ALB - Albemarle Corporation

NYSE - NYSE Delayed Price. Currency in USD

208.36

+12.82

(+6.56%)

At close: 04:00PM EDT

207.25

-1.11

(-0.53%)

After hours:

06:03PM EDT

Dividend
ALB announced a cash dividend of 0.40 with an ex-date of Jun. 15, 2023

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Performance Outlook

Short Term
2W - 6W
Mid Term
6W - 9M
Long Term
9M+

Previous Close	195.54
Open	203.22
Bid	207.25 x 1100
Ask	208.33 x 2200
Day's Range	202.46 - 210.17
52 Week Range	171.82 - 334.55
Volume	2,092,636
Avg. Volume	2,307,903

Market Cap	24.448B
Beta (5Y Monthly)	1.54
PE Ratio (TTM)	6.68
EPS (TTM)	N/A
Earnings Date	N/A
Forward Dividend & Yield	1.60 (0.82%)
Ex-Dividend Date	Jun 15, 2023
1y Target Est	N/A

Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.

Fair Value

XX.XX

Undervalued

57% Est. Return

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Press Releases

PR Newswire
Albemarle Establishes Strategic Agreement With Ford Motor Company
Albemarle Corporation (NYSE: ALB), a global leader in providing essential elements for mobility, energy, connectivity and health, today announced a definitive agreement with Ford Motor Company to deliver battery-grade lithium hydroxide to support the automaker's ability to scale electric vehicle (EV) production.
PR Newswire
Albemarle Corporation to Participate in Virtual Fireside Chat at TD Cowen Sustainability Week
Albemarle Corporation (NYSE: ALB), a global leader in providing essential elements for mobility, energy, connectivity and health, today announced that Scott Tozier, chief financial officer, and Meredith Bandy, vice president of investor relations and sustainability, will participate in a fireside chat at TD Cowen Sustainability Week on Tuesday, June 6.
PR Newswire
Albemarle Reports Net Sales Increase of 129% for First Quarter 2023
Albemarle Corporation (NYSE: ALB), a global leader in providing essential elements for mobility, energy, connectivity and health, today announced its results for the first quarter ended March 31, 2023.
PR Newswire
Albemarle Corporation Announces Dividend
The Board of Directors of Albemarle Corporation (NYSE: ALB) announces that it has declared a quarterly dividend of $0.40 per share. The dividend, which has an annualized rate of $1.60, is payable July 3, 2023, to shareholders of record at the close of business as of June 16, 2023.
PR Newswire
Albemarle Corporation to Release First-Quarter 2023 Earnings Results on Wednesday, May 3, 2023
Albemarle Corporation (NYSE: ALB), a global leader in providing essential elements for mobility, energy, connectivity and health, announced today that it will release its first-quarter 2023 earnings after the NYSE closes on Wednesday, May 3, 2023.
PR Newswire
Albemarle Announces Proposal to Acquire Liontown
Albemarle Corporation (NYSE: ALB), a global leader in transforming lithium and bromine into essential ingredients for mobility, energy, connectivity and health, notes the announcement to the ASX by Liontown Resources (ASX: LTR) on March 28, 2023, and confirms that it submitted a non-binding proposal to acquire all outstanding shares of Liontown by way of scheme of arrangement for A$2.50 or US$1.661 per share in cash, which values Liontown at A$5.2 or US$3.4 billion on an enterprise basis.
PR Newswire
Albemarle Corporation Announces New U.S. Lithium Mega-Flex Processing Facility in South Carolina
Albemarle Corporation (NYSE: ALB), a global leader in providing essential elements for mobility, energy, connectivity and health, today announced plans to locate its previously announced lithium hydroxide Mega-Flex facility in Chester County, South Carolina. Plans for the facility include an initial investment of at least $1.3 billion to help meet the surging demand for domestic and international electric vehicles and lithium-ion batteries.
PR Newswire
Albemarle Corporation Announces Agreements for Restructure of MARBL Joint Venture in Australia and Investment by Mineral Resources Limited in Albemarle Conversion Assets in China
Albemarle Corporation (NYSE: ALB), ("Albemarle"), a global leader in transforming lithium and bromine into essential ingredients for mobility, energy, connectivity and health, announced today that it has signed definitive agreements with Mineral Resources Limited (ASX: MIN) ("MinRes") to restructure the parties' MARBL lithium joint venture in Australia ("MARBL") and separately for MinRes to invest in Albemarle conversion assets in China.
PR Newswire
Albemarle Corporation to Present at the BMO 32nd Global Metals, Mining & Critical Minerals Conference
Albemarle Corporation (NYSE: ALB), a global leader in transforming essential resources such as lithium and bromine into critical ingredients for mobility, energy, connectivity, and health, announced today that Albemarle Corporation's President and CEO Kent Masters will present at the BMO Capital Markets 2023 Investor Conference on Feb. 27, 2023, at 1:30 pm ET.
PR Newswire
Albemarle Reports Net Sales Increase ~3x for Fourth Quarter 2022; Full-Year Net Sales Over $7 Billion
Albemarle Corporation (NYSE: ALB), a global leader in transforming essential resources such as lithium and bromine into critical ingredients for mobility, energy, connectivity and health, today announced its results for the fourth quarter and full year ended Dec. 31, 2022.
PR Newswire
Albemarle Corporation Included in 2023 Bloomberg Gender-Equality Index
