ALB - Albemarle Corporation

NYSE - Nasdaq Real Time Price. Currency in USD
66.70
-1.26 (-1.85%)
As of 1:50PM EDT. Market open.
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Previous Close67.96
Open66.50
Bid66.77 x 1100
Ask66.79 x 800
Day's Range66.16 - 67.22
52 Week Range66.16 - 108.74
Volume1,064,967
Avg. Volume1,438,669
Market Cap7.067B
Beta (3Y Monthly)0.96
PE Ratio (TTM)10.36
EPS (TTM)6.44
Earnings DateAug 5, 2019 - Aug 9, 2019
Forward Dividend & Yield1.47 (1.96%)
Ex-Dividend Date2019-06-13
1y Target Est101.69
Trade prices are not sourced from all markets
  • Thomson Reuters StreetEvents2 days ago

    Edited Transcript of ALB earnings conference call or presentation 9-May-19 1:00pm GMT

    Q1 2019 Albemarle Corp Earnings Call

  • Read This Before You Buy Albemarle Corporation (NYSE:ALB) Because Of Its P/E Ratio
    Simply Wall St.3 days ago

    Read This Before You Buy Albemarle Corporation (NYSE:ALB) Because Of Its P/E Ratio

    Today, we'll introduce the concept of the P/E ratio for those who are learning about investing. To keep it practical...

  • Tesla's Lithium Warning Supports Albemarle's Growth Plans
    Motley Fool6 days ago

    Tesla's Lithium Warning Supports Albemarle's Growth Plans

    Albemarle is swiftly expanding its lithium business. Electric-car maverick Tesla's commodity outlook suggests that's the right plan.

  • 5 Top Chemical Stocks to Buy
    InvestorPlace6 days ago

    5 Top Chemical Stocks to Buy

    In a market near all-time highs, chemical stocks look like a potential source of value. Shares of top chemical companies still look reasonably cheap, with many priced at a mid-teen -- or lower -- multiples to earnings and free cash flow.That said, there are some reasons why the sector appears cheap. Chemical stocks are notoriously cyclical, even those of the top chemical companies. That goes double for specialty manufacturers with narrow portfolios and/or those exposed to input costs of volatile commodities (among them oil). Earnings in the industry often don't grow in a straight line. Rather, some sort of choppiness is the norm, which dissuades some investors from entering the space at all. * 6 Chinese Stocks That Could Pop On a Trade Deal But there are some attractive stocks to buy in the space. The U.S. economy is strong, with no sign of imminent slowdown.Commodity costs are reasonably stable. And -- again -- valuations are cheap. Here are five chemical stocks to buy that look particularly intriguing, though not always for the same reasons.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Chemical Stocks to Buy: DowDuPont (DWDP)Source: Shutterstock DowDuPont (NYSE:DWDP) is one of the top chemical companies in the world. In fact, it's the global leader in sales. And yet DWDP stock doesn't appear to be getting much respect at the moment.DWDP trades at just 14.5x forward earnings, and there is value to be unlocked from the merger between Dow Chemical and DuPont. DWDP is spinning off three companies, leaving a specialty products business to be renamed DuPont.It's possible, if not likely, that the uncertainty around those decisions is holding down the DWDP share price. But the smart money seems to see quite a bit of value in the stock. The average Wall Street target price of $44 suggests about 43% upside, and 46%, including a 3%+ dividend yield, making it a good stock to buy. Chemical Stocks to Buy: Albemarle (ALB)Source: fdecomite via Flickr (Modified)The case for Albemarle (NYSE:ALB) is pretty simple. The world's biggest lithium producer presents a derivative play on the growth of electric vehicles like those produced by Tesla (NASDAQ:TSLA), as Larry Ramer argued earlier this year. Lithium is a key input for EV batteries, and Albemarle should benefit from increasing demand going forward.That case actually has been a negative so far in the past year. ALB stock is down by a third over the last 52 weeks. Analysts have expressed some concerns about potential oversupply, and rival Sociedad Quimica y Minera de Chile (NYSE:SQM) has said it will take Albemarle's No. 1 market share position within four years.Still, the selloff appears overdone. Like DWDP, analysts see big upside at ALB, with the consensus target implying nearly 50% gains. ALB's lithium business is growing in the near term, and it should have years of similar growth ahead, even if SQM does take share. * 6 Chinese Stocks That Could Pop On a Trade Deal Also consider that a forward price-to-earnings ratio of ten suggests its valuation is reasonable at worst, and so does an aggressive $500 million share repurchase program implemented last year. With TSLA stock struggling, Albemarle looks like a more reasonable, and potentially more attractive, play on the growth of electric vehicles, making it an attractive stock to buy. Chemical Stocks to Buy: W.R. Grace (GRA)Source: Shutterstock W.R. Grace (NYSE:GRA) has basically stalled out for the past few years. The company's spin-off and combination with Sealed Air (NYSE:SEE) hasn't helped the stock. Nor has solid growth, and a steady drumbeat of strong earnings reports (Grace has beat consensus on the top- and bottom-lines for seven straight quarters).At this point, though, that's not necessarily a bad thing. GRA always looked like one of the top chemical companies, but with a stock that traded at a questionable price … that's no longer the case. The forward P/E multiple has dropped below 15x, mostly in line with the sector.The company's exposure to gasoline, through its FCC (fluid catalytic cracking) business, does raise a risk, particularly for investors betting on exponential growth in electric vehicles. But GRA is well-managed, cheap and as I wrote in July 2018, an oft-cited takeover target. The past few years have been disappointing for GRA shareholders, but the next few might be much better. Chemical Stocks to Buy: H.B. Fuller (FUL)Source: Shutterstock H.B. Fuller (NYSE:FUL) already has had a nice run. Shares have risen about 30% from 2015 lows. But there's reason to see more upside ahead.Fuller is one of the leaders in the global adhesives market, competing with 3M and Germany's Henkel (OTCMKTS:HENKY), along with a myriad of smaller producers. Its 2017 acquisition of Royal Adhesives added to its scale and market share, while also boosting profits by nearly 50%.Management has set aggressive growth targets for 2020, backed by acquisition synergies, cost-cutting and a shift-toward higher-growth, value-added products. If Fuller can get to those targets -- or close -- there's easily double-digit annual returns on the way. * 6 Chinese Stocks That Could Pop On a Trade Deal Longer-term, the adhesives business is an attractive one. It's less cyclical than many other chemical end markets, and one where Fuller can continue to build and acquire market share to drive growth. At ~11x EBITDA and ~17x earnings, not all of Fuller's potential looks priced in. Chemical Stocks to Buy: Tronox (TROX)Source: Shutterstock Tronox (NYSE:TROX) is a stock only for investors with high tolerance for risk, as proven by the stock's multi-year chart. TROX traded above $35 in 2012; it was below $5 at the beginning of 2016. From there, the stock ran to $27, and now it trades below $11.A key reason is the company's reliance on titanium dioxide (TiO2) pigment, used in paints, plastics and other applications. TiO2 prices are notoriously volatile, which leads to swings in TROX earnings. Add on a reasonable amount of debt, steady M&A activity (including the sale of a business last year and the pending acquisition of another at the moment) and mining activity, and the volatility in TROX stock makes some sense.But it may also provide an opportunity. TROX trades at just five times next year's earnings-per-share estimates (though investors can't count 100% on the accuracy of any projections in such a fluid market).Again, this is not a stock for the faint of heart. It's a high-risk, high-reward play. But at a cheaper price, and with more certainty coming at some point in the next twelve months, there is a path for TROX stock to rebound nicely.As of this writing, Vince Martin did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy that Lost 10% Last Week * Top 7 Dow Jones Stocks of 2019 -- So Far * 5 Service Stocks That Can Win the Trade War -- According to Goldman Sachs Compare Brokers The post 5 Top Chemical Stocks to Buy appeared first on InvestorPlace.

