|Bid||0.00 x 800|
|Ask||92.72 x 800|
|Day's Range||88.01 - 89.90|
|52 Week Range||71.89 - 114.90|
|Beta (3Y Monthly)||1.11|
|PE Ratio (TTM)||28.60|
|Earnings Date||Feb 25, 2019 - Mar 1, 2019|
|Forward Dividend & Yield||1.34 (1.61%)|
|1y Target Est||107.93|
Albemarle Corp.’s fourth-quarter earnings topped analysts’ estimates, and it expects global lithium demand to grow 21 percent annually, with the market remaining tight for years as manufacturing of electric cars and large-scale batteries soars. Albemarle said it sees no evidence of a slowdown, with sales of new-energy vehicles doubling in China last year and indications that demand for electric cars will continue to benefit from government incentive programs in the Asian nation. Shares of Tianqi Lithium Corp., the third-largest, posted their highest closing price this year.
Stocks that moved substantially or traded heavily on Thursday: Avis Budget Group Inc., up $5.04 to $34.45 Higher pricing helped boost revenue for the car rental company and its quarterly profit beat forecasts. ...
climbed 5.98% to $87.76 Thursday after the lithium producer beat Wall Street's fourth-quarter earnings and revenue expectations. The company said revenue growth was driven by increased sales volumes and the favorable impact of sales pricing in each of Albemarle's reportable segments. For the year, Albemarle reported profit of $693.6 million, or $6.34 a share, and revenue totaled $3.37 billion.
Higher sales volumes and favorable pricing drove Albemarle's (ALB) results in Q4. The company provided an upbeat outlook for 2019.
Albemarle (ALB) delivered earnings and revenue surprises of 4.79% and 3.57%, respectively, for the quarter ended December 2018. Do the numbers hold clues to what lies ahead for the stock?
On a per-share basis, the Charlotte, North Carolina-based company said it had net income of $1.21. Earnings, adjusted for non-recurring costs, came to $1.53 per share. The results beat Wall Street expectations. ...
Shares of Albemarle Corp. rose more than 5% in the extended session Wednesday after the lithium producer beat Wall Street expectations for its fourth quarter and called for sales and profit growth this year. Albemarle earned $129.6 million, or $1.21 a share, versus a loss of $218.4 million, or $1.95 a share, in the fourth quarter of 2017. Adjusted for one-time items, Albemarle earned $163.7 million, or $1.53 a share, compared with $149.8 million, or $1.34 a share, a year ago. Revenue rose to $921.7 million, compared with $857.8 million a year ago. Analysts polled by FactSet had expected adjusted earnings of $1.47 a share on sales of $895 million. Albemarle said it expects sales between $3.65 billion and $3.85 billion, and adjusted profit between $6.10 a share and $6.50 a share for 2019. "Our growth will be driven by increased volume in our core lithium business," while other businesses will be flat, the company said. "We are not forecasting any significant macroeconomic headwinds and have not seen any decline in our customer demand forecasts."
Albemarle Corp, the world's largest lithium producer, posted a higher-than-expected quarterly profit on Wednesday and gave a bullish 2019 outlook, saying it sees nothing that could slow demand for the white metal used to make electric car batteries. The forecast for sales growth of up to 14 percent this year comes as anxiety grows among some investors that the race to supply lithium for batteries and other materials could flood the market, hurting profits by decreasing prices. Albemarle said it expects 2019 sales of $3.65 billion to $3.85 billion.
Albemarle Corp, the world's largest lithium producer, said on Wednesday it swung to a quarterly profit due to rising sales and prices for the white metal used to make electric car batteries. The company ...
CHARLOTTE, N.C. , Feb. 20, 2019 /PRNewswire/ -- Fourth quarter 2018 highlights: Fourth quarter net sales were $921.7 million , an increase of 7% over the prior year; earnings were $129.6 million , or $1.21 ...
On Wednesday, Albemarle (NYSE: ALB ) will release its latest earnings report. Benzinga's outlook for Albemarle is included in the following report. Earnings and Revenue Analysts covering Albemarle modeled ...
Update on Chemical Companies Last Week(Continued from Prior Part)Praxair announced an expansionOn February 11, Praxair, the wholly owned subsidiary of Linde (LIN), announced that it will double the capacity of the plant in Neosho, Missouri. The
Tina Craft, vice president of commercial operations at Albemarle Corp., is a 2019 honoree in the CBJ’s Women in Business awards program.
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Albemarle (ALB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.