Albemarle Corporation (ALB)
| Market Cap | 9.55B |
| Revenue (ttm) | 5.38B |
| Net Income (ttm) | -1.32B |
| Shares Out | 117.57M |
| EPS (ttm) | -11.20 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | $1.62 (2.00%) |
| Ex-Dividend Date | Dec 13, 2024 |
| Volume | 1,180,668 |
| Open | 82.81 |
| Previous Close | 82.51 |
| Day's Range | 80.77 - 84.04 |
| 52-Week Range | 71.97 - 143.19 |
| Beta | 1.59 |
| Analysts | Hold |
| Price Target | 109.05 (+34.3%) |
| Earnings Date | Feb 12, 2025 |
About ALB
Albemarle Corporation provides energy storage solutions worldwide. It operates through three segments: Energy Storage, Specialties, and Ketjen. The Energy Storage segment offers lithium compounds, including lithium carbonate, lithium hydroxide, and lithium chloride for use in lithium batteries used in consumer electronics and electric vehicles, power grids and solar panels, high performance greases, specialty glass used in consumer appliances and electronics, organic synthesis processes in the areas of steroid chemistry and vitamins, and variou... [Read more]
Financial Performance
Financial StatementsAnalyst Forecast
According to 21 analysts, the average rating for ALB stock is "Hold." The 12-month stock price forecast is $109.05, which is an increase of 34.30% from the latest price.
News
Albemarle Corporation to Participate in February 2025 Investor Conferences
CHARLOTTE, N.C. , Feb. 17, 2025 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a global leader in providing essential elements for mobility, energy, connectivity and health, today announced that K...
Albemarle: Breaking Free
Albemarle faced a tough year with a 50% revenue drop due to reduced EV demand and lower lithium prices but maintained liquidity and positive cash flows. Despite short-term challenges, the long-term ou...
Albemarle Corporation (ALB) Q4 2024 Earnings Call Transcript
Albemarle Corporation (NYSE:ALB) Q4 2024 Earnings Call February 13, 2025 8:00 AM ET Company Participants Meredith Bandy - VP, IR and Sustainability Kent Masters - Chairman and CEO Neal Sheorey - EVP ...
Albemarle swings to quarterly profit as cost cuts offset lithium price drop
Albemarle , the world's largest producer of lithium, said on Wednesday it swung to a quarterly profit as cost cuts helped offset plunging prices for the metal used to make electric vehicle batteries.
Albemarle Reports Fourth Quarter and Full Year 2024 Results
CHARLOTTE, N.C. , Feb. 12, 2025 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a global leader in providing essential elements for mobility, energy, connectivity and health, today announced its re...
Albemarle: Stock Lines Up For A Secular Buy
If you bought Albemarle for its low P/E ratio when it was at $300, you should sell now as earnings will be negative. But investors who understand cyclicality look at the price-to-sales ratio and would...
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Albemarle Corporation to Release Fourth-Quarter 2024 Earnings Results on Wednesday, February 12, 2025
CHARLOTTE, N.C. , Jan. 9, 2025 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a global leader in providing essential elements for mobility, energy, connectivity and health, announced today that i...
My Best Dividend Aristocrats For January 2025
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Lamb Weston, Albemarle Rise as Stock Market's Biggest Losers Become Its Winners
The frozen-food supplier and lithium miner are top performers in the S&P 500 on Friday.
Albemarle Stock Is My Top Pick For Next Year And For The Rest Of The Decade
Lithium prices have dropped 85% from their peak, causing Albemarle's stock to fall by two-thirds, but a market turnaround is likely to happen soon, given that miners are cutting costs. Continued lithi...
Albemarle Corporation to Participate in Virtual Fireside Chat at the Deutsche Bank 9th Annual Lithium & Battery Supply Chain Conference
CHARLOTTE, N.C. , Dec. 2, 2024 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a global leader in providing essential elements for mobility, energy, connectivity, and health, announced today that ...
Albemarle: Financial Resiliency And A Strong Industry Outlook Justify A Bullish Outlook
Electric vehicles are the future, creating investment opportunities in lithium, with Albemarle Corporation as a solid ‘buy' candidate despite short-term challenges. Albemarle's stock rose 41.2% since ...
Albemarle Preferred Shares Are Awful, Get Better Yield This Way
Mandatory convertible preferred shares like ALB.PR.A are almost as risky as common shares. Most investors are in it for the fixed coupon and don't understand their potential losses. We saw this in the...
My Best Dividend Aristocrats For December 2024
The ProShares S&P 500 Dividend Aristocrat ETF is up 10.26% year-to-date through October. I present 3 strategies that can theoretically beat the dividend aristocrat index in the long term. After 40 mon...
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November's top-yielding Aristocrats include Franklin Resources, Amcor, Hormel, and Kenvue, meeting the dogcatcher ideal of dividends from $1K invested exceeding single share prices. Analysts forecast ...
Albemarle: Don't Lose Faith Now
Albemarle is adjusting its business model due to slow EV demand, leading to reduced new mine construction and potential future price boosts. The lithium miner reported Q3'24 revenues dropped 39% to $1...
Albemarle Corporation (ALB) Q3 2024 Earnings Call Transcript
Albemarle Corporation (NYSE:ALB) Q3 2024 Earnings Conference Call November 7, 2024 8:00 AM ET Company Participants Kent Masters - Chairman, President, and CEO Neal Sheorey - EVP and CFO Netha Johnson...
Albemarle loses more than $1 billion in Q3 on falling lithium prices
Albemarle , the world's largest lithium producer, said on Thursday it lost more than $1 billion in the third quarter and that it would slash its capital budget amid a 71% drop in prices for the electr...
Albemarle Reports Third Quarter 2024 Results
CHARLOTTE, N.C. , Nov. 6, 2024 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a global leader in providing essential elements for mobility, energy, connectivity and health, today announced its res...
Albemarle: Navigating Stormy Seas With Limited Visibility
Albemarle Corporation's stock remains a “Sell” due to declining revenue, profitability issues, and significant overvaluation despite a 17% price drop since January. Lithium prices have halved over the...
My Best Dividend Aristocrats For November 2024
The ProShares S&P 500 Dividend Aristocrats ETF went on a great run during Q3, gaining 11.6% during the quarter. I present 3 strategies that can theoretically beat the dividend aristocrat index in the ...
Here's Why Albemarle Stock Rose 5% To Lead the S&P 500 on Monday
Shares of Albemarle (ALB), the world's largest lithium producer, surged 5% on Monday, earning the top performance in the S&P 500. The gains followed the U.S. government's approval late last week of a ...