Should I buy or sell Albemarle stock right now?

18 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Albemarle in the last year. There are currently 2 sell ratings, 8 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" ALB shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ALB, but not buy additional shares or sell existing shares. View ALB analyst ratings or view top-rated stocks .

What is Albemarle's stock price target for 2024?

18 Wall Street research analysts have issued 12-month price targets for Albemarle's shares. Their ALB share price targets range from $128.00 to $403.00. On average, they predict the company's share price to reach $205.16 in the next year. This suggests a possible upside of 79.4% from the stock's current price. View analysts price targets for ALB or view top-rated stocks among Wall Street analysts .

How have ALB shares performed in 2024?

Albemarle's stock was trading at $144.48 at the start of the year. Since then, ALB shares have decreased by 20.9% and is now trading at $114.33. View the best growth stocks for 2024 here .

Are investors shorting Albemarle?

Albemarle saw a increase in short interest in December. As of December 31st, there was short interest totaling 14,130,000 shares, an increase of 17.1% from the December 15th total of 12,070,000 shares. Based on an average trading volume of 3,170,000 shares, the days-to-cover ratio is currently 4.5 days. View Albemarle's Short Interest .

When is Albemarle's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 14th 2024. View our ALB earnings forecast .

How can I listen to Albemarle's earnings call?

Albemarle will be holding an earnings conference call on Thursday, February 15th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 647-362-9199.

How were Albemarle's earnings last quarter?

Albemarle Co. (NYSE:ALB) released its earnings results on Thursday, November, 2nd. The specialty chemicals company reported $2.74 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.70 by $0.96. The specialty chemicals company had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.52 billion. Albemarle had a net margin of 33.63% and a trailing twelve-month return on equity of 36.09%. The business's revenue was up 10.5% compared to the same quarter last year. During the same period in the previous year, the business posted $7.50 earnings per share. Read the conference call transcript .

How often does Albemarle pay dividends? What is the dividend yield for Albemarle?

Albemarle declared a quarterly dividend on Monday, October 23rd. Shareholders of record on Friday, December 15th will be given a dividend of $0.40 per share on Tuesday, January 2nd. This represents a $1.60 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend is Thursday, December 14th. Read our dividend analysis for ALB .

Is Albemarle a good dividend stock?

Albemarle (NYSE:ALB) pays an annual dividend of $1.60 per share and currently has a dividend yield of 1.42%. The company has been increasing its dividend for 29 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 5.67%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ALB will have a dividend payout ratio of 24.06% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for ALB .

What ETFs hold Albemarle's stock?

ETFs with the largest weight of Albemarle (NYSE:ALB) stock in their portfolio include Sprott Lithium Miners ETF (LITP) , Global X Lithium & Battery Tech ETF (LIT) , iShares Lithium Miners and Producers ETF (ILIT) , First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN) , VanEck Green Metals ETF (GMET) , ALPS Clean Energy ETF (ACES) , Optica Rare Earths & Critical Materials ETF (CRIT) and Sprott Energy Transition Materials ETF (SETM) .

What is Luther C. Kissam, IV's approval rating as Albemarle's CEO?

63 employees have rated Albemarle Chief Executive Officer Luther C. Kissam, IV on Glassdoor.com . Luther C. Kissam, IV has an approval rating of 75% among the company's employees.

What other stocks do shareholders of Albemarle own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Albemarle investors own include Intact Financial (IFC) , Constellation Software (CSU) , AutoCanada (ACQ) , Alimentation Couche-Tard (ATD.B) , AbbVie (ABBV) , Vermilion Energy (VET) , NVIDIA (NVDA) , Rogers Communications (RCI) and Alibaba Group (BABA) .

Who are Albemarle's major shareholders?

Albemarle's stock is owned by many different retail and institutional investors. Top institutional shareholders include Baillie Gifford & Co. (2.01%), Mirae Asset Global Investments Co. Ltd. (1.33%), Dimensional Fund Advisors LP (1.14%), Simplex Trading LLC (0.00%), Charles Schwab Investment Management Inc. (0.58%) and Swiss National Bank (0.31%). Insiders that own company stock include Eric Norris , J Kent Masters , John Clarence Barichivich III , Karen G Narwold, Karen G Narwold , Kristin M Coleman , Luther C Iv Kissam, Netha N Johnson , Raphael Goszcz Crawford and Scott Tozier . View institutional ownership trends .

