Albemarle Corporation (ALB)

Market Cap	10.91B
Revenue (ttm)	8.40B
Net Income (ttm)	325.76M
Shares Out	117.53M
EPS (ttm)	2.77
PE Ratio	33.50
Forward PE	26.12
Dividend	$1.62 (1.75%)
Ex-Dividend Date	Sep 13, 2024

Volume	1,711,059
Open	92.54
Previous Close	91.00
Day's Range	90.60 - 93.16
52-Week Range	90.02 - 215.82
Beta	1.58
Analysts	Buy
Price Target	144.67 (+55.89%)
Earnings Date	Jul 31, 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...

• Industry: Specialty Chemicals
• Sector: Materials
• IPO Date: Feb 17, 1994
• Employees: 9,000
• Stock Exchange: NYSE
• Ticker Symbol: ALB

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%.

Analyst Forecast

According to 23 analysts, the average rating for ALB stock is "Buy." The 12-month stock price forecast is $144.67, which is an increase of 55.89% from the latest price.

Price Target

$144.67

(55.89% upside)

Analyst Consensus: Buy