Albemarle Corporation (ALB)
| Market Cap | 15.46B |
| Revenue (ttm) | 8.40B |
| Net Income (ttm) | 325.76M |
| Shares Out | 117.53M |
| EPS (ttm) | 2.77 |
| PE Ratio | 47.48 |
| Forward PE | 27.79 |
| Dividend | $1.60 (1.22%) |
| Ex-Dividend Date | Jun 14, 2024 |
| Volume | 1,545,638 |
| Open | 131.11 |
| Previous Close | 129.62 |
| Day's Range | 130.27 - 134.29 |
| 52-Week Range | 106.69 - 247.44 |
| Beta | 1.65 |
| Analysts | Buy |
| Price Target | 162.71 (+23.72%) |
| Earnings Date | May 1, 2024 |
About ALB
Albemarle Corporation develops, manufactures, and markets engineered specialty chemicals worldwide. It operates through three segments: Energy Storage, Specialties and Ketjen. The Energy Storage segment offers lithium compounds, including lithium carbonate, lithium hydroxide, and lithium chloride; technical services for the handling and use of reactive lithium products; and lithium-containing by-products recycling services. The Specialties segment provides bromine-based specialty chemicals, including elemental bromine, alkyl and inorganic bromi... [Read more]
Financial Performance
In 2023, Albemarle's revenue was $9.62 billion, an increase of 31.38% compared to the previous year's $7.32 billion. Earnings were $1.57 billion, a decrease of -41.50%.
Financial StatementsAnalyst Forecast
According to 22 analysts, the average rating for ALB stock is "Buy." The 12-month stock price forecast is $162.71, which is an increase of 23.72% from the latest price.
News
Albemarle Corporation and lithium: Breaking free from the bearish grip?
Albemarle Corporation (NYSE: ALB)'s recent journey on the stock market mirrors the rollercoaster ride of the lithium industry. From commanding over $300 a share to plummeting to around $110 between No...
ALBEMARLE AND MARTIN MARIETTA SIGN INNOVATIVE AGREEMENT FOR BENEFICIAL USE OF MATERIAL FROM KINGS MOUNTAIN MINE
Part of proceeds from agreement to support investment in local communities CHARLOTTE, N.C., May 8, 2024 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a global leader in providing essential eleme...
Albemarle Announces Quarterly Dividend
CHARLOTTE, N.C., May 7, 2024 /PRNewswire/ -- The Board of Directors of Albemarle Corporation (NYSE: ALB) announces that it has declared a quarterly dividend of $0.40 per share.
Lithium giant Albemarle's plans to reopen a rich mine in North Carolina will take years to complete
Eric Norris, president of energy storage at Albemarle, said progress has slowed as the company faces headwinds from a collapse in lithium prices.
Albemarle Beats Earnings Estimates. Investors Hope for a Commodity Trough.
Albemarle reports first-quarter adjusted earnings per share of 26 cents, beating estimates by 1 cent.
Albemarle Reports First Quarter 2024 Results
CHARLOTTE, N.C., May 1, 2024 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a global leader in providing essential elements for mobility, energy, connectivity and health, today announced its resul...
5 undervalued U.S. lithium stocks to buy immediately for long-term returns
Lithium is to electric vehicles as data centres is to artificial intelligence. The price of Lithium may have gained a bit in recent weeks but it's still down significantly from its high in mid-2023.
ALBEMARLE DONATES $1 MILLION TO CLEVELAND COMMUNITY COLLEGE TO FURTHER SUPPORT WORKFORCE DEVELOPMENT PROGRAMS
Donation to support training and apprenticeship programs for growing regional industries CHARLOTTE, N.C. , April 17, 2024 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a global leader in providin...
Calls of the Day: Albemarle, General Motors, Broadcom, Disney and ServiceNow
The Investment Committee discusses the latest Calls of the Day.
Albemarle Stock Is Jumping After Upgrade. Lithium Pricing Is Bottoming.
