99.65 +0.45 (0.45%)
After hours: 4:33PM EST
|Bid||97.15 x 800|
|Ask||101.30 x 1200|
|Day's Range||98.33 - 100.93|
|52 Week Range||86.75 - 139.62|
|Beta (3Y Monthly)||0.83|
|PE Ratio (TTM)||31.82|
|Earnings Date||Nov 6, 2018 - Nov 12, 2018|
|Forward Dividend & Yield||1.34 (1.31%)|
|1y Target Est||125.45|
Chilean environmental regulators have rejected plans by Albemarle Corp (ALB.N), the world's top lithium producer, to expand output from the Salar de Atacama salt flat, according to filings with Chile's Environmental Assessment Service (SEA). SEA said in a resolution on Monday that Albemarle's environmental impact statement, which included plans to build a new plant to produce 42,500 tonnes of lithium carbonate in northern Chile, lacked key information to gauge the project's impact, prompting an "early termination" of its review. "The applicant [Albemarle] does not present the details necessary to rule out significant adverse impacts on the quantity and quality of renewable natural resources, including the soil, water and air," the regulator concluded in the Nov. 12 resolution, which was first reported by Reuters.
Chilean environmental regulators have rejected plans by Albemarle Corp, the world's top lithium producer, to expand output from the Salar de Atacama salt flat, according to filings with Chile's Environmental Assessment Service (SEA). SEA said in a resolution on Monday that Albemarle's environmental impact statement, which included plans to build a new plant to produce 42,500 tonnes of lithium carbonate in northern Chile, lacked key information to gauge the project's impact, prompting an "early termination" of its review.
Air Products and Chemicals’ (APD) Industrial Gases–Asia segment accounted for 27.5% of the company’s total revenues in the fourth quarter. The segment expanded by 2.4 percentage points YoY (year-over-year) from 25.1% in the fourth quarter of 2017. The segment reported revenues of $633 million in the fourth quarter compared to $552.2 million in the fourth quarter of 2017—14.6% growth YoY.
Air Products and Chemicals’ (APD) Industrial Gases–Americas segment was the company’s largest revenue contributor in the fourth quarter. The Industrial Gases–Americas segment’s revenues continued to increase on a sequential basis for the third consecutive quarter. In the fourth quarter, Air Products and Chemicals’ Industrial Gases–Americas segment reported an operating income of $251.3 million, which implies a decline of ~5.1% YoY.
Albemarle Corp. will halt plans to expand its lithium carbonate production in Chile, the company said on Thursday. Instead, it will plow funding into a Western Australia project that produces lithium hydroxide, a rarer form of the metal that’s growing in use and currently sells for higher prices than the carbonate form. Lithium hydroxide works better with cathodes containing higher levels of nickel, helping cars go further on a single charge.
Albemarle Corp on Thursday defended a previously announced process it has said could boost lithium production in Chile but at the same time postponed two expansion projects in the country that would have needed the new technology to be successful. The move raises further questions about just what Albemarle, the world's largest lithium producer, has developed and how it could work. Albemarle said last year it had developed a process that would more than triple its lithium output in Chile without using more water, in what would be a tantalizing development for the arid region where the white metal is produced.
Albemarle (ALB) announced its third-quarter earnings after the market closed on November 7. The company reported an adjusted EPS of $1.31 in the third quarter—an increase of 21.3% on a year-over-year basis. In the third quarter of 2017, Albemarle reported an adjusted EPS of $1.08. The adjusted EPS excluded non-recurring and other unusual items amounting to $0.13 per share and $0.02 per share related to the pension.
Jim Cramer said on CNBC's "Mad Money Lightning Round" he likes Albemarle Corporation (NYSE: ALB ), even after it moved higher. He added that the numbers were terrific. Cramer can't say if the ...
Albemarle (ALB) delivered earnings and revenue surprises of 4.80% and -3.31%, respectively, for the quarter ended September 2018. Do the numbers hold clues to what lies ahead for the stock?
Albemarle Corp, the world's largest lithium producer, on Wednesday posted quarterly profit that rose more than expected due in part to price hikes, though unexpected production problems cut its output of the white metal. Albemarle has been striving to boost production and prices of lithium, a vital material in making electric vehicle batteries. It has dedicated profit from its two other chemical divisions to bolster lithium operations.
The Charlotte, North Carolina-based company said it had profit of $1.20 per share. Earnings, adjusted for non-recurring costs, came to $1.31 per share. The results surpassed Wall Street expectations. The ...
Albemarle Corp, the world's largest lithium producer, said on Wednesday its quarterly profit rose 9 percent due in part to price hikes. The company posted third-quarter net income of $129.7 million, or ...
CHARLOTTE, N.C. , Nov. 7, 2018 /PRNewswire/ -- Third quarter 2018 highlights: Third quarter net sales were $777.7 million , an increase of 3% over the prior year; earnings were $129.7 million , or $1.20 ...
On Wednesday, Nov. 7, Albemarle (NYSE: ALB ) will release its latest earnings report. Benzinga's outlook for Albemarle is included in the following report. Earnings and Revenue Wall Street analysts see ...
The segment reported revenue of $5.68 billion as compared to $5.27 billion in Q3 2017. The reported revenue implies growth of 7.8% on a year-over-year basis. The segment’s revenue growth was driven by higher volumes, which grew 3%, and positive pricing pushed the segment’s revenue by 2%, while the portfolio mix pushed the segment’s revenue growth by 3%.
NEWPORT BEACH, Calif./SANTIAGO, Nov 7 (Reuters) - Albemarle Corp's claim to have developed a unique process that would more than triple its lithium production from Chile's Atacama desert without using more water is drawing increased scrutiny from regulators and investors pushing for more details. The development could help Albemarle cement its position as the world's largest lithium company, just as global demand for the light metal is spiking for use in batteries that power electric vehicles and consumer goods. The lack of clarity over the issue prompted Chile's nuclear commission, which oversees the sale and export of lithium in Chile, to deny Albemarle's request to increase its production quota for the white metal.
The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). We’ll look at Albemarle Corporation’s (NYSE:ALB) P/E ratio and reflect on what Read More...
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