The closing price of Albemarle Corporation (NYSE: ALB) was 296.95 for the day, up 3.35% from the previous closing price of $287.32. In other words, the price has increased by $+9.63 from its previous closing price. On the day, 1127346 shares were traded. ALB reached its highest trading level at $297.71 during the session, while it also had its lowest trading level at $281.82.
Our analysis of ALB’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.20 and its Current Ratio is at 1.90. In the meantime, Its Debt-to-Equity ratio is 0.57 whereas as Long-Term Debt/Eq ratio is at 0.53.
Upgrades & Downgrades
On June 27, 2022, Credit Suisse started tracking the stock assigning a Underperform rating and target price of $185.
UBS Downgraded its Buy to Neutral on June 02, 2022, whereas the target price for the stock was revised from $300 to $260.
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Sep 06 when NARWOLD KAREN G sold 2,250 shares for $268.99 per share. The transaction valued at 605,228 led to the insider holds 15,944 shares of the business.
Crawford Raphael Goszcz sold 17,968 shares of ALB for $4,135,624 on Aug 31. The President, Catalysts now owns 7,946 shares after completing the transaction at $230.17 per share. On Feb 18, another insider, Johnson Netha N., who serves as the President, Bromine Specialties of the company, bought 1,060 shares for $187.81 each. As a result, the insider paid 199,074 and bolstered with 7,303 shares of the company.
As of this moment, Albemarle’s Price-to-Earnings (P/E) ratio for their current fiscal year is 133.88, and their Forward P/E ratio for the next fiscal year is 11.98. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.73. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.01 while its Price-to-Book (P/B) ratio in mrq is 5.71.
Stock Price History:
Over the past 52 weeks, ALB has reached a high of $308.24, while it has fallen to a 52-week low of $169.93. The 50-Day Moving Average of the stock is 256.10, while the 200-Day Moving Average is calculated to be 229.03.
ALB traded an average of 1.30M shares per day over the past three months and 1.53M shares per day over the past ten days. A total of 117.12M shares are outstanding, with a floating share count of 116.92M. Insiders hold about 0.10% of the company’s shares, while institutions hold 85.70% stake in the company. Shares short for ALB as of Jul 14, 2022 were 2.16M with a Short Ratio of 1.89, compared to 2.06M on Jun 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 1.84% and a Short% of Float of 2.09%.
Dividends & Splits
With its trailing 12-month dividend rate of 1.54, ALB has a forward annual dividend rate of 1.58. Against a Trailing Annual Dividend Yield of 0.54%, it implies a Forward Annual Dividend Yield of 0.65%. The stock’s 5-year Average Dividend Yield is 1.36. The current Payout Ratio is 69.70% for ALB, which recently paid a dividend on Oct 02, 2022 with an ex-dividend date of Sep 14, 2022. Stock splits for the company last occurred on Mar 01, 2007 when the company split stock in a 2:1 ratio.
The firm’s stock currently is rated by 16 analysts. On average, analysts expect EPS of $3.2 for the current quarter, with a high estimate of $3.79 and a low estimate of $2.28, while EPS last year was $0.89. The consensus estimate for the next quarter is $3.76, with high estimates of $4.65 and low estimates of $2.53.
Analysts are recommending an EPS of between $15.82 and $10.75 for the fiscal current year, implying an average EPS of $13.53. EPS for the following year is $15.75, with 23 analysts recommending between $27.37 and $8.67.
It is expected that $90B in revenue will be generated in the current quarter, according to 10 analysts. It ranges from a high estimate of $1.61B to a low estimate of $1.37B. As of the current estimate, Albemarle Corporation’s year-ago sales were $786.42M, an estimated increase of 90.40% from the year-ago figure. For the next quarter, 10 analysts are estimating revenue of $1.62B, an increase of 110.90% over than the figure of $90.40% in the same quarter last year. There is a high estimate of $1.78B for the next quarter, whereas the lowest estimate is $1.54B.
A total of 17 analysts have provided revenue estimates for ALB’s current fiscal year. The highest revenue estimate was $6.45B, while the lowest revenue estimate was $4.41B, resulting in an average revenue estimate of $6B. In the same quarter a year ago, actual revenue was $3.33B, up 80.30% from the average estimate. Based on 21 analysts’ estimates, the company’s revenue will be $6.89B in the next fiscal year. The high estimate is $9.12B and the low estimate is $5.04B. The average revenue growth estimate for next year is up 14.80% from the average revenue estimate for this year.