After finishing at $120.50 in the prior trading day, Albemarle Corp. (NYSE: ALB) closed at $114.11, down -5.30%. On the day, 3493139 shares were traded.
Ratios:
Our goal is to gain a better understanding of ALB by taking a closer look at 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, Berenberg on April 11, 2024, Upgraded its rating to Buy and sets its target price to $160 from $130 previously.
On April 10, 2024, BofA Securities Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $137 to $156.
Vertical Research Downgraded its Buy to Hold on March 08, 2024, while the target price for the stock was maintained at $145.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Nov 07 ’23 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 ’23. The President, Energy Storage now owns 26,596 shares after completing the transaction at $195.49 per share. On May 05 ’23, 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:
As of this moment, Albemarle’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.56, and their Forward P/E ratio for the next fiscal year is 13.99. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.39 while its Price-to-Book (P/B) ratio in mrq is 1.42.
Stock Price History:
Over the past 52 weeks, ALB has reached a high of $247.44, while it has fallen to a 52-week low of $106.69.
Shares Statistics:
A total of 117.36M shares are outstanding, with a floating share count of 117.02M. Insiders hold about 0.42% of the company’s shares, while institutions hold 94.96% stake in the company.
Earnings Estimates
Its stock is currently analyzed by 20 different market analysts. On average, analysts expect EPS of $0.26 for the current quarter, with a high estimate of $2.32 and a low estimate of -$0.66, 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 -$0.17.
Analysts are recommending an EPS of between $15.5 and $0.07 for the fiscal current year, implying an average EPS of $3.85. EPS for the following year is $8.92, with 25 analysts recommending between $27.86 and $2.07.
Revenue Estimates
15 analysts predict $1.3B in revenue for the current quarter. It ranges from a high estimate of $1.5B 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 -52.50% from the year-ago figure. For the next quarter, 15 analysts are estimating revenue of $1.38B, a decrease of -43.30% over than the figure of -$52.50% in the same quarter last year. There is a high estimate of $1.59B for the next quarter, whereas the lowest estimate is $1.17B.
A total of 25 analysts have provided revenue estimates for ALB’s current fiscal year. The highest revenue estimate was $7.17B, while the lowest revenue estimate was $5.12B, resulting in an average revenue estimate of $5.91B. In the same quarter a year ago, actual revenue was $9.62B, down -38.50% from the average estimate. Based on 25 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 20.50% from the average revenue estimate for this year.