Albemarle Corporation (NYSE: ALB), a global leader in transforming essential resources such as lithium and bromine into critical ingredients for mobility, energy, connectivity, and health, announced today that it is one of 484 companies across 45 countries and 54 industries to be included in the 2023 Bloomberg Gender-Equality Index (GEI), a modified market capitalization-weighted index that aims to track the performance of public companies committed to transparency in gender-data reporting.
PR Newswire
Albemarle Announces Launch of Ketjen Corporation
Albemarle Corporation (NYSE: ALB), a leader in the global specialty chemicals industry, today announced the official brand launch of Ketjen, its wholly owned subsidiary that crafts tailored, advanced catalyst solutions for the petrochemical, refining and specialty chemicals industries.
PR Newswire
Albemarle to Host 2023 Strategic Update Including New 5-Year Outlook and Preliminary 2022 Results
Albemarle Corporation (NYSE: ALB), a leader in the global specialty chemicals industry, will host its virtual 2023 Strategy Update tomorrow, Jan. 24, 2023, at 9:00 a.m. ET. The event is expected to conclude at approximately 10:45 a.m. ET.
PR Newswire
Albemarle Corporation to Release Fourth-Quarter 2022 Earnings Results on Wed., Feb. 15, 2023
Albemarle Corporation (NYSE: ALB), a leader in the global specialty chemicals industry, announced today that it will release its fourth-quarter 2022 earnings after the NYSE closes on Wednesday, Feb. 15, 2023.
PR Newswire
Albemarle Announces North Carolina Technology Park for Advanced Lithium Technology
Albemarle Corporation (NYSE: ALB), a leader in the global specialty chemicals industry, today announced it has acquired a location in Charlotte, North Carolina, where it will invest at least $180 million to establish the Albemarle Technology Park (ATP), a world-class facility designed for novel materials research, advanced process development, and acceleration of next-generation lithium products to market. The company anticipates that innovations from the new site will enhance lithium recovery,
PR Newswire
Albemarle Corporation to Host Corporate Strategy Webcast on Tues., Jan. 24, 2023
Albemarle Corporation (NYSE: ALB), a leader in the global specialty chemicals industry, announced today its plans to host a webcast on Tuesday, Jan. 24, 2023.
PR Newswire
Albemarle Unveils MercLok™, Innovative Technology for Mercury Remediation
Albemarle Corporation (NYSE: ALB), a leader in the global specialty chemicals industry, today unveiled a breakthrough product that captures mercury from soil and mining waste, helping to remove this harmful element from the food chain.
PR Newswire
ALBEMARLE CORPORATION TO PARTICIPATE IN DECEMBER 2022 INVESTOR CONFERENCES
Albemarle Corporation (NYSE: ALB), a leader in the global specialty chemicals industry, announced today that the company's management team is scheduled to participate in two institutional investor conferences in December.
PR Newswire
Albemarle Announces New External Affairs Leadership
Albemarle Corporation (NYSE: ALB), a leader in the global specialty chemicals industry, announced today that Sean O'Hollaren joined Albemarle as Chief External Affairs Officer, effective November15, 2022.
PR Newswire
Albemarle Reports Net Sales Increase of 152% for Third Quarter 2022
Albemarle Corporation (NYSE: ALB) today announced its results for the third quarter ended Sept. 30, 2022.
PR Newswire
/C O R R E C T I O N -- Albemarle Corporation/
Albemarle Corporation (NYSE: ALB), a leader in the global specialty chemicals industry, announced today that Karen G. Narwold, executive vice president, chief administrative officer, general counsel, and corporate secretary, will retire from Albemarle effective April 4, 2023. Kristin M. Coleman will join the company as executive vice president, general counsel, and corporate secretary on Nov. 28, 2022. Coleman will report to J. Kent Masters, chairman and CEO.
PR Newswire
Albemarle Completes Acquisition of Guangxi Tianyuan New Energy Materials Co., Ltd.
Albemarle Corporation (NYSE: ALB), a leader in the global specialty chemicals industry, announced today that its subsidiary, Albemarle Lithium UK Limited, has completed the acquisition of Guangxi Tianyuan New Energy Materials Co., Ltd. ("Tianyuan") for approximately $200 million.
PR Newswire
Albemarle Secures DOE Grant for U.S.-Based Lithium Facility to Support Domestic EV Supply Chain
Albemarle Corporation (NYSE: ALB), a global leader in the specialty chemicals industry, announced it has been awarded a nearly $150 million grant from the U.S. Department of Energy (DOE) as part of the first set of projects funded by the President's Bipartisan Infrastructure Law to expand domestic manufacturing of batteries for electric vehicles (EVs) and the electrical grid and for materials and components currently imported from other countries. The grant funding is intended to support a porti
PR Newswire
Albemarle Corporation to Release Third-Quarter 2022 Earnings Results on Wednesday, November 2, 2022
Albemarle Corporation (NYSE: ALB), a leader in the global specialty chemicals industry, announced today that it will release its third-quarter 2022 earnings after the NYSE closes on Wednesday, November 2, 2022.
PR Newswire
Albemarle Announces New Global Business Unit Alignment
Albemarle Corporation (NYSE: ALB), a leader in the global specialty chemicals industry, today announced that it will realign its Bromine and Lithium global business units (GBU) into a new corporate structure designed to better meet customer needs and foster talent required to deliver in a competitive global environment. The move follows the recent announcement of the company's decision to reorganize Catalyst under a to-be-named, wholly owned subsidiary.