In the latest session, Albemarle Corp. (NYSE: ALB) closed at $109.40 down -17.87% from its previous closing price of $133.20. In other words, the price has decreased by -$23.80 from its previous closing price. On the day, 19309688 shares were traded. ALB stock price reached its highest trading level at $122.44 during the session, while it also had its lowest trading level at $106.69.
Ratios:
For a deeper understanding of Albemarle Corp.’s stock, let’s take a closer look at its various 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.
On February 09, 2024, Citigroup Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $175 to $120.
TD Cowen Downgraded its Outperform to Market Perform on January 29, 2024, whereas the target price for the stock was revised from $220 to $130.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 12.86B and an Enterprise Value of 16.25B. As of this moment, Albemarle’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.20, and their Forward P/E ratio for the next fiscal year is 12.10. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.34 while its Price-to-Book (P/B) ratio in mrq is 1.36. Its current Enterprise Value per Revenue stands at 1.69 whereas that against EBITDA is 20.49.
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 126.89, while the 200-Day Moving Average is calculated to be 166.05.
Shares Statistics:
For the past three months, ALB has traded an average of 3.11M shares per day and 3.27M over the past ten days. A total of 117.36M shares are outstanding, with a floating share count of 117.03M. Insiders hold about 0.32% of the company’s shares, while institutions hold 95.27% stake in the company. Shares short for ALB as of Feb 15, 2024 were 12.15M with a Short Ratio of 3.91, 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
According to the company, the forward annual dividend rate for ALB is 1.60, from 1.60 in the trailing year. Against a Trailing Annual Dividend Yield of 1.20%, it implies a Forward Annual Dividend Yield of 1.20%. 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
There are 16 different market analysts currently analyzing its stock. On average, analysts expect EPS of $0.25 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 $0.52, 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 $4.29. EPS for the following year is $9.99, with 20 analysts recommending between $38.38 and $2.2.
Revenue Estimates
A total of 12 analysts believe the company’s revenue will be $1.3B this quarter.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 -52.30% from the year-ago figure. For the next quarter, 12 analysts are estimating revenue of $1.38B, a decrease of -43.20% over than the figure of -$52.30% in the same quarter last year. There is a high estimate of $1.55B for the next quarter, whereas the lowest estimate is $1.17B.
A total of 21 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 $5.97B. In the same quarter a year ago, actual revenue was $9.62B, down -37.90% from the average estimate. Based on 21 analysts’ estimates, the company’s revenue will be $7.13B 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 19.50% from the average revenue estimate for this year.