How do I buy shares of Albemarle?

Shares of ALB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

Does Albemarle have any subsidiaries?

The following companies are subsidiares of Albemarle: ACI Cyprus L.L.C., Albemarle (Thailand) Co. Ltd., Albemarle Argentina S.R.L., Albemarle Brazil Holdings LTDA., Albemarle Care Fund, Albemarle Catalysts Company B.V., Albemarle Chemical Canada Ltd., Albemarle Chemicals (Shanghai) Co. Ltd., Albemarle Chemicals Ltd, Albemarle Chemicals Private Limited, Albemarle Chemicals SAS, Albemarle Chemicals South Africa (Proprietary) Limited, Albemarle Delaware Holdings 1 LLC, Albemarle Delaware Holdings 2 LLC, Albemarle Dutch Holdings 2 B.V., Albemarle Dutch Holdings B.V., Albemarle Europe SRL, Albemarle Finance Company B.V., Albemarle Foundation, Albemarle Germany Gmbh, Albemarle Hilfe GmbH Unterstützungskasse, Albemarle Holdings Company Limited, Albemarle Holdings Limited, Albemarle Hungary Ltd., Albemarle Italy S.R.L., Albemarle Japan Corporation, Albemarle Japan Holdings B.V., Albemarle Knight Lux 1 Holdings Corporation, Albemarle Korea Corporation, Albemarle Limitada, Albemarle Lithium (Jiangsu) Co. Ltd., Albemarle Lithium Holding Corporation, Albemarle Lithium Holding GmbH, Albemarle Lithium Pty Ltd, Albemarle Lithium UK Limited, Albemarle Malaysia Sdn Bhd., Albemarle Management (Shanghai) Co. Ltd., Albemarle Middle East FZE, Albemarle Netherlands B.V., Albemarle New Holding GmbH, Albemarle Overseas Employment Corporation, Albemarle Qúimica Ltda., Albemarle Saudi Trading Company, Albemarle Sichuan New Materials Co. Ltd., Albemarle Singapore Pte. Ltd., Albemarle Spain S.L., Albemarle Taiwan Limited, Albemarle U.S. Inc., Albemarle Vietnam Limited Liability Company, Albemarle Wodgina Pty Ltd, Albemarle de Venezuela C.A., Dynamit Nobel GmbH, Dynamit Nobel Unterstützungsfonds GmbH, Excalibur II Realty Company, Excalibur Realty Company, Foote Chile Holding Company, Foote Minera e Inversiones Limitada, Jiangxi Albemarle Lithium Co. Ltd., Jordan Bromine Company Ltd., Knight Lux 1 S.à r.l., Knight Lux 2 S.à r.l., MARBL Lithium Operations Pty Ltd, MRL’s Wodgina Project, Metalon Environmental Management & Solutions GmbH, PT Albemarle Chemicals Indonesia, RSG Immobilien GmbH, RT Lithium Limited, Rockwood Holdings, Rockwood Holdings Inc., Rockwood Lithium (Shanghai) Co. Ltd., Rockwood Lithium India Private Limited, Rockwood Lithium Japan K.K., Rockwood Lithium Korea LLC, Rockwood Lithium Taiwan Co. Ltd., Rockwood Specialties GmbH, Rockwood Specialties Group LLC, Rockwood Specialties LLC, Rockwood Specialties Limited, Sales de Magnesio Limitada, Shandong Sinobrom Albemarle Bromine Chemicals Company Limited, and Sichuan Guorun New Material Co. Ltd.. Read More

Most-Downgraded StocksMost-Downgraded

NYSE:ALB

Albemarle (ALB) Stock Price, News & Analysis

$114.33

-0.72 (-0.63%)

(As of 02/8/2024 ET)

