Zacks: Brokerages Anticipate Albemarle Co. (ALB) Will Post Earnings of $1.21 Per Share
Equities research analysts expect Albemarle Co. (NYSE:ALB) to announce earnings per share of $1.21 for the current fiscal quarter, Zacks reports. Six analysts have made estimates for Albemarle’s earnings. The highest EPS estimate is $1.27 and the lowest is $1.17. Albemarle posted earnings of $0.78 per share in the same quarter last year, which indicates a positive year over year growth rate of 55.1%. The firm is scheduled to report its next earnings results on Monday, February 26th.
On average, analysts expect that Albemarle will report full year earnings of $4.47 per share for the current year, with EPS estimates ranging from $4.42 to $4.52. For the next year, analysts anticipate that the business will report earnings of $5.17 per share, with EPS estimates ranging from $4.90 to $5.40. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that that provide coverage for Albemarle.
Albemarle (NYSE:ALB) last issued its quarterly earnings results on Wednesday, November 8th. The specialty chemicals company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.01. The business had revenue of $755.00 million during the quarter, compared to analysts’ expectations of $732.19 million. Albemarle had a return on equity of 11.61% and a net margin of 30.07%. The firm’s revenue for the quarter was up 15.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.91 earnings per share.
Shares of Albemarle (NYSE ALB) opened at $131.79 on Thursday. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.11 and a quick ratio of 1.56. The stock has a market capitalization of $14,560.00, a P/E ratio of 47.07, a P/E/G ratio of 1.68 and a beta of 1.69. Albemarle has a 12 month low of $86.98 and a 12 month high of $144.99.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Friday, December 15th were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 0.97%. The ex-dividend date was Thursday, December 14th. Albemarle’s payout ratio is presently 45.71%.
Several large investors have recently made changes to their positions in ALB. Schwab Charles Investment Management Inc. increased its holdings in shares of Albemarle by 0.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 496,880 shares of the specialty chemicals company’s stock worth $52,441,000 after buying an additional 1,504 shares in the last quarter. Blair William & Co. IL acquired a new position in shares of Albemarle during the second quarter worth $215,000. Pacer Advisors Inc. increased its holdings in shares of Albemarle by 9.0% during the second quarter. Pacer Advisors Inc. now owns 2,118 shares of the specialty chemicals company’s stock worth $224,000 after buying an additional 174 shares in the last quarter. Neuberger Berman Group LLC increased its holdings in shares of Albemarle by 43.5% during the second quarter. Neuberger Berman Group LLC now owns 13,701 shares of the specialty chemicals company’s stock worth $1,446,000 after buying an additional 4,154 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. acquired a new position in shares of Albemarle during the second quarter worth $386,000. Institutional investors own 87.99% of the company’s stock.
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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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