  • Why Lithium Stocks Are Plunging Amid Electric Car Boom
    Investopedia7 days ago

    Why Lithium Stocks Are Plunging Amid Electric Car Boom

    Demand for lithium from automakers to smartphone producers is rising, but lithium stocks are plunging.

  • Reuters9 days ago

    U.S. Senate moves forward on plan to develop electric vehicle supply chain

    The Senate's Energy and Natural Resources Committee held a hearing on the American Mineral Security Act, which would help streamline regulation and permitting requirements for the development of mines for lithium, graphite and other EV minerals. The pending legislation would require a tally of metal reserves in the United States and seek to streamline permitting for the EV sector, an area where China already leads by a wide margin. The bipartisan legislation, which seeks in part to codify a late 2017 executive order on U.S. mineral development by President Donald Trump, was sponsored by U.S. senators Lisa Murkowski, Joe Manchin and others.

  • Wall Street Rains on Albemarle's Solid Q1 Performance
    Motley Fool10 days ago

    Wall Street Rains on Albemarle's Solid Q1 Performance

    The lithium segment struggled to overcome weather events in Chile, but the company's more mature businesses helped to partially offset the headwind.

  • 3 Stocks to Hold for the Next 20 Years
    Motley Fool11 days ago

    3 Stocks to Hold for the Next 20 Years

    This midstream giant, lithium producer, and apparel maker have long-term staying power.

  • Reuters13 days ago

    Livent executives to exit after lithium forecast slashed

    Livent Corp said on Friday that two senior executives were leaving to pursue other opportunities, coming just days after the lithium producer cut its 2019 forecast and warned that demand was slipping for a version of the white metal it produces. Philadelphia-based Livent said Chief Growth Officer Thomas Schneberger would leave at the end of the month and that Rasmus Gerdeman, head of strategy and investor relations, has already left. Livent has focused its business on one specific type of the white metal, hydroxide, which has seen weak demand in recent months due in part to uncertainty around China's electric vehicle subsidies.

