NYSE:ALB - Albemarle Stock Price, News, & Analysis

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$89.26 +6.45 (+7.79 %)
(As of 02/21/2019 04:00 PM ET)
Previous Close$82.81
Today's Range$85.83 - $92.00
52-Week Range$71.89 - $118.83
Volume5.50 million shs
Average Volume1.64 million shs
Market Capitalization$9.48 billion
P/E Ratio19.45
Dividend Yield1.62%
Beta1.6
Albemarle Corporation develops, manufactures, and markets engineered specialty chemicals worldwide. Its Lithium and Advanced Materials segment offers lithium compounds, including lithium carbonate, lithium hydroxide, lithium chloride, and lithium specialties, as well as reagents, such as butyllithium and lithium aluminum hydride for applications in lithium batteries for consumer electronics and automobiles, 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 markets; 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. In addition, this segment offers performance catalyst solutions comprising organometallics, polymer catalysts, and curatives for polyolefin polymers, packaging, non-packaging, films, injection molding, alpha-olefins, polyurethanes, epoxies, and engineered resins markets. Its 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 Refining Solutions segment offers clean fuels technologies, which is primarily composed of hydroprocessing catalysts; and fluidized catalytic cracking catalysts and additives for refining industry. 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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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$3.07 billion
Cash Flow$6.9247 per share
Book Value$34.55 per share

Profitability

Net Income$54.85 million

Miscellaneous

Employees5,400
Market Cap$9.48 billion
Next Earnings Date5/8/2019 (Estimated)
OptionableOptionable

Albemarle (NYSE:ALB) Frequently Asked Questions

What is Albemarle's stock symbol?

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

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

Albemarle declared a quarterly dividend on Tuesday, October 30th. Shareholders of record on Friday, December 14th will be paid a dividend of $0.335 per share on Wednesday, January 2nd. This represents a $1.34 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date is Thursday, December 13th. View Albemarle's Dividend History.

How were Albemarle's earnings last quarter?

Albemarle Co. (NYSE:ALB) announced its earnings results on Wednesday, February, 20th. The specialty chemicals company reported $1.53 EPS for the quarter, topping the Zacks' consensus estimate of $1.46 by $0.07. The specialty chemicals company earned $921.70 million during the quarter, compared to analyst estimates of $894.45 million. Albemarle had a return on equity of 15.39% and a net margin of 10.44%. Albemarle's revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the company posted $1.34 earnings per share. View Albemarle's Earnings History.

When is Albemarle's next earnings date?

Albemarle is scheduled to release their next quarterly earnings announcement on Wednesday, May 8th 2019. View Earnings Estimates for Albemarle.

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

Albemarle issued an update on its FY19 earnings guidance on Wednesday, February, 20th. The company provided EPS guidance of $6.10-6.50 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $6.14. The company issued revenue guidance of $3.65-3.85 billion, compared to the consensus revenue estimate of $3.64 billion.Albemarle also updated its FY 2019 guidance to $6.10-6.50 EPS.

What price target have analysts set for ALB?

17 analysts have issued 12-month target prices for Albemarle's shares. Their forecasts range from $59.00 to $150.00. On average, they anticipate Albemarle's share price to reach $107.4131 in the next twelve months. This suggests a possible upside of 20.3% from the stock's current price. View Analyst Price Targets for Albemarle.

What is the consensus analysts' recommendation for Albemarle?

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Albemarle in the last year. There are currently 2 sell ratings, 4 hold ratings and 11 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Albemarle.

Has Albemarle been receiving favorable news coverage?

Media stories about ALB stock have been trending somewhat positive recently, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive 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 nearest to five being the most favorable. Albemarle earned a media sentiment score of 1.7 on InfoTrie's scale. They also gave press coverage about the specialty chemicals company a news buzz of 5.0 out of 10, meaning that recent press coverage is somewhat likely to have an effect on the company's share price in the near term.

Who are some of Albemarle's key competitors?

What other stocks do shareholders of Albemarle own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Albemarle investors own include Intact Financial (IFC), Constellation Software (CSU), NVIDIA (NVDA), Micron Technology (MU), AbbVie (ABBV), Alibaba Group (BABA), General Electric (GE), Intel (INTC), Netflix (NFLX) and AutoCanada (ACQ).

Who are Albemarle's key executives?

Albemarle's management team includes the folowing 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., Chief Accounting Officer, VP & Corp. Controller (Age 52)
  • Ms. Karen G. Narwold, Chief Admin. Officer, Exec. VP, Gen. Counsel & Corp. Sec. (Age 59)
  • Mr. David Ryan, VP of Corp. Strategy & Investor Relations

Who are Albemarle's major shareholders?

Albemarle's stock is owned by a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (7.01%), Jennison Associates LLC (6.55%), Bank of New York Mellon Corp (3.02%), Baillie Gifford & Co. (2.48%), Bank of America Corp DE (1.78%) and Iridian Asset Management LLC CT (1.63%). Company insiders that own Albemarle stock include Douglas L Maine, Karen G Narwold, Luther C Iv Kissam, Matthew Juneau and Scott Tozier. View Institutional Ownership Trends for Albemarle.

Which institutional investors are selling Albemarle stock?

ALB stock was sold by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, Jennison Associates LLC, Carmignac Gestion, Mirae Asset Global Investments Co. Ltd., Iridian Asset Management LLC CT, QCI Asset Management Inc. NY, Anchor Bolt Capital LP and United Services Automobile Association. Company insiders that have sold Albemarle company stock in the last year include Karen G Narwold and Scott Tozier. View Insider Buying and Selling for Albemarle.

Which institutional investors are buying Albemarle stock?

ALB stock was acquired by a variety of institutional investors in the last quarter, including Eagle Asset Management Inc., State of Tennessee Treasury Department, Principal Financial Group Inc., Robecosam AG, CIBC Private Wealth Group LLC, Dimensional Fund Advisors LP, Handelsbanken Fonder AB and State of New Jersey Common Pension Fund D. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

What is Albemarle's stock price today?

One share of ALB stock can currently be purchased for approximately $89.26.

How big of a company is Albemarle?

Albemarle has a market capitalization of $9.48 billion and generates $3.07 billion in revenue each year. The specialty chemicals company earns $54.85 million in net income (profit) each year or $4.59 on an earnings per share basis. Albemarle employs 5,400 workers across the globe.

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 4350 CONGRESS STREET SUITE 700, 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:  2.8 out of 5 (star star)
Outperform Votes:  592 (Vote Outperform)
Underperform Votes:  480 (Vote Underperform)
Total Votes:  1,072
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 2/21/2019 by MarketBeat.com Staff

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