Albemarle (ALB) Scheduled to Post Earnings on Wednesday

Albemarle (NYSE:ALBGet Free Report) will issue its quarterly earnings data after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of ($0.05) per share for the quarter. Parties that wish to listen to the company’s earnings conference call can do so using this link.

Albemarle Stock Up 2.4 %

ALB stock opened at $100.57 on Tuesday. The company has a market capitalization of $11.82 billion, a P/E ratio of -21.26 and a beta of 1.55. Albemarle has a 12 month low of $71.97 and a 12 month high of $153.54. The firm’s fifty day simple moving average is $92.35 and its 200-day simple moving average is $100.75. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.67 and a quick ratio of 1.75.

Albemarle Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 13th will be given a dividend of $0.405 per share. This represents a $1.62 annualized dividend and a yield of 1.61%. The ex-dividend date is Friday, December 13th. Albemarle’s dividend payout ratio is currently -34.25%.

Wall Street Analyst Weigh In

ALB has been the topic of a number of recent research reports. JPMorgan Chase & Co. lowered their target price on Albemarle from $115.00 to $78.00 and set a “neutral” rating on the stock in a research note on Monday, August 19th. Baird R W cut shares of Albemarle from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 5th. Citigroup decreased their target price on shares of Albemarle from $137.00 to $100.00 and set a “neutral” rating for the company in a research note on Friday, July 12th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Albemarle from $105.00 to $80.00 and set a “hold” rating on the stock in a report on Friday, August 16th. Finally, Royal Bank of Canada cut their price objective on shares of Albemarle from $128.00 to $111.00 and set an “outperform” rating for the company in a report on Tuesday, August 6th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $117.30.

Read Our Latest Stock Analysis on ALB

Albemarle Company Profile

(Get Free Report)

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.

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Earnings History for Albemarle (NYSE:ALB)

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