931.50 millionViewListenView Earnings Details
5/6/2015Q115$0.71$1.17$913.20 million$884.40 millionViewListenView Earnings Details
1/28/2015Q414$1.01$0.99$638.76 million$598.00 millionViewListenView Earnings Details
10/22/2014Q314$1.02$1.14$617.70 million$642.40 millionViewListenView Earnings Details
7/30/2014Q214$1.09$1.10$646.75 million$604.70 millionViewListenView Earnings Details
4/16/2014Q114$0.95$0.96$655.87 million$656.70 millionViewListenView Earnings Details
1/29/2014Q413$1.21$1.08$688.58 million$692.00 millionViewListenView Earnings Details
10/17/2013Q313$1.08$1.09$655.97 million$648.80 millionViewListenView Earnings Details
7/17/2013Q2 2013$0.98$0.97$654.31 million$634.20 millionViewListenView Earnings Details
4/17/2013Q1 2013$1.02$0.93$681.09 million$641.60 millionViewListenView Earnings Details
1/22/2013Q4 2012$0.98$1.17$646.83 million$687.60 millionViewListenView Earnings Details
10/17/2012$1.11$1.10ViewN/AView Earnings Details
7/17/2012$1.22$1.24ViewN/AView Earnings Details
4/18/2012$1.16$1.20ViewN/AView Earnings Details
1/23/2012$1.09$1.11ViewN/AView Earnings Details
10/24/2011$1.18$1.28ViewN/AView Earnings Details
7/21/2011$1.12$1.23ViewN/AView Earnings Details
4/19/2011$0.96$1.15ViewN/AView Earnings Details
1/24/2011$0.88$0.92ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Albemarle Corporation (NYSE:ALB)
2017 EPS Consensus Estimate: $4.24
2018 EPS Consensus Estimate: $5.05
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20175$0.87$1.00$0.95
Q2 20175$1.02$1.18$1.11
Q3 20176$1.05$1.10$1.08
Q4 20176$1.04$1.17$1.11
Q1 20181$1.20$1.20$1.20
Q2 20181$1.25$1.25$1.25
Q3 20181$1.29$1.29$1.29
Q4 20181$1.31$1.31$1.31
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Albemarle Corporation (NYSE:ALB)
Most Recent Dividend:10/2/2017
Annual Dividend:$1.28
Dividend Yield:0.92%
Dividend Growth:9.40% (3 Year Average)
Payout Ratio:16.41% (Trailing 12 Months of Earnings)
29.36% (Based on This Year's Estimates)
25.65% (Based on Next Year's Estimates)
Track Record:13 Years of Consecutive Dividend Growth
Dividend Payments by Quarter for Albemarle Corporation (NYSE:ALB)

