Albemarle Corporation (ALB)
| Market Cap | 10.42B |
| Revenue (ttm) | 6.50B |
| Net Income (ttm) | -1.97B |
| Shares Out | 117.54M |
| EPS (ttm) | -16.75 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | $1.62 (1.83%) |
| Ex-Dividend Date | Dec 13, 2024 |
| Volume | 2,163,299 |
| Open | 87.87 |
| Previous Close | 88.92 |
| Day's Range | 87.52 - 90.54 |
| 52-Week Range | 71.97 - 153.54 |
| Beta | 1.55 |
| Analysts | Hold |
| Price Target | 115.95 (+30.8%) |
| Earnings Date | Feb 12, 2025 |
About ALB
Albemarle Corporation develops, manufactures, and markets engineered specialty chemicals 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; technical services for the handling and use of reactive lithium products; and lithium-containing by-products recycling services. The Specialties segment provides bromine-based specialty chemicals, including elemental bromine, alkyl and inorganic bromi... [Read more]
Financial Performance
In 2023, Albemarle's revenue was $9.62 billion, an increase of 31.38% compared to the previous year's $7.32 billion. Earnings were $1.57 billion, a decrease of -41.50%.
Financial StatementsAnalyst Forecast
According to 22 analysts, the average rating for ALB stock is "Hold." The 12-month stock price forecast is $115.95, which is an increase of 30.80% from the latest price.
News
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...
67 Aristocrats November Dividend Cornucopia Has 39 'Safer' And 2 Ideal Dogs
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 ...
Albemarle Announces Quarterly Common Stock Dividend
CHARLOTTE, N.C., Oct. 28, 2024 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a global leader in providing essential elements for mobility, energy, connectivity and health, announced today that it...
Lithium Miners News For The Month Of October 2024
Lithium prices were flat the past month. Lithium market news - The US government is reportedly examining price support mechanisms for domestic critical mineral projects. BloombergNEF forecasts lithium...
Albemarle May Be The Next Lithium Stock To Surge
Arcadium Lithium's stock surged 150% after Rio Tinto's $6.7B takeover, highlighting the growing interest in the lithium sector and its future potential. Albemarle Corporation, despite a significant ea...
Top 5 Beaten Down Lithium Companies To Buy Now
Lithium prices have likely bottomed, with improvements expected in 2025/2026 and potential deficits in 2027-2029, signaling a potential market recovery. Top lithium stocks to buy now include Albemarle...
Calls of the Day: Amgen, Albemarle, Tesla, Broadcom and Caterpillar
The Investment Committee discuss the latest Calls Of The Day.
Top 5 Tax-Loss Stocks To Sell By October 31, 2024
Wolfe Research recommends selling certain stocks based on year-to-date returns and volume-weighted average price, especially before mutual funds' October 31 year-end. Investors should consider tax-los...
Albemarle Corporation (ALB) Announces Leadership Changes Amid New Operating Structure
Albemarle Corporation (ALB, Financial), a global leader in specialty chemicals, has announced significant changes in its leadership team as part of a strategic shift to a new operating structure. This...
Albemarle Announces New Operating Structure to Increase Agility, Drive Cost Efficiencies and Maintain Long-Term Competitiveness
Decision marks next step in comprehensive review of cost and operating structure CHARLOTTE, N.C. , Oct. 7, 2024 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a global leader in providing essentia...
Is Rio Tinto Group On The Hunt For Lithium Producers?
Rio Tinto "may" be in initial negotiations for a major lithium acquisition, potentially involving Albemarle or Arcadium Lithium. Despite the speculative nature, the potential acquisition has positivel...
Lithium Stocks Surge on Report Rio Tinto May Be Considering Acquisition
Shares of Albemarle (ALB), Arcadium Lithium (ALTM), and Sociedad Quimica y Minera, or SQM (SQM), jumped Friday following a report that mining giant Rio Tinto (RIO) could be looking to buy a company in...
Albemarle Stock Surge Despite Uncertainty of Rio Tinto's Lithium Acquisitions
October 4, 2024 - Rises on news that Rio Tinto Plc (RIO, Financial) is considering lithium acquisitions, as reported by The Australian despite no guarantee of successful acquisition.