ALB - Albemarle Corporation

NYSE - NYSE Delayed Price. Currency in USD
65.18
-0.13 (-0.20%)
At close: 4:02PM EST
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Previous Close65.31
Open63.72
Bid65.28 x 1300
Ask0.00 x 800
Day's Range63.37 - 65.47
52 Week Range58.63 - 103.37
Volume1,537,961
Avg. Volume1,613,092
Market Cap6.911B
Beta (3Y Monthly)1.63
PE Ratio (TTM)12.12
EPS (TTM)5.38
Earnings DateNov 6, 2019
Forward Dividend & Yield1.47 (2.25%)
Ex-Dividend Date2019-12-12
1y Target Est73.57
  • 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

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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.

  • Top Materials Stocks for November 2019
    Investopedia

    Top Materials Stocks for November 2019

    The materials sector includes companies that manufacture 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 fertilizer producer Mosaic Company (MOS) and paper product maker Mercer International Inc. (MERC).

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  • Thomson Reuters StreetEvents

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

    Q3 2019 Albemarle Corp Earnings Call

  • 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?

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  • 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.

  • Reuters

    UPDATE 1-Livent CEO sees 'difficult environment' for lithium producers

    The lithium industry is working through "difficult" times due to low prices for the battery metal and global oversupply concerns, though an upswing in demand should help beginning next year, Livent Corp Chief Executive Paul Graves said on Wednesday. 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.

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  • Lithium Stocks Look Poised to Charge Higher
    Investopedia

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    Blocked access to lithium mines has helped ease oversupply fears. Play for further gains by trading this ETF or these two companies.

  • Albemarle (ALB) to Report Q3 Earnings: What's in the Offing?
    Zacks

    Albemarle (ALB) to Report Q3 Earnings: What's in the Offing?

    Our proven model does not conclusively predict that Albemarle (ALB) is likely to beat the Zacks Consensus Estimate this quarter.

  • Here's What Albemarle Corporation's (NYSE:ALB) P/E Ratio Is Telling Us
    Simply Wall St.

    Here's What Albemarle Corporation's (NYSE:ALB) P/E Ratio Is Telling Us

    Today, we'll introduce the concept of the P/E ratio for those who are learning about investing. We'll show how you can...

  • Barrons.com

    5 Stocks That Should Gain From the Falling Cost of Renewable Energy

    Battery technology will make solar and wind a dramatically larger part of the global energy picture.

  • Reuters

    Mineral Resources, Albemarle pause Wodgina output on weak lithium market

    Australia's Mineral Resources Ltd said on Friday its newly formed joint venture with Albemarle Corp had decided to pause operations at the Wodgina Project due to "challenging" lithium market conditions. Australian lithium producers had earlier this year flagged weak market conditions for the rest of 2019 amid reduced demand from Chinese customers after a change in the country's electric vehicle subsidies, and global trade tensions. Mineral Resources, which today concluded the sale of a 60% interest in Wodgina to Albemarle, said the transition to care and maintenance at the project would take about four weeks.

  • PR Newswire

    Albemarle Announces Completion of Lithium Joint Venture with Mineral Resources Limited

    CHARLOTTE, N.C., Oct. 31, 2019 /PRNewswire/ -- Albemarle Corporation (ALB), a leader in the global specialty chemicals industry, announced today that it has closed its transaction with Mineral Resources Limited ("MRL") (MIN.AX) under the Asset Sale and Share Subscription Agreement that was entered into on December 14, 2018, and subsequently amended on August 1, 2019, and the MRL Kemerton Sale and Purchase Agreement that was entered into on August 1, 2019 ("Agreement"). The 60/40 joint venture between Albemarle and MRL, respectively, is named MARBL Lithium Joint Venture ("MARBL").