Compare

Today's Range: $112.28
▼
$115.34
50-Day Range: $108.73
▼
$152.45
52-Week Range: $108.39
▼
$293.01

Volume: 2.39 million shs
Average Volume: 2.68 million shs
Market Capitalization: $13.42 billion

P/E Ratio: 4.05
Dividend Yield: 1.40%
Price Target: $205.16

Get Albemarle alerts:

Albemarle MarketRank™ Stock Analysis

Analyst Rating: Hold
2.33 Rating Score
Upside/Downside: 79.4% Upside
$205.16 Price Target
Short Interest: Bearish
12.04% of Shares Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -6.52
Upright™ Environmental Score
News Sentiment: 0.11
Based on 9 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: -68.66%
From $21.22 to $6.65 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.51 out of 5 stars

Basic Materials Sector

21st out of 171 stocks

Plastics Materials & Resins Industry

4th out of 11 stocks

4.2

Analyst's Opinion

Consensus Rating
Albemarle has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 8 buy ratings, 8 hold ratings, and 2 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $205.16, Albemarle has a forecasted upside of 79.4% from its current price of $114.33.
Amount of Analyst Coverage
Albemarle has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

1.0

Short Interest

Percentage of Shares Shorted
12.04% of the outstanding shares of Albemarle have been sold short.
Short Interest Ratio / Days to Cover
Albemarle has a short interest ratio ("days to cover") of 4.4.
Change versus previous month

4.2

Dividend Strength

Dividend Yield
Albemarle pays a meaningful dividend of 1.42%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Albemarle has been increasing its dividend for 29 years.
Dividend Coverage
The dividend payout ratio of Albemarle is 5.67%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Albemarle will have a dividend payout ratio of 24.06% next year. This indicates that Albemarle will be able to sustain or increase its dividend.

0.6

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Albemarle has received a -70.37% net impact score from Upright. The largest negative impact of Albemarle in category "GHG emissions" seems to be driven mostly by its "Battery additives", "Oil and gas industry chemicals", "Water purification chemicals", and "Lithium" products. See details.
Environmental Sustainability
The Environmental Impact score for Albemarle is -6.52.

2.8

News and Social Media Coverage

News Sentiment
Albemarle has a news sentiment score of 0.11. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.41 average news sentiment score of Basic Materials companies.
News Coverage This Week
MarketBeat has tracked 9 news articles for Albemarle this week, compared to 2 articles on an average week.
Search Interest
131 people have searched for ALB on MarketBeat in the last 30 days. This is an increase of 82% compared to the previous 30 days.
MarketBeat Follows
47 people have added Albemarle to their MarketBeat watchlist in the last 30 days. This is an increase of 52% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Albemarle insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.38% of the stock of Albemarle is held by insiders.
Percentage Held by Institutions
84.71% of the stock of Albemarle is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Albemarle are expected to decrease by -68.66% in the coming year, from $21.22 to $6.65 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Albemarle is 4.05, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 126.82.
Price to Earnings Ratio vs. Sector
The P/E ratio of Albemarle is 4.05, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 92.57.
Price to Earnings Growth Ratio
Albemarle has a PEG Ratio of 1.51. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Albemarle has a P/B Ratio of 1.64. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Albemarle Stock (NYSE:ALB)

Albemarle Corporation's history dates back to 1887. Today, the company is a leading specialty chemicals producer based in Charlotte, North Carolina.

Albemarle Corporation manufactures and markets custom-engineered specialty chemicals for various industries. This range of industries spreads across many sectors, including consumer electronics, pharmaceuticals, energy storage, petroleum refining, construction, automotive, lubricants, pharmaceuticals and crop protection. Albemarle Corporation operates through three core segments: lithium, bromine and catalysts.

The lithium segment develops and manufactures a range of lithium compounds. These compounds include lithium carbonate, lithium hydroxide and lithium chloride. Albemarle Corporation also manufactures value-added lithium specialty products and reagents, which include chemicals such as butyllithium and lithium aluminum hydride.