  • ETF Trends13 days ago

    A Big Holding in Lithium ETF is Looking to Boost Output

    Albemarle Corp. (ALB) , the second-largest holding in the Global X Lithium & Battery Tech ETF (LIT) , is looking to increase lithium output in Chile. LIT, which is nearly nine years old, tracks the Solactive Global Lithium Index. One of the oldest thematic ETFs, LIT is designed to provide exposure to “the full lithium cycle, from mining and refining the metal, through battery production,” according to Global X.

  • Albemarle Corp (ALB) Q1 2019 Earnings Call Transcript
    Motley Fool14 days ago

    Albemarle Corp (ALB) Q1 2019 Earnings Call Transcript

    ALB earnings call for the period ending March 31, 2019.

  • Reuters14 days ago

    Albemarle touts new project to boost its Chilean lithium output by 30 percent

    Albemarle Corp said on Thursday it is moving forward on a project it claims will boost its Chilean lithium production by 30 percent without extracting more brine from the environmentally sensitive Salar de Atacama, the world's driest desert. Chief Executive Luke Kissam said on Thursday the company has successfully tested the process in a laboratory and in field tests, has ordered equipment and plans to start construction during the second quarter. Lithium output is closely watched by Chile, despite the $100 million in royalties the country collects annually from Albemarle, due to concerns about Atacama water and brine levels.

  • Reuters14 days ago

    Albemarle says new technology will boost Chilean lithium output by 30 percent

    Albemarle Corp said on Thursday it is moving forward on a project to boost Chilean lithium production by 30 percent without using more brine from the environmentally sensitive Salar de Atacama, the world's ...

  • Albemarle (ALB) is a Top Dividend Stock Right Now: Should You Buy?
    Zacks14 days ago

    Albemarle (ALB) is a Top Dividend Stock Right Now: Should You Buy?

    Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Albemarle (ALB) have what it takes? Let's find out.

  • Albemarle's (ALB) Earnings & Revenues Top Estimates in Q1
    Zacks14 days ago

    Albemarle's (ALB) Earnings & Revenues Top Estimates in Q1

    Albemarle (ALB) posted better-than-expected Q1 earnings despite weak results in its core Lithium segment.

  • Albemarle (ALB) Surpasses Q1 Earnings and Revenue Estimates
    Zacks15 days ago

    Albemarle (ALB) Surpasses Q1 Earnings and Revenue Estimates

    Albemarle (ALB) delivered earnings and revenue surprises of 1.65% and 3.01%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?

  • Reuters15 days ago

    Albemarle's lithium sales drop after Chilean rains

    Albemarle Corp, the world's largest producer of lithium used to make electric vehicle batteries, posted a better-than-expected quarterly profit on Wednesday as surging sales of flame retardant chemicals offset a dip in lithium sales. The weakness in its lithium unit, which executives have repeatedly labeled as the company's future, was largely due to torrential January rains at the company's mines in Chile, which rely on evaporation ponds to produce the white metal. The effects from the rain - lithium sales fell 2 percent during the quarter - had been expected, but still comes as anxiety grows about short-term demand for the metal.

  • Associated Press15 days ago

    Albemarle: 1Q Earnings Snapshot

    On a per-share basis, the Charlotte, North Carolina-based company said it had profit of $1.26. Earnings, adjusted for non-recurring gains, came to $1.23 per share. The results beat Wall Street expectations. ...

  • Reuters15 days ago

    Albemarle first-quarter profit rises, but lithium sales slip

    Albemarle Corp, the world's largest producer of lithium used to make electric vehicle batteries, posted a slight rise in quarterly profit on Wednesday as sales of flame retardant chemicals offset a dip ...

  • PR Newswire15 days ago

    Albemarle continues to deliver year over year revenue growth

    CHARLOTTE, N.C. , May 8, 2019 /PRNewswire/ -- First quarter 2019 highlights: First quarter net sales were $832.1 million ; earnings were $1.26 per diluted share Net sales grew 6% and adjusted diluted EPS ...

  • Benzinga15 days ago

    Q1 Earnings Preview For Albemarle

    Albemarle (NYSE: ALB ) unveils its next round of earnings this Wednesday, May 8. Here is Benzinga's everything-that-matters guide for the earnings announcement. Earnings and Revenue Based on management's ...

  • PR Newswire15 days ago

    Albemarle Corporation Announces Quarterly Dividend

    CHARLOTTE, N.C., May 8, 2019 /PRNewswire/ -- The board of directors of Albemarle Corporation (ALB) announces that it has declared a quarterly dividend of $0.3675 per share. Albemarle Corporation (ALB), headquartered in Charlotte, NC, is a global specialty chemicals company with leading positions in lithium, bromine and refining catalysts.

  • What to Watch When Albemarle Reports Q1 Earnings
    Motley Fool16 days ago

    What to Watch When Albemarle Reports Q1 Earnings

    The world's largest lithium producer could provide important updates about its long-term strategy.

  • Should You Buy Albemarle (ALB) Ahead of Earnings?
    Zacks16 days ago

    Should You Buy Albemarle (ALB) Ahead of Earnings?

    Albemarle (ALB) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.