Albemarle Stock Forecast, Price & News

18 Wall Street 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 analysts is that investors should "moderate buy" Albemarle stock.
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18 analysts have issued 12-month price objectives for Albemarle's stock. Their ALB stock forecasts range from $185.00 to $368.00. On average, they predict Albemarle's stock price to reach $276.40 in the next year. This suggests a possible upside of 30.8% from the stock's current price.
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Albemarle's stock was trading at $233.77 at the beginning of the year. Since then, ALB shares have decreased by 9.6% and is now trading at $211.34.
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Albemarle is scheduled to release its next quarterly earnings announcement on Wednesday, August 3rd 2022.
View our earnings forecast for Albemarle.

Albemarle Co. (NYSE:ALB) posted its quarterly earnings results on Wednesday, May, 4th. The specialty chemicals company reported $2.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.65. The specialty chemicals company earned $1.13 billion during 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 for the quarter was up 36.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.10 earnings per share.
View Albemarle's earnings history.

Albemarle announced a quarterly dividend on Tuesday, May 3rd. Investors 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 yield of 0.75%. The ex-dividend date of this dividend 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 0.70%. 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 earnings per share guidance of $12.30-$15.00 for the period, compared to the consensus earnings per share 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."

Albemarle's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (11.67%), BlackRock Inc. (8.47%), State Street Corp (4.58%), Baillie Gifford & Co. (3.48%), Mirae Asset Global Investments Co. Ltd. (2.25%) and Primecap Management Co. CA (2.22%). Company insiders that own Albemarle stock include Eric Norris, J Kent Masters, John Clarence Barichivich III, Karen G Narwold, Karen G Narwold, Luther C Iv Kissam, Netha N Johnson, Raphael Goszcz Crawford and Scott Tozier.
View institutional ownership trends for Albemarle.

ALB stock was sold by a variety of institutional investors in the last quarter, including Baillie Gifford & Co., Discovery Value Fund, First Trust Advisors LP, Cookson Peirce & Co. Inc., Bank of New York Mellon Corp, Main Street Research LLC, American Century Companies Inc., and Group One Trading L.P.. Company insiders that have sold Albemarle company stock in the last two years include Eric Norris, John Clarence Barichivich III, Karen G Narwold, Luther C Iv Kissam, Raphael Goszcz Crawford, and Scott Tozier.
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ALB stock was bought by a variety of institutional investors in the last quarter, including Bank of America Corp DE, BlackRock Inc., FIFTHDELTA Ltd, Wellington Management Group LLP, Invesco Ltd., Twin Tree Management LP, AGF Investments Inc., and ProShare Advisors LLC. Company insiders that have bought Albemarle stock in the last two years include J Kent Masters, and Netha N Johnson.
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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 $211.34.

Albemarle (NYSE:ALB) has a market capitalization of $24.75 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 [email protected], or via fax at 225-388-7686.