Customers use Albemarle's products in various applications, including pharmaceuticals, water treatment and paper production. Albemarle Corporation is the largest provider of lithium for electric vehicle batteries and lithium storage products. Albemarle Corporation's other applications include producing various plastic bottles, high-performance greases, thermoplastic elastomers for car tires and thermoplastic elastomers for rubber-soled footwear.

Albemarle Corporation's bromine segment refines bromine, a naturally occurring element similar to bleach. Albemarle Corporation also manufactures bromine-based fire safety solutions that enhance materials' flame-resistant properties. Albemarle Corporation's bromine segment also manufactures specialty chemicals such as elemental bromine, bromine alkyl, inorganic bromides, brominated powdered activated carbon and other bromine-refined chemicals. Consumers use the products developed in the Albemarle Corporation's bromine segment in various applications — chemical synthesis, petroleum well drilling, well drilling completion fluids, power generation mercury control, industrial water purification, consumable meat processing and other industrial applications.

The catalysts segment manufactures hydroprocessing, isomerization and alkylation catalysts, fluidized catalytic cracking catalysts, fluidized catalytic cracking additives, organometallics and organometallic curatives. The catalyst products created by Albemarle Corporation are used in petroleum refining applications. The same catalysts are used in producing biofuels, gas-to-liquid refinement and coal liquefaction. Albemarle Corporation also produces fine chemicals (chemical substances prepared to a very high degree of purity) for use in the pharmaceutical and life sciences industries.

Albemarle Corporation builds on its long history by providing innovative and reliable products to a wide range of industries. Albemarle Corporation firmly commits to safety, sustainability and product quality. The company is well-positioned for future growth with production plants in the United States, the Netherlands, Belgium, China, Germany, Austria, the United Kingdom, France, Brazil and Japan.

Albemarle Corporation was ranked on the Fortune 1000 list in 2020 with a ranking of 916. This ranking strengthened in 2021 and 2022 to 780 and 776, respectively.

ALB Stock Price History

30 days | 90 days | 365 days | Advanced Chart

ALB Stock News Headlines

February 7, 2024 | americanbankingnews.com

Albemarle (ALB) to Release Earnings on Wednesday

February 5, 2024 | seekingalpha.com

Albemarle: It's Time To Look At Lithium

February 8, 2024 | The Oxford Club (Ad)

Better Than Oil Stocks

The best way to profit from energy is NOT a stock...Rather, it's this little-known alternative investment.

February 4, 2024 | americanbankingnews.com

Scotiabank Comments on Albemarle Co.'s FY2023 Earnings (NYSE:ALB)

February 2, 2024 | americanbankingnews.com

Albemarle Co. to Post FY2025 Earnings of $10.69 Per Share, Scotiabank Forecasts (NYSE:ALB)

February 1, 2024 | americanbankingnews.com

UBS Group Lowers Albemarle (NYSE:ALB) Price Target to $137.00

January 30, 2024 | americanbankingnews.com

Albemarle (NYSE:ALB) Downgraded by TD Cowen to "Market Perform"

January 24, 2024 | finance.yahoo.com

Albemarle Corporation (NYSE:ALB) is favoured by institutional owners who hold 87% of the company

February 8, 2024 | The Oxford Club (Ad)

Better Than Oil Stocks

The best way to profit from energy is NOT a stock...Rather, it's this little-known alternative investment.

January 20, 2024 | seekingalpha.com

Albemarle: There May Be More Pain

January 18, 2024 | finance.yahoo.com

Albemarle (ALB) Trims CapEx, Optimizes Costs Amid Market Dynamics

January 17, 2024 | finance.yahoo.com

Albemarle Corporation: Albemarle: Focus Shifts to Free Cash Flow Generation Amid Lower Lithium Prices

January 17, 2024 | finanznachrichten.de

Albemarle Corporation: Albemarle Outlines Actions to Preserve Growth, Reduce Costs and Optimize Cash Flow

January 17, 2024 | investorplace.com

Albemarle Layoffs 2024: What to Know About the Latest ALB Job Cuts

January 17, 2024 | finance.yahoo.com

Albemarle Outlines Actions to Preserve Growth, Reduce Costs and Optimize Cash Flow

January 12, 2024 | seekingalpha.com

Albemarle: Worth Dealing With Short-Term Pain For Long-Term Gain

January 11, 2024 | finance.yahoo.com

Albemarle Corporation to Release Fourth-Quarter 2023 Earnings Results on Wednesday, February 14, 2024

January 10, 2024 | finance.yahoo.com

Is Now An Opportune Moment To Examine Albemarle Corporation (NYSE:ALB)?

