"ALB Stock Analysis: Price Drops 6.91% Amid Earnings Expectations"
The upcoming earnings report for Albemarle Corporation (ALB) is set for Tuesday, May 5th, with a consensus estimate of earnings per share (EPS) at $1.24.
Albemarle Corporation (ALB) experienced a price drop of $13.78, equivalent to a 6.91% decrease, currently trading at $185.75. The trading volume is 31.18% higher than average, with a trading volume of $748,421.
The latest quarterly earnings for ALB were reported on Tuesday, February 10th, with a consensus estimate EPS of -0.5.
ALB offers a forward dividend yield of 0.872%, with a dividend per share MRQ of 40.5 cents and a trailing twelve months (TTM) dividend per share of $1.62.
RBC Capital published a new grade for ALB on April 24, with the stock price at $193.14, maintaining an "Outperform" rating.
ALB reported a net change in cash of -$313.76 million, with a closing cash balance of $1.62 billion.
ALB generated $1.43 billion in revenue, resulting in a net loss of $414.18 million, translating to an EPS of -$3.87.
Key ratios for ALB include a quick ratio of 1.57, gross profit margin of 14.2%, and a debt-equity ratio of 34.58.
ALB's total assets amount to $16.37 billion, with total liabilities at $6.59 billion, resulting in a net debt of $1.68 billion.
This comprehensive overview provides insights into ALB's financial performance, upcoming earnings, dividend distribution, analyst grades, cash flow status, and key financial ratios.
Albemarle Corporation develops, manufactures, and markets engineered specialty chemicals worldwide. It operates through three segments: Lithium, Bromine, 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 bottles, catalysts for chemical reactions, organic synthesis processes in the areas of steroid chemistry and vitamins, life sciences, pharmaceutical industry, and other markets. It also provides cesium products for the chemical and pharmaceutical industries; zirconium, barium, and titanium products for pyrotechnical applications that include airbag initiators; technical services for the handling and use of reactive lithium products; and lithium-containing by-products recycling services. The Bromine segment offers bromine and bromine-based fire safety solutions; specialty chemicals, including elemental bromine, alkyl and inorganic bromides, brominated powdered activated carbon, and other bromine fine chemicals for use in chemical synthesis, oil and gas well drilling and completion fluids, mercury control, water purification, beef and poultry processing, and other industrial applications; and other specialty chemicals, such as tertiary amines for surfactants, biocides, and disinfectants and sanitizers. The Catalysts segment provides hydroprocessing, isomerization, and akylation catalysts; fluidized catalytic cracking catalysts and additives; and organometallics and curatives. The company serves the energy storage, petroleum refining, consumer electronics, construction, automotive, lubricants, pharmaceuticals, and crop protection markets. Albemarle Corporation was founded in 1887 and is headquartered in Charlotte, North Carolina.