Albemarle Corporation (ALB)

NYSE: ALB · IEX Real-Time Price · USD
128.59
+7.07 (5.82%)
At close: Feb 27, 2024, 4:00 PM
128.85
+0.26 (0.20%)
After-hours: Feb 27, 2024, 7:59 PM EST
5.82%
Market Cap 14.27B
Revenue (ttm) 9.62B
Net Income (ttm) 1.57B
Shares Out 117.40M
EPS (ttm) 13.36
PE Ratio 9.63
Forward PE 31.07
Dividend $1.60 (1.24%)
Ex-Dividend Date Mar 14, 2024
Volume 3,475,005
Open 127.44
Previous Close 121.52
Day's Range 126.50 - 130.32
52-Week Range 108.39 - 263.25
Beta 1.61
Analysts Buy
Price Target 173.63 (+35.03%)
Earnings Date Feb 14, 2024

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]

Sector Materials
IPO Date Feb 17, 1994
Employees 9,000
Stock Exchange NYSE
Ticker Symbol ALB
Full Company Profile

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 Statements

Analyst Forecast

According to 19 analysts, the average rating for ALB stock is "Buy." The 12-month stock price forecast is $173.63, which is an increase of 35.03% from the latest price.

Price Target
$173.63
(35.03% upside)
Analyst Consensus: Buy
Stock Forecasts

News

3 lithium stocks to ride a multi-year cycle

The world used to run on coal and other types of fuel that powered the different titans of industry. This cycle started with transportation through railways to factories and steel mills that were the ...

Other symbols: BYDDFLAC
12 hours ago - MarketBeat

Albemarle Announces Quarterly Dividend

CHARLOTTE, N.C. , Feb. 22, 2024 /PRNewswire/ -- The Board of Directors of Albemarle Corporation (NYSE: ALB) announces that it has declared a quarterly dividend of $0.40 per share.

5 days ago - PRNewsWire

Albemarle Corporation to Present at the BMO 33rd Global Metals, Mining & Critical Minerals Conference

CHARLOTTE, N.C. , Feb. 19, 2024 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a global leader in providing essential elements for mobility, energy, connectivity, and health, announced today that ...

8 days ago - PRNewsWire

Albemarle Stock Is Falling After Blow-Out Earnings. Is Lithium Bottoming?

Lithium miner Albemarle reported fourth-quarter earnings per share nearly twice the estimate. Battered lithium prices are making investors wary.

12 days ago - Barrons

Albemarle Reports Fourth Quarter and Full Year 2023 Results

Full-Year Net Sales Increase of 31%, Driven by 21% Volume Growth CHARLOTTE, N.C. , Feb. 14, 2024 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a global leader in providing essential elements for ...

13 days ago - PRNewsWire

Calls of the Day: Cleveland Cliffs, Palo Alto Networks, Albemarle and Costco

The Investment Committee debate the latest calls on Cleveland Cliffs, Palo Alto Networks, Albemarle and Costco.

Other symbols: CLFCOSTPANW
18 days ago - CNBC Television

Slowing EV sales sent lithium prices down almost 40% last year. What's next.

Not long ago, lithium prices were skyrocketing on fears of a supply shortfall, as growth in the electric-vehicle market lifted demand for the metal used in lithium-ion rechargeable batteries.

Other symbols: PLLSQM
5 weeks ago - Market Watch

Lithium Miner Albemarle Cuts Costs and Plans Layoffs as EV Demand and Lithium Prices Fall

Shares of Albemarle (ALB) lost ground Wednesday as the biggest lithium producer announced it was cutting costs and jobs, as well as taking other measures to save money because of “changing end-market ...

5 weeks ago - Investopedia

Lithium Miner Albemarle Is Cutting Jobs Amid EV Slowdown. The Stock Is Up.

Wednesday, lithium miner Albemarle announced head count reductions and less capital spending. Electric-vehicle demand isn't keeping up with lithium supply.

5 weeks ago - Barrons

Albemarle to cut staff, pause expansions amid falling lithium prices

Albemarle , the world's largest lithium producer, said on Wednesday it will cut jobs and defer spending on a U.S. refinery project as part of a wide-ranging plan to slash costs amid falling prices of ...

