ALB - Albemarle Corporation

NYSE - NYSE Delayed Price. Currency in USD
66.63
-1.39 (-2.04%)
At close: 4:02PM EST
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Previous Close68.02
Open68.27
Bid66.64 x 1400
Ask68.30 x 1400
Day's Range66.32 - 68.44
52 Week Range58.63 - 93.14
Volume1524659
Avg. Volume1,497,544
Market Cap7.1B
Beta (5Y Monthly)1.65
PE Ratio (TTM)12.39
EPS (TTM)5.38
Earnings DateFeb 18, 2020 - Feb 24, 2020
Forward Dividend & Yield1.47 (2.16%)
Ex-Dividend Date2019-12-12
1y Target Est73.00
  • Reuters

    UPDATE 1-Albemarle CEO says long-term lithium demand remains 'robust'

    Albemarle Corp, the world's largest lithium producer, expects robust long-term demand for the electric vehicle battery mineral despite troubles in the existing market resulting from oversupply, Chief Executive Luke Kissam said on Thursday. The outlook comes as shareholder anxiety about Albemarle and its peers has escalated in recent months, with the industry having produced far more of the white metal than EV makers currently need. Wall Street analysts have downgraded Albemarle and dinged Kissam's management as a result, with JPMorgan analysts going so far as to say the company is "overvalued." Albemarle's shares are down 16 percent since January.

  • PR Newswire

    Albemarle Hosts Investor Day and Provides Update on Long-term Strategy

    Albemarle Corporation (NYSE: ALB), a leader in the global specialty chemicals industry, will discuss its strategy to deliver profitable growth, accelerate operational efficiency and improve free cash flow to drive shareholder value at its 2019 Investor Day today in New York City.

  • Hedge Funds Are Selling Albemarle Corporation (ALB)
    Insider Monkey

    Hedge Funds Are Selling Albemarle Corporation (ALB)

    We are still in an overall bull market and many stocks that smart money investors were piling into surged through the end of November. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 54% and 51% respectively. Hedge funds' top 3 stock picks returned 41.7% this year and beat […]

  • Why Is Albemarle (ALB) Down 10.8% Since Last Earnings Report?
    Zacks

    Why Is Albemarle (ALB) Down 10.8% Since Last Earnings Report?

    Albemarle (ALB) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • Reuters

    Chile eyes state-backed lithium push in far-flung salt flats

    Chile's Atacama salt flat may get all the attention when it comes to lithium, but the South American nation is looking to develop two lesser-known deposits of the mineral needed to power a global push into electric cars. Chile's mining minister, Baldo Prokurica, told Reuters on a trip to the Atacama region the government had asked state-owned copper giant Codelco and smaller state miner National Mining Company, Enami, to forge ahead with lithium projects in the region. "It seems to me, to say the least, a sin that companies with lithium holdings like this are not even working them," Prokurica said on a tour of the Aguilar and Infieles salt flats.

  • Did Albemarle Corporation (NYSE:ALB) Insiders Buy Up More Shares?
    Simply Wall St.

    Did Albemarle Corporation (NYSE:ALB) Insiders Buy Up More Shares?

    We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. The...

  • Reuters

    UPDATE 2-Lithium miner SQM dodges impacts from Chile protests, hit by lower prices

    Chilean miner SQM, the world's No. 2 lithium producer, said a month of violent protests in the South American nation would not dent the company's sales or volume forecasts for 2019. "We have had some issues with transit of our products, workers and contractors," said SQM CEO Ricardo Ramos of the company's operations. "We are going to deliver our products to our customers according to our previous forecast despite the situation in Chile," Ramos told investors on a conference call on Thursday.

  • Top Materials Stocks for December 2019
    Investopedia

    Top Materials Stocks for December 2019

    The materials sector includes companies engaged in the discovery, development, and processing of raw materials, which are used across many other sectors and industries. Materials stocks include manufacturers of products as varied as plastic, fertilizer, paper, concrete, metals, and more. Some prominent names in the materials sector include Dupont de Nemours Inc. (DD), Ecolab Inc. (ECL), and Dow Inc. (DOW).