January 9, 2024 | seekingalpha.com

Albemarle: Take Advantage Of Lithium's Rocky Run

December 26, 2023 | za.investing.com

Pro Research: Wall Street dives into Albemarle's lithium outlook

December 19, 2023 | seekingalpha.com

Albemarle: It's Finally Time To Be Greedy (Rating Upgrade)

December 15, 2023 | seekingalpha.com

Albemarle: Buy This Dirt-Cheap Dividend Aristocrat Before Everyone Else Does

December 12, 2023 | seekingalpha.com

Why Albemarle Is A Cyclical Value Trap

December 10, 2023 | seekingalpha.com

Albemarle Presents Technical Strength Amid Market Challenges

December 10, 2023 | seekingalpha.com

Down 60%, Albemarle Hasn't Been This Cheap In Decades

December 5, 2023 | proactiveinvestors.com

Albemarle stock could sag further as lithium price falls: analysts

December 5, 2023 | investorplace.com

Piper Sandler Is Souring on Albemarle (ALB) Stock

See More Headlines

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Company Calendar

Last Earnings: 11/02/2023
Ex-Dividend for 1/2 Dividend: 12/14/2023
Dividend Payable: 1/02/2024
Today: 2/08/2024
Next Earnings (Confirmed): 2/14/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Basic Materials
Industry: Plastics materials & resins
Sub-Industry: Specialty Chemicals
Current Symbol: NYSE:ALB
CUSIP: 01265310
CIK: 915913
Web: www.albemarle.com
Phone: (980) 299-5700
Fax: 225-388-7686
Employees: 7,400
Year Founded: 1994

Price Target and Rating

Average Stock Price Target: $205.16
High Stock Price Target: $403.00
Low Stock Price Target: $128.00
Potential Upside/Downside: +79.4%
Consensus Rating: Hold
Rating Score (0-4): 2.33
Research Coverage: 18 Analysts

Profitability

EPS (Most Recent Fiscal Year): $28.20
Trailing P/E Ratio: 4.05
Forward P/E Ratio: 5.39
P/E Growth: 1.51
Net Income: $2.69 billion
Net Margins: 33.63%
Pretax Margin: 20.55%
Return on Equity: 36.09%
Return on Assets: 19.26%

Debt

Debt-to-Equity Ratio: 0.34
Current Ratio: 1.81
Quick Ratio: 0.94

Sales & Book Value

Annual Sales: $7.32 billion
Price / Sales: 1.83
Cash Flow: $24.91 per share
Price / Cash Flow: 4.59
Book Value: $69.92 per share
Price / Book: 1.64

Miscellaneous

Outstanding Shares: 117,350,000
Free Float: 116,907,000
Market Cap: $13.42 billion
Optionable: Optionable
Beta: 1.61

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Key Executives

Mr. Jerry Kent Masters Jr. (Age 63)
Chairman & CEO
Comp: $4.45M
Ms. Kristin M. Coleman Esq. (Age 56)
Executive VP, General Counsel & Corporate Secretary
Comp: $559.33k
Mr. Eric W. Norris (Age 57)
President of Energy Storage
Comp: $1.65M
Mr. Netha N. Johnson Jr. (Age 53)
President of Specialties
Comp: $1.51M
Mr. Neal Sheorey
Executive VP & CFO
Mr. John Clarence Barichivich III (Age 56)
VP, Corporate Controller & Chief Accounting Officer
Ms. Cynthia Renee Lima
Senior VP, Chief External Affairs & Communications Officer
Ms. Melissa H. Anderson (Age 59)
Executive VP & Chief People Officer
Mr. Brian Tessin
Chief Tax Counsel & VP of Tax
Dr. Glen Merfeld
Chief Technology Officer of Lithium Business

