Albemarle Corporation (ALB) Set to Announce Quarterly Earnings on Wednesday
Albemarle Corporation (NYSE:ALB) is scheduled to announce its earnings results after the market closes on Wednesday, November 8th. Analysts expect the company to announce earnings of $1.07 per share for the quarter. Albemarle Corporation has set its FY17 guidance at $4.20-4.40 EPS.
Albemarle Corporation (NYSE:ALB) last issued its quarterly earnings results on Monday, August 7th. The specialty chemicals company reported $1.13 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.02. The business had revenue of $737.25 million for the quarter, compared to the consensus estimate of $735.50 million. Albemarle Corporation had a return on equity of 11.59% and a net margin of 31.49%. The firm’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.93 earnings per share. On average, analysts expect Albemarle Corporation to post $4.36 EPS for the current fiscal year and $4.99 EPS for the next fiscal year.
Shares of Albemarle Corporation (NYSE:ALB) opened at 140.89 on Wednesday. The company’s 50-day moving average price is $135.59 and its 200-day moving average price is $118.32. Albemarle Corporation has a 12 month low of $76.32 and a 12 month high of $141.40. The firm has a market cap of $15.56 billion, a P/E ratio of 18.02 and a beta of 1.67.
In other news, EVP Matthew Juneau sold 5,397 shares of Albemarle Corporation stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $115.77, for a total transaction of $624,810.69. Following the completion of the sale, the executive vice president now directly owns 360 shares of the company’s stock, valued at approximately $41,677.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Karen G. Narwold sold 11,500 shares of Albemarle Corporation stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $115.95, for a total transaction of $1,333,425.00. Following the sale, the executive vice president now directly owns 36,620 shares of the company’s stock, valued at $4,246,089. The disclosure for this sale can be found here. Insiders own 0.74% of the company’s stock.
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Albemarle Corporation Company Profile
Albemarle Corporation is a global developer, manufacturer and marketer of highly-engineered specialty chemicals. The Company operates through three segments: Lithium and Advanced Materials, Bromine Specialties and Refining Solutions. Lithium and Advanced Materials segment consist of two product categories: Lithium and Performance Catalyst Solutions.
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