Skip to main content

Albemarle Corporation (ALB)

NYSE: ALB · IEX Real-Time Price · USD
227.64 -1.51 (-0.66%)
Sep 24, 2021 2:36 PM EDT - Market open
Market Cap26.88B
Revenue (ttm)3.23B
Net Income (ttm)703.21M
Shares Out116.81M
EPS (ttm)6.33
PE Ratio35.99
Forward PE45.25
Dividend$1.55 (0.68%)
Ex-Dividend DateSep 16, 2021
Volume367,107
Open227.47
Previous Close229.15
Day's Range224.72 - 229.67
52-Week Range81.79 - 252.67
Beta1.58
AnalystsHold
Price Target229.81 (+1.0%)
Est. Earnings DateNov 3, 2021

About ALB

Albemarle Corporation develops, manufactures, and markets engineered specialty chemicals worldwide. It operates through three segments: Lithium, Bromine Specialties, and Catalysts. The Lithium segment offers lithium compounds, including lithium carbonate, lithium hydroxide, lithium chloride, and lithium specialties; and reagents, such as butyllithium and lithium aluminum hydride for use in lithium batteries for consumer electronics and electric vehicles, high performance greases, thermoplastic elastomers for car tires, rubber soles, plastic bot...

IndustryChemicals
IPO DateFeb 17, 1994
CEOJerry Masters
Employees5,900
Stock ExchangeNYSE
Ticker SymbolALB
Full Company Profile

Financial Performance

In 2020, Albemarle's revenue was $3.13 billion, a decrease of -12.83% compared to the previous year's $3.59 billion. Earnings were $375.76 million, a decrease of -29.53%.

Financial Statements

Analyst Forecast

According to 22 analysts, the average rating for Albemarle stock is "Hold." The 12-month stock price forecast is 229.81, which is an increase of 0.95% from the latest price.

Price Target
$229.81
(0.95% upside)
Analyst Consensus: Hold

News

Albemarle Corporation to Release Third-Quarter 2021 Earnings Results on Wednesday, Nov. 3, 2021

CHARLOTTE, N.C., Sept. 21, 2021 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a leader in the global specialty chemicals industry, announced today that it will release its third-quarter 2021 earnin...

2 days ago - PRNewsWire

7 Momentum Stocks That Show No Signs of Slowing Down

Momentum stocks rely on a strategy of buying into strength. These performers are all worth buying into at the moment.

Other symbols:AAPLBKRDREGMEMRNANFLX
1 week ago - InvestorPlace

Why This Albemarle Analyst Is Lifting Their Price Target

Albemarle Corporation (NYSE:ALB) will benefit as electric vehicle production growth accelerates, according to a RBC Capital Markets analyst.  The Albemarle Analyst: Arun Viswanathan maintained a Perform...

1 week ago - Benzinga

4 Lithium Stocks to Bet on as Demand Booms

Lithium stocks that are positioned to trend higher with multi-year industry tailwinds. Strong demand to sustain from EV industry.

Other symbols:LACPLLSLI
1 week ago - InvestorPlace

Bourier Lithium Project Update: Lomiko Metals and Critical Elements Report Discoveries and Identify Lithium Targets f...

MONTREAL--(BUSINESS WIRE)---- $ALB #Cobalt--Gold Spot and Critical Elements Uses AI to Identify Significant Lithium Targets at Lomiko's Bourier Project

1 week ago - Business Wire

ALB Stock: Why Albemarle and Other Lithium Stocks Are Slipping Today

Today, shares of Albermarle and ALB stock are more than 6% lower as the company battles various union-related concerns. The post ALB Stock: Why Albemarle and Other Lithium Stocks Are Slipping Today appe...

1 week ago - InvestorPlace

Union at Albemarle Atacama plant rejects new contract offer, strike continues

A Chilean union at Albemarle Corp, the world's top lithium producer, said on Monday it had rejected the company's latest labor contract offer, leaving workers to continue a walk off that has extended fo...

1 week ago - Reuters

Albemarle expects up to 35% EBITDA growth in 2022 on strong lithium demand

(Kitco News) - The company's full-year 2022 adjusted EBITDA is expected to be up 25% to 35% versus 2021 primarily due to higher pricing and volumes for lithium.

2 weeks ago - Kitco

Albemarle to Provide Strategic Update at Investor Day

CHARLOTTE, N.C., Sept. 10, 2021 /PRNewswire/ --  Albemarle Corporation  (NYSE: ALB), a leader in the global specialty chemicals industry, will host its 2021 Investor Day event today at 8:30 a.m.

