Albemarle Stock Forecast, Price & News

18 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Albemarle in the last year. There are currently 3 sell ratings, 3 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" Albemarle stock.
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18 Wall Street analysts have issued 12 month target prices for Albemarle's shares. Their ALB stock forecasts range from $185.00 to $368.00. On average, they anticipate Albemarle's stock price to reach $276.40 in the next twelve months. This suggests a possible upside of 34.7% from the stock's current price.
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Albemarle's stock was trading at $233.77 on January 1st, 2022. Since then, ALB stock has decreased by 12.2% and is now trading at $205.15.
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Albemarle is scheduled to release its next quarterly earnings announcement on Wednesday, August 3rd 2022.
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Albemarle Co. (NYSE:ALB) posted its quarterly earnings results on Wednesday, May, 4th. The specialty chemicals company reported $2.38 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.65. The specialty chemicals company had revenue of $1.13 billion for the quarter, compared to analysts' expectations of $1.03 billion. Albemarle had a trailing twelve-month return on equity of 10.35% and a net margin of 7.76%. Albemarle's revenue was up 36.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.10 EPS.
View Albemarle's earnings history.

Albemarle declared a quarterly dividend on Tuesday, May 3rd. Stockholders of record on Friday, June 10th will be given a dividend of $0.395 per share on Friday, July 1st. This represents a $1.58 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date is Thursday, June 9th.
View Albemarle's dividend history.

Albemarle(NYSE:ALB) pays an annual dividend of $1.58 per share and currently has a dividend yield of 0.77%. Albemarle has been increasing its dividend for 29 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Albemarle is 66.39%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Albemarle will have a dividend payout ratio of 10.17% next year. This indicates that Albemarle will be able to sustain or increase its dividend.
View Albemarle's dividend history.

Albemarle updated its FY 2022 earnings guidance on Monday, June, 20th. The company provided EPS guidance of $12.30-$15.00 for the period, compared to the consensus EPS estimate of $10.88. The company issued revenue guidance of $5.80 billion-$6.20 billion, compared to the consensus revenue estimate of $5.44 billion.

63 employees have rated Albemarle CEO Luther C. Kissam, IV on Glassdoor.com. Luther C. Kissam, IV has an approval rating of 75% among Albemarle's employees.

Some companies that are related to Albemarle include Sherwin-Williams (SHW), Ecolab (ECL), International Flavors & Fragrances (IFF), Celanese (CE), RPM International (RPM), Ashland Global (ASH), Balchem (BCPC), Sensient Technologies (SXT), H.B. Fuller (FUL), NewMarket (NEU), Quaker Chemical (KWR), Innospec (IOSP), Stepan (SCL), Minerals Technologies (MTX) and Chase (CCF).
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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), NVIDIA (NVDA), Rogers Communications (RCI) and Alibaba Group (BABA).

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

Shares of ALB can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ALB stock can currently be purchased for approximately $205.15.

Albemarle (NYSE:ALB) has a market capitalization of $24.03 billion and generates $3.33 billion in revenue each year. The specialty chemicals company earns $123.67 million in net income (profit) each year or $2.38 on an earnings per share basis.

Albemarle employs 6,000 workers across the globe.

Albemarle was founded in 1994.

Albemarle's mailing address is 4250 CONGRESS STREET SUITE 900, CHARLOTTE NC, 28209. The official website for Albemarle is www.albemarle.com. The specialty chemicals company can be reached via phone at (980) 299-5700, via email at invest@albemarle.com, or via fax at 225-388-7686.