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

ALB Stock Analysis - Frequently Asked Questions

Should I buy or sell Albemarle stock right now?: 18 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Albemarle in the last year. There are currently 2 sell ratings, 8 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" ALB shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ALB, but not buy additional shares or sell existing shares.
View ALB analyst ratings or view top-rated stocks.
What is Albemarle's stock price target for 2024?: 18 Wall Street research analysts have issued 12-month price targets for Albemarle's shares. Their ALB share price targets range from $128.00 to $403.00. On average, they predict the company's share price to reach $205.16 in the next year. This suggests a possible upside of 79.4% from the stock's current price.
View analysts price targets for ALB or view top-rated stocks among Wall Street analysts.
How have ALB shares performed in 2024?: Albemarle's stock was trading at $144.48 at the start of the year. Since then, ALB shares have decreased by 20.9% and is now trading at $114.33.
View the best growth stocks for 2024 here.
Are investors shorting Albemarle?: Albemarle saw a increase in short interest in December. As of December 31st, there was short interest totaling 14,130,000 shares, an increase of 17.1% from the December 15th total of 12,070,000 shares. Based on an average trading volume of 3,170,000 shares, the days-to-cover ratio is currently 4.5 days.
View Albemarle's Short Interest.
When is Albemarle's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 14th 2024.
View our ALB earnings forecast.
How can I listen to Albemarle's earnings call?: Albemarle will be holding an earnings conference call on Thursday, February 15th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 647-362-9199.
How were Albemarle's earnings last quarter?: Albemarle Co. (NYSE:ALB) released its earnings results on Thursday, November, 2nd. The specialty chemicals company reported $2.74 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.70 by $0.96. The specialty chemicals company had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.52 billion. Albemarle had a net margin of 33.63% and a trailing twelve-month return on equity of 36.09%. The business's revenue was up 10.5% compared to the same quarter last year. During the same period in the previous year, the business posted $7.50 earnings per share.
Read the conference call transcript.
How often does Albemarle pay dividends? What is the dividend yield for Albemarle?: Albemarle declared a quarterly dividend on Monday, October 23rd. Shareholders of record on Friday, December 15th will be given a dividend of $0.40 per share on Tuesday, January 2nd. This represents a $1.60 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend is Thursday, December 14th.
Read our dividend analysis for ALB.