2 weeks ago - PRNewsWire

Lomiko Metals Inc. Launches New Bilingual Web Site to Communicate with Investors and Stakeholders on Positive PEA for...

MONTREAL--(BUSINESS WIRE)---- $ALB #Cobalt--Lomiko Metals launches new www.lomiko.com web site and reviews PEA highlights.

2 weeks ago - Business Wire

Why Is Albemarle (ALB) Up 11.6% Since Last Earnings Report?

Albemarle (ALB) reported earnings 30 days ago. What's next for the stock?

3 weeks ago - Zacks Investment Research

Albemarle Begins Third-Party Audit in Chile Using IRMA's Standard for Responsible Mining

CHARLOTTE, N.C., Sept. 2, 2021 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a leader in the global specialty chemicals industry and in lithium extraction and production, announced today that it ha...

3 weeks ago - PRNewsWire

Lithium Stocks: Is a Big Boost Coming for ‘New Oil' Plays ALB, LAC and LTHM?

Demand for electric vehicles is booming, but this trend has created a unique opportunity for lithium stocks. The post Lithium Stocks: Is a Big Boost Coming for ‘New Oil' Plays ALB, LAC and LTHM?

Other symbols:LACLCIDLTHMPLLSQMTSLA
3 weeks ago - InvestorPlace

Lomiko Retains Hemmera for Environmental Base-line Studies and Bridge © for Community Consultation Meetings on La Lou...

MONTREAL--(BUSINESS WIRE)---- $ALB #Cobalt--Lomiko Hires Hemmera for Environmental Baseline and Bridge for Community Relations

4 weeks ago - Business Wire

Analyst Says Lithium Stocks Pricing In 'Unreasonable Growth'

Lithium prices have been red hot, sparking big rallies in Albemarle Corporation (NYSE:ALB) and Livent Corp (NYSE:LTHM) in the past year. Prices have started to stabilize as of late and one analyst said ...

Other symbols:LTHM
1 month ago - Benzinga

4 Stocks Insiders Are Selling

When insiders sell shares, it indicates their concern in the company's prospects or that they view the stock as being overpriced. Either way, this signals an opportunity to go short on the stock.

Other symbols:FBSCHWSNAP
1 month ago - Benzinga

DOW vs. ALB: Which Stock Is the Better Value Option?

DOW vs. ALB: Which Stock Is the Better Value Option?

Other symbols:DOW
1 month ago - Zacks Investment Research

Albemarle (ALB) Earnings Surpass Estimates in Q2, Sales Lag

Albemarle (ALB) benefits from higher sales from its Lithium and Bromine business segments in the second quarter.

1 month ago - Zacks Investment Research

Albemarle (ALB) Q2 Earnings Top Estimates

Albemarle (ALB) delivered earnings and revenue surprises of 7.23% and -1.68%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

1 month ago - Zacks Investment Research

Albemarle net income jumps 396% in Q2 on one-time sale gain

(Kitco News) - The company said its net income was $424.6 million in Q2 2021, or $3.62 per diluted share, which increased by $339.0 million or 396% over Q2 2020.

1 month ago - Kitco

Albemarle: Q2 Earnings Insights

Shares of Albemarle (NYSE:ALB) decreased in after-market trading after the company reported Q2 results. Quarterly Results Earnings per share were up 3.49% year over year to $0.89, which beat the estimat...

1 month ago - Benzinga

Albemarle Reports Second-Quarter Results

CHARLOTTE, N.C., Aug. 4, 2021 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB) today announced its results for the second quarter ended June 30, 2021.

1 month ago - PRNewsWire

Why Shares of Albemarle Jumped 22% in July

Wall Street had nice things to say about this lithium stock, and investors were listening.

1 month ago - The Motley Fool

Up 8% Last Week, Will Albemarle Stock Continue To Rally?

Albemarle stock, a chemicals company that is also one of the largest producers of lithium - a key raw material for electric vehicle batteries - has seen its stock rise by about 8% over the last week (fi...

1 month ago - Forbes

7 Infrastructure Stocks to Buy as America Rebuilds

With momentum rising for President Joe Biden's plan to "Build Back Better," these infrastructure stocks could benefit if the bill passes. The post 7 Infrastructure Stocks to Buy as America Rebuilds appe...

Other symbols:AACATCCIMWAOLNVMC
1 month ago - InvestorPlace