Albemarle (NYSE:ALB) updated its FY18 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $5.00-5.40 for the period, compared to the Thomson Reuters consensus estimate of $5.14. The company issued revenue guidance of $3.2-3.4 billion, compared to the consensus revenue estimate of $3.23 billion.
A number of research firms have weighed in on ALB. Loop Capital set a $130.00 target price on shares of Albemarle and gave the company a buy rating in a research report on Friday, March 2nd. SunTrust Banks increased their target price on shares of Albemarle to $110.00 and gave the company a hold rating in a research report on Thursday, March 1st. Royal Bank of Canada decreased their target price on shares of Albemarle from $133.00 to $100.00 and set a buy rating for the company in a research report on Friday, March 2nd. Zacks Investment Research downgraded shares of Albemarle from a buy rating to a hold rating in a research report on Tuesday, December 19th. Finally, Jefferies Group increased their target price on shares of Albemarle from $156.00 to $162.00 and gave the company a buy rating in a research report on Tuesday, November 14th. Eight investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Albemarle has a consensus rating of Buy and an average target price of $128.07.
Shares of Albemarle (NYSE ALB) traded down $2.46 on Wednesday, hitting $100.33. The company had a trading volume of 1,963,494 shares, compared to its average volume of 2,564,634. Albemarle has a 12 month low of $90.49 and a 12 month high of $144.99. The company has a current ratio of 2.06, a quick ratio of 1.57 and a debt-to-equity ratio of 0.37. The company has a market cap of $11,190.00, a PE ratio of 23.61, a P/E/G ratio of 1.24 and a beta of 1.59.
Albemarle (NYSE:ALB) last issued its earnings results on Tuesday, February 27th. The specialty chemicals company reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.21 by $0.13. Albemarle had a return on equity of 13.27% and a net margin of 1.79%. The company had revenue of $857.79 million for the quarter, compared to analysts’ expectations of $791.46 million. analysts anticipate that Albemarle will post 5.11 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Thursday, March 15th will be issued a $0.335 dividend. This is a boost from Albemarle’s previous quarterly dividend of $0.32. This represents a $1.34 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date of this dividend is Wednesday, March 14th. Albemarle’s dividend payout ratio (DPR) is currently 30.12%.
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Albemarle Company Profile
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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