After finishing at $124.58 in the prior trading day, Albemarle Corp. (NYSE: ALB) closed at $120.54, down -3.24%. In other words, the price has decreased by -$4.04 from its previous closing price. On the day, 2325342 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.
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 14.64B and an Enterprise Value of 18.03B. As of this moment, Albemarle’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.04, and their Forward P/E ratio for the next fiscal year is 13.87. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.47 while its Price-to-Book (P/B) ratio in mrq is 1.50. Its current Enterprise Value per Revenue stands at 1.87 whereas that against EBITDA is 22.74.
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. The 50-Day Moving Average of the stock is 121.68, while the 200-Day Moving Average is calculated to be 161.42.
Shares Statistics:
The stock has traded on average 3.39M shares per day over the past 3-months and 4.35M shares per day over the last 10 days, according to various share statistics. 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 95.07% stake in the company. Shares short for ALB as of Feb 29, 2024 were 11.01M with a Short Ratio of 3.25, compared to 13.87M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 9.37% and a Short% of Float of 10.70%.
Dividends & Splits
In the trailing 12 months, ALB’s forward annual dividend rate was 1.60, compared to 1.60 this year. Against a Trailing Annual Dividend Yield of 1.28%, it implies a Forward Annual Dividend Yield of 1.28%. 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
Its stock is currently analyzed by 17 different market analysts. On average, analysts expect EPS of $0.26 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 $0.49, with high estimates of $1.61 and low estimates of -$0.2.
Analysts are recommending an EPS of between $15.5 and $0.07 for the fiscal current year, implying an average EPS of $4. EPS for the following year is $9.63, with 21 analysts recommending between $27.86 and $2.07.
Revenue Estimates
13 analysts predict $1.29B 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 -52.90% from the year-ago figure. For the next quarter, 13 analysts are estimating revenue of $1.38B, a decrease of -43.20% over than the figure of -$52.90% 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 $5.12B, resulting in an average revenue estimate of $5.93B. In the same quarter a year ago, actual revenue was $9.62B, down -38.30% from the average estimate. Based on 21 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 21.30% from the average revenue estimate for this year.