Dividend History by Quarter for Albemarle Corporation (NYSE ALB)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
7/10/2017quarterly$0.321.14%9/14/20179/15/201710/2/2017
5/11/2017quarterly$0.321.16%6/13/20176/15/20177/3/2017
2/23/2017quarterly$0.321.38%3/13/20173/15/20174/3/2017
11/3/2016quarterly$0.311.46%12/13/201612/15/20161/2/2017
7/11/2016quarterly$0.311.43%9/13/20169/15/201610/3/2016
5/10/2016quarterly$0.311.63%6/13/20166/15/20167/1/2016
2/26/2016quarterly$0.312.17%3/14/20163/16/20164/1/2016
10/5/2015quarterly$0.292.44%12/11/201512/15/20151/4/2016
7/9/2015quarterly$0.292.15%9/14/20159/16/201510/1/2015
5/6/2015quarterly$0.291.93%6/12/20156/16/20157/1/2015
5/5/2015quarterly$0.296/16/20156/1/2015
2/24/2015quarterly$0.292.06%3/12/20153/16/20154/1/2015
10/14/2014quarterly$0.282.04%12/11/201412/15/20141/2/2015
7/14/2014quarterly$0.281.57%9/11/20149/15/201410/1/2014
5/13/2014quarterly$0.281.59%6/11/20146/13/20147/1/2014
2/25/2014quarterly$0.281.68%3/12/20143/14/20144/1/2014
10/8/2013quarterly$0.241.52%12/11/201312/13/20131/2/2014
7/10/2013quarterly$0.241.48%9/11/20139/13/201310/1/2013
5/7/2013quarterly$0.241.51%6/12/20136/14/20137/1/2013
2/12/2013quarterly$0.241.45%3/13/20133/15/20134/1/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Albemarle Corporation (NYSE:ALB)
Insider Ownership Percentage: 0.74%
Institutional Ownership Percentage: 83.70%
Insider Trades by Quarter for Albemarle Corporation (NYSE:ALB)
Institutional Ownership by Quarter for Albemarle Corporation (NYSE:ALB)
Insider Trades by Quarter for Albemarle Corporation (NYSE:ALB)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
8/24/2017Matthew JuneauEVPSell5,397$115.77$624,810.69View SEC Filing  
8/23/2017Karen G NarwoldEVPSell11,500$115.95$1,333,425.00View SEC Filing  
7/7/2017Luther C Iv KissamChairmanSell50,000$110.08$5,504,000.00View SEC Filing  
7/7/2017Scott TozierCFOSell25,000$110.13$2,753,250.00View SEC Filing  
6/19/2017Douglas L MaineDirectorSell10,000$107.94$1,079,400.00View SEC Filing  
6/19/2017Karen G NarwoldEVPSell20,000$108.16$2,163,200.00View SEC Filing  
1/6/2017Karen G NarwoldEVPSell392$90.59$35,511.28View SEC Filing  
1/6/2017Luther C Iv KissamChairmanSell2,542$90.46$229,949.32View SEC Filing  
1/6/2017Scott TozierCFOSell1,057$90.62$95,785.34View SEC Filing  
12/6/2016Karen G NarwoldEVPSell10,000$86.11$861,100.00View SEC Filing  
8/24/2016Luther C Iv KissamCEOSell50,000$83.19$4,159,500.00View SEC Filing  
8/5/2016John Sherman JrDirectorSell4,300$82.09$352,987.00View SEC Filing  
5/12/2016Donald J Jr. LabauveCAOSell3,564$75.34$268,511.76View SEC Filing  
5/12/2016John Sherman JrDirectorSell2,025$75.73$153,353.25View SEC Filing  
5/12/2016Matthew JuneauSVPSell13,174$75.34$992,529.16View SEC Filing  
3/14/2016Karen G NarwoldSVPSell405$60.38$24,453.90View SEC Filing  
3/8/2016Scott TozierCFOSell556$58.89$32,742.84View SEC Filing  
3/1/2016Luther C Iv KissamCEOSell1,048$57.98$60,763.04View SEC Filing  
1/6/2016Karen G NarwoldSVPSell138$52.57$7,254.66View SEC Filing  
1/6/2016Scott TozierCFOSell190$52.55$9,984.50View SEC Filing  
9/1/2015Luther C. Iv KissamCEOBuy4,533$44.01$199,497.33View SEC Filing  
3/2/2015Luther C Iv KissamCEOSell1,075$56.36$60,587.00View SEC Filing  
2/11/2015James J /Ky ObrienDirectorBuy1,000$52.68$52,680.00View SEC Filing  
2/3/2015John Sherman JrDirectorBuy2,500$48.49$121,225.00View SEC Filing  
2/2/2015Jim W NokesDirectorBuy3,000$47.47$142,410.00View SEC Filing  
1/30/2015Douglas L MaineDirectorBuy7,847$48.48$380,422.56View SEC Filing  
9/12/2014Gerald A SteinerDirectorBuy1,000$64.21$64,210.00View SEC Filing  
8/1/2014D Michael WilsonSVPBuy5,000$61.29$306,450.00View SEC Filing  
2/25/2014Karen NarwoldVPSell2,200$64.41$141,702.00View SEC Filing  
2/25/2014Scott TozierCFOSell3,509$64.44$226,119.96View SEC Filing  
1/30/2014John Sherman, Jr.DirectorSell1,000$65.27$65,270.00View SEC Filing  
1/30/2014Matthew JuneauSVPSell5,000$64.84$324,200.00View SEC Filing  
1/8/2014Luther Iv KissamCEOSell3,180$64.41$204,823.80View SEC Filing  
1/8/2014Scott TozierCFOSell1,339$64.35$86,164.65View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Albemarle Corporation (NYSE:ALB)
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Albemarle Corporation (ALB) Chart for Tuesday, October, 24, 2017

This page was last updated on 10/24/2017 by MarketBeat.com Staff

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