5 weeks ago - Reuters

Albermarle to cut jobs, capex in response to changes in the lithium value chain

Shares of Albermarle Corp. ALB, -0.08% rose 1.4% in premarket trading Wednesday, after the specialty chemical company announced cost-cutting actions to boost cash flow, due to changes market condition...

5 weeks ago - Market Watch

Albemarle Outlines Actions to Preserve Growth, Reduce Costs and Optimize Cash Flow

Proactive measures to re-phase growth investments and optimize cost structure to generate long-term financial flexibility and unlock > $750 million of cash flow over the near term CHARLOTTE, N.C. , Ja...

5 weeks ago - PRNewsWire

Albemarle Corporation to Release Fourth-Quarter 2023 Earnings Results on Wednesday, February 14, 2024

CHARLOTTE, N.C., Jan. 11, 2024 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a global leader in providing essential elements for mobility, energy, connectivity and health, announced today that it...

6 weeks ago - PRNewsWire

3 Buys and a Bail: Schneider Electric, Albemarle, ON Semiconductor & VinFast

Gina Sanchez, Lido Advisors chief market strategist, joins 'The Exchange' to discuss three buys and a bail, including Schneider Electric, Albemarle, ON Semiconductor, and VinFast.

Other symbols: ONVFS
2 months ago - CNBC Television

Here are the 20 worst-performing stocks among the S&P 500 in 2023

The U.S. stock market staged a remarkable rally in 2023, but 173 stocks in the S&P 500 were still down for the year.

Other symbols: AESBMYCAGDGDVNELENPH
2 months ago - Market Watch

3-Stock Lunch: SBUX, HOOD & ALB

Jerry Castellini, CastleArk Management chief investment officer, joins ‘Power Lunch' to discuss three stocks: Starbucks, Robinhood and Albemarle.

Other symbols: SBUXHOOD
3 months ago - CNBC Television

Midday Movers: Albemarle Falls After Downgrade, J.M. Smucker Rises on Profit Forecast

U.S. equities were mixed and little changed at midday after government data showed the number of job openings fell more than expected in October. The Dow and S&P 500 were lower, while the Nasdaq was u...

Other symbols: SJM
3 months ago - Investopedia

Albemarle Stock Falls on Downgrade

Piper Sandler downgraded the lithium miner's shares to Sell from Hold.

3 months ago - Barrons

Lower lithium prices weigh on Albermarle as UBS cuts price target

Chemical company Albermarle Corp. ALB, -4.29% saw its common stock price drop 4.4% on Tuesday as the biggest decliner in the S&P 500 SPX, -0.06%. UBS cut its price target for Albermarle to $130 a shar...

3 months ago - Market Watch

Albemarle And Other EV Vendor Stocks Are Having A Tough Year. What Lies Ahead?

In the U.S. sales of battery-electric vehicles have risen by about 49% over the first nine months, to 873,082 units per data from Cox Automotive.

Other symbols: TEL
3 months ago - Forbes

ALBEMARLE ANNOUNCES NEW SENIOR VICE PRESIDENT, CHIEF EXTERNAL AFFAIRS AND COMMUNICATIONS OFFICER

CHARLOTTE, N.C. , Nov. 17, 2023 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a global leader in providing essential elements for mobility, energy, connectivity, and health, today announced that ...

3 months ago - PRNewsWire

These 10 Stocks Are Laggards. They May Be Too Cheap To Ignore.

Stocks that are under-earning and trading below historical averages may benefit if inflation continues to cool, according to Wolfe Research.

Other symbols: ACARRCELHCPBEWHDKDP
3 months ago - Barrons

Capitalizing on value: 3 undervalued stocks ready for resurgence

When it comes down to it, all investing and trading is about nothing more than buying low and selling high. Ideally, you want to find stocks with as much upside as possible and just ride the wave.

Other symbols: MTCHPYPL
3 months ago - MarketBeat

3 Dividend Champions with room for dividend growth

The World Series champion Texas Rangers recently paid nice dividends for sports bettors. For stock investors, there's a different, more predictable group of dividend payers worth betting on — the Divi...

Other symbols: CBWST
3 months ago - MarketBeat

Top 4 Materials Stocks That Are Set To Fly In Q4 - Albemarle (NYSE:ALB), Flexible Solutions Intl (AMEX:FSI)

The most oversold stocks in the materials sector presents an opportunity to buy into undervalued companies.

Other symbols: FSIMGIHPACK
3 months ago - Benzinga