|Bid||90.00 x 1000|
|Ask||105.00 x 800|
|Day's Range||93.54 - 96.70|
|52 Week Range||86.75 - 144.99|
|PE Ratio (TTM)||31.89|
|Earnings Date||Nov 6, 2018 - Nov 12, 2018|
|Forward Dividend & Yield||1.34 (1.36%)|
|1y Target Est||126.10|
Albemarle’s (ALB) Catalysts segment accounted for 33.4% of ALB’s total revenues in Q2 2018 compared to 35% in Q2 2017, a decrease of 1.6 percentage points on a YoY (year-over-year) basis. This segment was formed by merging the company’s Refining Solutions and PCS businesses.
Albemarle’s (ALB) Bromine Specialties segment accounted for 25.8% of the company’s total revenues in Q2 2018 compared to 27.7% in Q2 2017, which implies a decline of 1.9 percentage points on a YoY (year-over-year) basis. The segment reported revenues of $220.51 million in Q2 2018, a rise of 8.1% on a YoY basis. In Q2 2017, the segment reported revenues of $203.94 million.
Peruvian President Martin Vizcarra told Reuters his government will likely pass laws within six months needed to tap a new lithium and uranium deposit, removing a major hurdle for Canadian miner Plateau Energy Metals' proposed $800 million mine. Plateau said last month it had found 2.5 million tonnes of high-grade lithium resources and 124 million pounds of uranium resources at its Falchani deposit in southern Peru, and was looking for a partner in what it said could become the world's biggest lithium mine.
Albemarle’s (ALB) Lithium segment is its largest revenue contributor to Albemarle’s overall revenue. This segment accounted for 37.2% of its total revenues in Q2 2018 as compared to 33% in Q2 2017. The segment reported revenues of $317.56 million in Q2 2018, a significant rise of 30.25% on a YoY (year-over-year) basis. In Q2 2017, the segment reported revenues of $243.82 million.
Albemarle’s (ALB) revenue continued its upward trend for the second quarter. It reported revenue of $853.9 million for Q2 2018, reflecting an increase of 15.8% over Q2 2017. Peer FMC (FMC) rose 92% on acquisitions, while Sociedad Química y Minera de Chile (SQM) is expected to grow its revenue by 12.5% in its second quarter. The company surpassed the Wall Street analyst estimate of $798.2 million. Since 2013, ALB’s revenue has grown at a CAGR (compound annual growth rate) of 8.15%.
The business supporting the top lithium stock is showing no signs of slowing down. Will Wall Street stop punishing the stock?
CHARLOTTE, N.C. , Aug. 9, 2018 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a leader in the global specialty chemicals industry, announced today that Scott Tozier , Executive Vice President and ...
Piedmont Lithium has locked up 1,200 acres in the area west of Gastonia as it carefully explores options for a $500 million mine and processing plant there.
A year after Albemarle Corp. arrived in Charlotte, bringing a new corporate headquarters for the city, Chief Executive Luke Kissam posed an interesting idea while speaking at the World Affairs Council of Charlotte.
Lithium is a basic ingredient in batteries that store electric energy for such uses as electric vehicles, consumer goods and, increasingly, for electric grid storage. President Donald Trump has announced that lithium is one of the “critical minerals” for which the United States is dependent on foreign producers. Approximately 98% of the U.S. supply of the silvery element is imported from China, Australia and other countries.
Strong post-earnings moves from CVS Health and Albemarle failed to keep Wednesday's open positive, as tariff retaliation from China pressured early trade.
Albemarle (ALB) reported its Q2 2018 earnings after the market closed on August 7. It reported revenue of $853.9 million for Q2 2018, reflecting growth of 15.8% over Q2 2017. The company easily beat Wall Street analysts’ estimate of $798.2 million. Higher volumes, better pricing, and favorable foreign currency influenced ALB’s revenue growth and offset the divestiture effect of its polyolefin catalysts and components business to W.R. Grace (GRA). All three of ALB’s reporting segments witnessed revenue growth. On a year-over-year basis, the Lithium segment led the revenue growth with 30. ...
Albemarle Corp ALB.N, the world's largest producer of electric car battery ingredient lithium, said on Wednesday it would double its stock buyback for the year to $500 million, sending its shares up more ...
NEW YORK, NY / ACCESSWIRE / August 8, 2018 / Albemarle Corporation (NYSE: ALB ) will be discussing their earnings results in their Q2 Earnings Call to be held on August 8, 2018 at 9:00 AM Eastern Time. ...
Albemarle Corp, the world's largest producer of lithium, tripled its quarterly profit, beating expectations, and raised its 2018 forecast on Tuesday as sales surge for the mineral used to make electric car batteries. The results reflect rising demand from Tesla Inc, Volkswagen AG and others for electric-powered automobiles, which are projected to comprise an increasingly larger share of the global auto market in the coming decades. Albemarle posted second-quarter net income of $302.5 million, or $2.73 per share, compared with $103.3 million, or 92 cents per share, in the year-ago quarter.
Albemarle (ALB) delivered earnings and revenue surprises of 6.25% and 6.80%, respectively, for the quarter ended June 2018. Do the numbers hold clues to what lies ahead for the stock?