Albemarle Corp. (NYSE: ALB) closed the day trading at $118.33 down -3.53% from the previous closing price of $122.66. In other words, the price has decreased by -$4.33 from its previous closing price. On the day, 3425306 shares were traded. ALB stock price reached its highest trading level at $124.25 during the session, while it also had its lowest trading level at $118.00.
Ratios:
For a better understanding of ALB, let’s 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.
Citigroup Downgraded its Buy to Neutral on February 09, 2024, whereas the target price for the stock was revised from $175 to $120.
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:
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 13.91B and an Enterprise Value of 17.30B. As of this moment, Albemarle’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.87, and their Forward P/E ratio for the next fiscal year is 13.41. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.45 while its Price-to-Book (P/B) ratio in mrq is 1.48. Its current Enterprise Value per Revenue stands at 1.80 whereas that against EBITDA is 21.82.
Stock Price History:
Over the past 52 weeks, ALB has reached a high of $255.32, while it has fallen to a 52-week low of $106.69. The 50-Day Moving Average of the stock is 124.48, while the 200-Day Moving Average is calculated to be 164.25.
Shares Statistics:
Over the past 3-months, ALB traded about 3.53M shares per day on average, while over the past 10 days, ALB traded about 6.31M shares per day. A total of 117.36M shares are outstanding, with a floating share count of 117.13M. Insiders hold about 0.32% of the company’s shares, while institutions hold 95.10% stake in the company. Shares short for ALB as of Feb 15, 2024 were 12.15M with a Short Ratio of 3.44, 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
ALB’s forward annual dividend rate is 1.60, up from 1.60 a year ago. Against a Trailing Annual Dividend Yield of 1.30%, it implies a Forward Annual Dividend Yield of 1.35%. 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
Current recommendations for the stock of the company come from 16 analysts. On average, analysts expect EPS of $0.25 for the current quarter, with a high estimate of $2.66 and a low estimate of -$0.8, while EPS last year was $10.32. The consensus estimate for the next quarter is $0.47, 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 $3.97. EPS for the following year is $9.5, with 19 analysts recommending between $27.86 and $2.2.
Revenue Estimates
12 analysts predict $1.3B in revenue for the current 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 -52.50% from the year-ago figure. For the next quarter, 12 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 $1.55B for the next quarter, whereas the lowest estimate is $1.17B.
A total of 20 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 $5.92B. In the same quarter a year ago, actual revenue was $9.62B, down -38.40% from the average estimate. Based on 20 analysts’ estimates, the company’s revenue will be $7.19B 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 21.40% from the average revenue estimate for this year.