BofA Securities analyst Matthew DeYoe upgrade shares of lithium miner Albemarle to Buy from Hold.
Albemarle Corporation to Release First-Quarter 2024 Earnings Results on Wednesday, May 1, 2024
CHARLOTTE, N.C., April 5, 2024 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a global leader in providing essential elements for mobility, energy, connectivity and health, announced today that it...
These stocks' price targets have been cut the most by Wall Street analysts in 2024
In an orderly world, companies would increase revenue and profits steadily to support a continual lifting of earnings estimates and price targets for stocks. But life is never simple.
Grid Battery Metals Files NI 43-101 Technical Report on its Clayton Valley Lithium Project in Nevada
COQUITLAM, BC / ACCESSWIRE / March 6, 2024 / Grid Battery Metals Inc. (the "Company" or "Grid Battery") (TSXV:CELL)(OTCQB:EVKRF)(FRA:NMK2) is pleased to announce that the NI 43-101 Technical Report fo...
ALBEMARLE ANNOUNCES UPSIZE AND PRICING OF PUBLIC OFFERING OF DEPOSITARY SHARES
CHARLOTTE, N.C. , March 6, 2024 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB) ("Albemarle" or the "Company"), a global leader in providing essential elements for mobility, energy, connectivity, an...
Convertible-Bond Sales Are Booming. MicroStrategy, SoFi, Albemarle Plan Deals.
Attractive financing rates and a strong stock market are pushing chief financial officers to issue more convertible bonds.
Lithium Stock Albemarle Is Falling on a Capital Raise. It Was Inevitable.
Lithium miner Albemarle will raise some $2 billion by selling new convertible preferred shares. The cash will help fund capital spending.
ALBEMARLE ANNOUNCES PROPOSED PUBLIC OFFERING OF DEPOSITARY SHARES
CHARLOTTE, N.C. , March 4, 2024 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB) ("Albemarle" or the "Company"), a global leader in providing essential elements for mobility, energy, connectivity, an...
Albemarle Corporation to Present at the BMO 33rd Global Metals, Mining & Critical Minerals Conference
CHARLOTTE, N.C. , Feb. 19, 2024 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a global leader in providing essential elements for mobility, energy, connectivity, and health, announced today that ...
Albemarle Stock Is Falling After Blow-Out Earnings. Is Lithium Bottoming?
Lithium miner Albemarle reported fourth-quarter earnings per share nearly twice the estimate. Battered lithium prices are making investors wary.
Albemarle Reports Fourth Quarter and Full Year 2023 Results
Full-Year Net Sales Increase of 31%, Driven by 21% Volume Growth CHARLOTTE, N.C. , Feb. 14, 2024 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a global leader in providing essential elements for ...
Calls of the Day: Cleveland Cliffs, Palo Alto Networks, Albemarle and Costco
The Investment Committee debate the latest calls on Cleveland Cliffs, Palo Alto Networks, Albemarle and Costco.
Slowing EV sales sent lithium prices down almost 40% last year. What's next.
Not long ago, lithium prices were skyrocketing on fears of a supply shortfall, as growth in the electric-vehicle market lifted demand for the metal used in lithium-ion rechargeable batteries.
Lithium Miner Albemarle Cuts Costs and Plans Layoffs as EV Demand and Lithium Prices Fall
Shares of Albemarle (ALB) lost ground Wednesday as the biggest lithium producer announced it was cutting costs and jobs, as well as taking other measures to save money because of “changing end-market ...
Lithium Miner Albemarle Is Cutting Jobs Amid EV Slowdown. The Stock Is Up.
Wednesday, lithium miner Albemarle announced head count reductions and less capital spending. Electric-vehicle demand isn't keeping up with lithium supply.
Albemarle to cut staff, pause expansions amid falling lithium prices
Albemarle , the world's largest lithium producer, said on Wednesday it will cut jobs and defer spending on a U.S. refinery project as part of a wide-ranging plan to slash costs amid falling prices of ...