  • Thomson Reuters StreetEvents

    Edited Transcript of ALB earnings conference call or presentation 7-Nov-19 2:00pm GMT

    Q3 2019 Albemarle Corp Earnings Call

  • Reuters

    UPDATE 1-Lithium producers hit by first big downturn of electric vehicle era

    The burgeoning lithium industry, which produces the powerhouse metal used to make electric vehicle (EV) batteries, has entered its first major downturn, an unwelcome bruising for investors eager to help combat climate change. Albemarle Corp, Tianqi Lithium Corp and others have been producing more lithium than automakers need. "Current market conditions are challenging," Luke Kissam, Albemarle's chief executive officer, said last week.

  • GuruFocus.com

    Dow Flat on Tuesday

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  • Moody's

    Albemarle Corporation -- Moody's announces completion of a periodic review of ratings of Albemarle Corporation

    Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Albemarle Corporation and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.

  • New Strong Sell Stocks for November 12th
    Zacks

    New Strong Sell Stocks for November 12th

    Here are 5 stocks added to the Zacks Rank 5 (Strong Sell) List today

  • Is Allgäuer Brauhaus AG (MUN:ALB) A High Quality Stock To Own?
    Simply Wall St.

    Is Allgäuer Brauhaus AG (MUN:ALB) A High Quality Stock To Own?

    One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will...

  • GuruFocus.com

    US Stocks Mixed on Friday

    Monster Beverage tops 3rd-quarter estimates Continue reading...

  • Moody's

    Albemarle Wodgina Pty Ltd. -- Moody's assigns Baa2 to Albemarle's $1.6 billion new notes issuance

    Moody's Investors Service (Moody's) assigned Baa2 ratings to Albemarle's proposed $1.6 billion USD equivalent new debt financing, consisting of EUR notes to be issued by Albemarle New Holdings GmbH; notes to be issued by Albemarle Corporation; and notes to be issued by Albemarle Wodgina Pty Ltd. The debt issued by Albemarle New Holdings GmbH and Albemarle Wodgina Pty Ltd are unconditionally guaranteed by Albemarle Corporation. The size and tenor of debt issued by each of the aforementioned entities will depend on market demand.

  • GlobeNewswire

    Kimball Electronics, Inc. Announces Election of Directors

    JASPER, Ind., Nov. 07, 2019 -- Kimball Electronics, Inc. (NASDAQ: KE), (the “Company”), today announced the election of two new directors at its Annual Meeting of Share Owners.

  • Reuters

    UPDATE 1-Albemarle warns of 'challenging' lithium market through next year

    Albemarle Corp, the world's largest lithium producer, warned on Thursday that prices for the battery metal are down nearly a third in the past year and that the industry has two to three times more supply than needed. It was the latest lightning bolt to strike the fast-growing industry, which directly supplies the building blocks for electric vehicle batteries. Industry rival Livent Corp warned on Wednesday of "difficult" market conditions.

  • Albemarle (ALB) Tops Q3 Earnings Estimates, Revenues Lag
    Zacks

    Albemarle (ALB) Tops Q3 Earnings Estimates, Revenues Lag

    Albemarle (ALB) benefited from higher sales and earnings across its segments in Q3.

  • Albemarle (ALB) Beats Q3 Earnings Estimates
    Zacks

    Albemarle (ALB) Beats Q3 Earnings Estimates

    Albemarle (ALB) delivered earnings and revenue surprises of 2.68% and -2.13%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

  • Reuters

    UPDATE 1-Albemarle plans $100 mln cost cuts to counter low prices

    Albemarle Corp said on Wednesday it had started a cost control program targeting over $100 million in savings over the next two years, as the world's largest lithium producer grapples with a fall in prices on near-term oversupply concerns. Albemarle did not provide any further details on the program on Wednesday. Albemarle reported an adjusted profit of $1.53 per share for the third quarter, in line with its preliminary estimates last month when it had also cut profit and sales forecast for the year.

  • PR Newswire

    Albemarle Reports Third Quarter Growth

    CHARLOTTE, N.C. , Nov. 6, 2019 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB) today announced its results for the third quarter ended Sept. 30, 2019 . Third Quarter 2019 Highlights (Based on year-over-year ...

  • Livent CEO sees 'difficult environment' for lithium producers
    Reuters

    Livent CEO sees 'difficult environment' for lithium producers

    The company, which operates in northern Argentina, late Tuesday cut its full-year revenue and earnings forecast for the second time this year because it will delay selling about a quarter of its annual lithium hydroxide production until 2020. While Livent and some peers sell much of their lithium on long-term contracts, they have been stung by weakening market sentiment as global supply exceeds demand by 5 percent. "It's a difficult environment to do business," Graves said in an interview.