Is Albemarle a good dividend stock?: Albemarle (NYSE:ALB) pays an annual dividend of $1.60 per share and currently has a dividend yield of 1.42%. The company has been increasing its dividend for 29 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 5.67%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ALB will have a dividend payout ratio of 24.06% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ALB.
What ETFs hold Albemarle's stock?: ETFs with the largest weight of Albemarle (NYSE:ALB) stock in their portfolio include Sprott Lithium Miners ETF (LITP), Global X Lithium & Battery Tech ETF (LIT), iShares Lithium Miners and Producers ETF (ILIT), First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN), VanEck Green Metals ETF (GMET), ALPS Clean Energy ETF (ACES), Optica Rare Earths & Critical Materials ETF (CRIT) and Sprott Energy Transition Materials ETF (SETM).
What is Luther C. Kissam, IV's approval rating as Albemarle's CEO?: 63 employees have rated Albemarle Chief Executive Officer Luther C. Kissam, IV on Glassdoor.com. Luther C. Kissam, IV has an approval rating of 75% among the company's employees.
What other stocks do shareholders of Albemarle own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Albemarle investors own include Intact Financial (IFC), Constellation Software (CSU), AutoCanada (ACQ), Alimentation Couche-Tard (ATD.B), AbbVie (ABBV), Vermilion Energy (VET), NVIDIA (NVDA), Rogers Communications (RCI) and Alibaba Group (BABA).
Who are Albemarle's major shareholders?: Albemarle's stock is owned by many different retail and institutional investors. Top institutional shareholders include Baillie Gifford & Co. (2.01%), Mirae Asset Global Investments Co. Ltd. (1.33%), Dimensional Fund Advisors LP (1.14%), Simplex Trading LLC (0.00%), Charles Schwab Investment Management Inc. (0.58%) and Swiss National Bank (0.31%). Insiders that own company stock include Eric Norris, J Kent Masters, John Clarence Barichivich III, Karen G Narwold, Karen G Narwold, Kristin M Coleman, Luther C Iv Kissam, Netha N Johnson, Raphael Goszcz Crawford and Scott Tozier.
View institutional ownership trends.
How do I buy shares of Albemarle?: Shares of ALB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.
Does Albemarle have any subsidiaries?: The following companies are subsidiares of Albemarle: ACI Cyprus L.L.C., Albemarle (Thailand) Co. Ltd., Albemarle Argentina S.R.L., Albemarle Brazil Holdings LTDA., Albemarle Care Fund, Albemarle Catalysts Company B.V., Albemarle Chemical Canada Ltd., Albemarle Chemicals (Shanghai) Co. Ltd., Albemarle Chemicals Ltd, Albemarle Chemicals Private Limited, Albemarle Chemicals SAS, Albemarle Chemicals South Africa (Proprietary) Limited, Albemarle Delaware Holdings 1 LLC, Albemarle Delaware Holdings 2 LLC, Albemarle Dutch Holdings 2 B.V., Albemarle Dutch Holdings B.V., Albemarle Europe SRL, Albemarle Finance Company B.V., Albemarle Foundation, Albemarle Germany Gmbh, Albemarle Hilfe GmbH Unterstützungskasse, Albemarle Holdings Company Limited, Albemarle Holdings Limited, Albemarle Hungary Ltd., Albemarle Italy S.R.L., Albemarle Japan Corporation, Albemarle Japan Holdings B.V., Albemarle Knight Lux 1 Holdings Corporation, Albemarle Korea Corporation, Albemarle Limitada, Albemarle Lithium (Jiangsu) Co. Ltd., Albemarle Lithium Holding Corporation, Albemarle Lithium Holding GmbH, Albemarle Lithium Pty Ltd, Albemarle Lithium UK Limited, Albemarle Malaysia Sdn Bhd., Albemarle Management (Shanghai) Co. Ltd., Albemarle Middle East FZE, Albemarle Netherlands B.V., Albemarle New Holding GmbH, Albemarle Overseas Employment Corporation, Albemarle Qúimica Ltda., Albemarle Saudi Trading Company, Albemarle Sichuan New Materials Co. Ltd., Albemarle Singapore Pte. Ltd., Albemarle Spain S.L., Albemarle Taiwan Limited, Albemarle U.S. Inc., Albemarle Vietnam Limited Liability Company, Albemarle Wodgina Pty Ltd, Albemarle de Venezuela C.A., Dynamit Nobel GmbH, Dynamit Nobel Unterstützungsfonds GmbH, Excalibur II Realty Company, Excalibur Realty Company, Foote Chile Holding Company, Foote Minera e Inversiones Limitada, Jiangxi Albemarle Lithium Co. Ltd., Jordan Bromine Company Ltd., Knight Lux 1 S.à r.l., Knight Lux 2 S.à r.l., MARBL Lithium Operations Pty Ltd, MRL’s Wodgina Project, Metalon Environmental Management & Solutions GmbH, PT Albemarle Chemicals Indonesia, RSG Immobilien GmbH, RT Lithium Limited, Rockwood Holdings, Rockwood Holdings Inc., Rockwood Lithium (Shanghai) Co. Ltd., Rockwood Lithium India Private Limited, Rockwood Lithium Japan K.K., Rockwood Lithium Korea LLC, Rockwood Lithium Taiwan Co. Ltd., Rockwood Specialties GmbH, Rockwood Specialties Group LLC, Rockwood Specialties LLC, Rockwood Specialties Limited, Sales de Magnesio Limitada, Shandong Sinobrom Albemarle Bromine Chemicals Company Limited, and Sichuan Guorun New Material Co. Ltd..
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This page (NYSE:ALB) was last updated on 2/8/2024 by MarketBeat.com Staff

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