As of close of business last night, Albemarle Corp.’s stock clocked out at $137.85, up 4.38% from its previous closing price of $132.06. In other words, the price has increased by $+5.79 from its previous closing price. On the day, 4561330 shares were traded.
Ratios:
To gain a deeper understanding of ALB’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.86 and its Current Ratio is at 1.47. In the meantime, Its Debt-to-Equity ratio is 0.46 whereas as Long-Term Debt/Eq ratio is at 0.39.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Citigroup on February 09, 2024, Downgraded its rating to Neutral and sets its target price to $120 from $175 previously.
On January 29, 2024, TD Cowen Downgraded its rating to Market Perform which previously was Outperform and also lowered its target price recommendation from $220 to $130.
Deutsche Bank Downgraded its Buy to Hold on January 11, 2024, whereas the target price for the stock was revised from $155 to $135.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Nov 07 when Coleman Kristin M. bought 1,373 shares for $121.86 per share. The transaction valued at 167,314 led to the insider holds 2,746 shares of the business.
Norris Eric bought 1,260 shares of ALB for $246,317 on May 10. The President, Energy Storage now owns 26,596 shares after completing the transaction at $195.49 per share. On May 05, another insider, Masters J Kent, who serves as the Chairman & CEO of the company, bought 5,470 shares for $181.64 each. As a result, the insider paid 993,571 and bolstered with 51,466 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ALB now has a Market Capitalization of 15.50B and an Enterprise Value of 18.89B. As of this moment, Albemarle’s Price-to-Earnings (P/E) ratio for their current fiscal year is 10.34, and their Forward P/E ratio for the next fiscal year is 15.81. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.68 while its Price-to-Book (P/B) ratio in mrq is 1.72. Its current Enterprise Value per Revenue stands at 1.96 whereas that against EBITDA is 23.83.
Stock Price History:
Over the past 52 weeks, ALB has reached a high of $263.25, while it has fallen to a 52-week low of $108.39. The 50-Day Moving Average of the stock is 127.45, while the 200-Day Moving Average is calculated to be 167.00.
Shares Statistics:
It appears that ALB traded 3.07M shares on average per day over the past three months and 3.49M shares per day over the past ten days. A total of 117.36M shares are outstanding, with a floating share count of 117.06M. Insiders hold about 0.30% of the company’s shares, while institutions hold 95.24% stake in the company. Shares short for ALB as of Feb 15, 2024 were 12.15M with a Short Ratio of 3.96, compared to 14.13M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 10.35% and a Short% of Float of 11.82%.
Dividends & Splits
With its trailing 12-month dividend rate of 1.60, ALB has a forward annual dividend rate of 1.60. Against a Trailing Annual Dividend Yield of 1.21%, it implies a Forward Annual Dividend Yield of 1.16%. The stock’s 5-year Average Dividend Yield is 1.22. The current Payout Ratio is 11.98% for ALB, which recently paid a dividend on Apr 01, 2024 with an ex-dividend date of Mar 14, 2024. Stock splits for the company last occurred on Mar 02, 2007 when the company split stock in a 2:1 ratio.
Earnings Estimates
As of right now, 17 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.28 for the current quarter, with a high estimate of $1.92 and a low estimate of -$0.8, while EPS last year was $10.32. The consensus estimate for the next quarter is $0.5, with high estimates of $1.61 and low estimates of -$0.2.
Analysts are recommending an EPS of between $15.5 and $0.55 for the fiscal current year, implying an average EPS of $4.17. EPS for the following year is $9.8, with 21 analysts recommending between $38.38 and $2.2.
Revenue Estimates
In the current quarter, 13 analysts expect revenue to total $1.29B. It ranges from a high estimate of $1.49B to a low estimate of $1.01B. As of the current estimate, Albemarle Corp.’s year-ago sales were $2.73B, an estimated decrease of -52.70% from the year-ago figure. For the next quarter, 13 analysts are estimating revenue of $1.36B, a decrease of -43.90% over than the figure of -$52.70% in the same quarter last year. There is a high estimate of $1.55B for the next quarter, whereas the lowest estimate is $1.16B.
A total of 22 analysts have provided revenue estimates for ALB’s current fiscal year. The highest revenue estimate was $7.17B, while the lowest revenue estimate was $5.19B, resulting in an average revenue estimate of $5.94B. In the same quarter a year ago, actual revenue was $9.62B, down -38.30% from the average estimate. Based on 22 analysts’ estimates, the company’s revenue will be $7.12B in the next fiscal year. The high estimate is $11.14B and the low estimate is $5.84B. The average revenue growth estimate for next year is up 19.90% from the average revenue estimate for this year.
