Albemarle (ALB) to Release Quarterly Earnings on Wednesday
Albemarle (NYSE:ALB) will announce its Q214 earnings results on Wednesday, July 23rd. Analysts expect the company to announce earnings of $0.99 per share and revenue of $646.75 million for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.
Albemarle (NYSE:ALB) opened at 69.13 on Tuesday. Albemarle has a 52-week low of $60.89 and a 52-week high of $76.28. The stock’s 50-day moving average is $71.20 and its 200-day moving average is $67.16. The company has a market cap of $5.499 billion and a price-to-earnings ratio of 14.91.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 1st. Investors of record on Monday, September 15th will be paid a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 1.59%. The ex-dividend date is Thursday, September 11th.
A number of research firms have recently commented on ALB. Analysts at KeyCorp reiterated a “buy” rating on shares of Albemarle in a research note on Wednesday, July 16th. They now have a $82.00 price target on the stock, up previously from $78.00. On a related note, analysts at Deutsche Bank reiterated a “hold” rating on shares of Albemarle in a research note on Wednesday, July 16th. They now have a $75.00 price target on the stock, up previously from $72.00. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Albemarle in a research note on Wednesday, July 16th. They now have a $70.00 price target on the stock, up previously from $65.00. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $72.29.
Albemarle Corporation (NYSE:ALB) is a developer, manufacturer and marketer of specialty chemicals, which meet customer needs across a range of end markets, including the petroleum refining, consumer electronics, plastics/packaging, construction, automotive, lubricants, pharmaceuticals, crop protection, food-safety and custom chemistry services markets.
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