Headlines about Albemarle Corporation (NYSE:ALB) have trended positive this week, Accern Sentiment Analysis reports. The research group identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Albemarle Corporation earned a news impact score of 0.25 on Accern’s scale. Accern also assigned news headlines about the specialty chemicals company an impact score of 46.1159188241099 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news headlines that may have impacted Accern’s scoring:
- Jefferies Group Weighs in on Albemarle Corporation’s FY2017 Earnings (ALB) (americanbankingnews.com)
- Albemarle Corporation (ALB) Price Target Increased to $156.00 by Analysts at Jefferies Group LLC (americanbankingnews.com)
- Albemarle Corporation’s (ALB) “Buy” Rating Reiterated at Royal Bank Of Canada (americanbankingnews.com)
- ETFs with exposure to Albemarle Corp. : September 20, 2017 (finance.yahoo.com)
- Albemarle asks to increase lithium production limit in Chile – Seeking Alpha (seekingalpha.com)
Albemarle Corporation (NYSE ALB) traded down 0.44% during midday trading on Friday, reaching $134.29. 1,324,237 shares of the company’s stock traded hands. The stock’s 50 day moving average price is $117.92 and its 200-day moving average price is $111.37. The stock has a market cap of $14.84 billion, a PE ratio of 17.17 and a beta of 1.61. Albemarle Corporation has a one year low of $76.32 and a one year high of $135.26.
Albemarle Corporation (NYSE:ALB) last released its quarterly earnings results on Monday, August 7th. The specialty chemicals company reported $1.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.11 by $0.02. The business had revenue of $737.25 million during the quarter, compared to the consensus estimate of $735.50 million. Albemarle Corporation had a return on equity of 11.59% and a net margin of 31.49%. The business’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.93 EPS. Equities analysts predict that Albemarle Corporation will post $4.37 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 15th will be paid a dividend of $0.32 per share. The ex-dividend date is Thursday, September 14th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.95%. Albemarle Corporation’s dividend payout ratio is currently 16.41%.
Several research firms have recently issued reports on ALB. Jefferies Group LLC upped their target price on shares of Albemarle Corporation from $144.00 to $156.00 and gave the stock a “buy” rating in a research note on Thursday. Royal Bank Of Canada reiterated a “buy” rating and issued a $136.00 target price on shares of Albemarle Corporation in a research note on Wednesday. Instinet upped their target price on shares of Albemarle Corporation from $134.00 to $146.00 and gave the stock a “buy” rating in a research note on Monday. BidaskClub lowered shares of Albemarle Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Finally, KeyCorp reiterated a “buy” rating and issued a $125.00 target price on shares of Albemarle Corporation in a research note on Sunday, September 3rd. Seven research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $113.17.
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In other Albemarle Corporation news, CFO Scott Tozier sold 25,000 shares of the business’s stock in a transaction dated Friday, July 7th. The stock was sold at an average price of $110.13, for a total transaction of $2,753,250.00. Following the completion of the sale, the chief financial officer now directly owns 57,506 shares in the company, valued at approximately $6,333,135.78. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Matthew Juneau sold 5,397 shares of the business’s stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $115.77, for a total value of $624,810.69. Following the sale, the executive vice president now owns 360 shares of the company’s stock, valued at $41,677.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 91,897 shares of company stock valued at $10,215,486. Corporate insiders own 0.74% of the company’s stock.
About Albemarle Corporation
Albemarle Corporation is a global developer, manufacturer and marketer of highly-engineered specialty chemicals. The Company operates through three segments: Lithium and Advanced Materials, Bromine Specialties and Refining Solutions. Lithium and Advanced Materials segment consist of two product categories: Lithium and Performance Catalyst Solutions.
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