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

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$82.72 -2.79 (-3.26 %)
(As of 03/22/2019 04:00 PM ET)
Previous Close$85.51
Today's Range$82.51 - $85.3909
52-Week Range$71.89 - $108.74
Volume876,575 shs
Average Volume1.45 million shs
Market Capitalization$8.75 billion
P/E Ratio15.09
Dividend Yield1.72%
Beta1.66
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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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$3.37 billion
Cash Flow$7.3923 per share
Book Value$35.40 per share

Profitability

Net Income$693.56 million

Miscellaneous

Employees5,900
Market Cap$8.75 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, February 26th. Shareholders of record on Friday, March 15th will be given a dividend of $0.3675 per share on Monday, April 1st. This represents a $1.47 annualized dividend and a yield of 1.78%. The ex-dividend date is Thursday, March 14th. This is a boost from Albemarle's previous quarterly dividend of $0.34. View Albemarle's Dividend History.

How were Albemarle's earnings last quarter?

Albemarle Co. (NYSE:ALB) issued its quarterly earnings results on Wednesday, February, 20th. The specialty chemicals company reported $1.53 EPS for the quarter, topping the 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 net margin of 20.55% and a return on equity of 15.82%. The company's quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.34 EPS. 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 updated its FY19 earnings guidance on Wednesday, February, 20th. The company provided earnings per share guidance of $6.10-6.50 for the period, compared to the Thomson Reuters consensus EPS 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?

15 brokers have issued 12-month price objectives for Albemarle's shares. Their forecasts range from $59.00 to $125.00. On average, they anticipate Albemarle's stock price to reach $102.2407 in the next twelve months. This suggests a possible upside of 23.6% from the stock's current price. View Analyst Price Targets for Albemarle.

What is the consensus analysts' recommendation for Albemarle?

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Albemarle in the last year. There are currently 2 sell ratings, 5 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Albemarle.

Has Albemarle been receiving favorable news coverage?

Headlines about ALB stock have been trending somewhat positive recently, according to InfoTrie Sentiment Analysis. The research firm ranks the sentiment of press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Albemarle earned a news sentiment score of 1.0 on InfoTrie's scale. They also assigned news coverage about the specialty chemicals company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the stock's share price in the near future.

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), Intel (INTC), Tesla (TSLA), Netflix (NFLX) and General Electric (GE).

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 many different of retail and institutional investors. Top institutional shareholders 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 major 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 major investors are buying Albemarle stock?

ALB stock was purchased by a variety of institutional investors in the last quarter, including Norges Bank, Eagle Asset Management Inc., State of Tennessee Treasury Department, Principal Financial Group Inc., Robecosam AG, CIBC Private Wealth Group LLC, Dimensional Fund Advisors LP and Handelsbanken Fonder AB. 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 $82.72.

How big of a company is Albemarle?

Albemarle has a market capitalization of $8.75 billion and generates $3.37 billion in revenue each year. The specialty chemicals company earns $693.56 million in net income (profit) each year or $5.48 on an earnings per share basis. Albemarle employs 5,900 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 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:  2.8 out of 5 (star star)
Outperform Votes:  596 (Vote Outperform)
Underperform Votes:  486 (Vote Underperform)
Total Votes:  1,082
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 3/22/2019 by MarketBeat.com Staff

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