Albemarle (ALB) to Release Quarterly Earnings on Wednesday

Albemarle (NYSE:ALB) will likely be announcing its earnings results after the market closes on Wednesday, February 12th. Analysts expect the company to announce earnings of ($0.60) per share and revenue of $1.34 billion for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Albemarle Price Performance

ALB stock opened at $82.48 on Wednesday. The company has a market cap of $9.70 billion, a PE ratio of -4.92, a price-to-earnings-growth ratio of 3.65 and a beta of 1.59. The company has a current ratio of 2.44, a quick ratio of 1.58 and a debt-to-equity ratio of 0.43. The stock has a 50-day moving average price of $93.66 and a two-hundred day moving average price of $93.11. Albemarle has a 12-month low of $71.97 and a 12-month high of $143.19.

Analyst Upgrades and Downgrades

ALB has been the subject of a number of research analyst reports. Mizuho dropped their target price on shares of Albemarle from $110.00 to $105.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Robert W. Baird increased their price objective on shares of Albemarle from $79.00 to $103.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. KeyCorp reduced their target price on shares of Albemarle from $132.00 to $127.00 and set an “overweight” rating on the stock in a report on Tuesday, November 12th. Oppenheimer lowered their price target on Albemarle from $171.00 to $170.00 and set an “outperform” rating for the company in a report on Friday, November 8th. Finally, Truist Financial started coverage on Albemarle in a research note on Tuesday, January 28th. They set a “hold” rating and a $96.00 price objective on the stock. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $113.95.

Insider Transactions at Albemarle

In related news, CEO J Kent Masters sold 2,525 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $101.12, for a total transaction of $255,328.00. Following the sale, the chief executive officer now directly owns 73,747 shares of the company’s stock, valued at approximately $7,457,296.64. This represents a 3.31 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.38% of the company’s stock.

Albemarle Company Profile

Albemarle Corporation develops, manufactures, and markets engineered specialty chemicals worldwide. It operates through three segments: Energy Storage, Specialties and Ketjen. The Energy Storage segment offers lithium compounds, including lithium carbonate, lithium hydroxide, and lithium chloride; technical services for the handling and use of reactive lithium products; and lithium-containing by-products recycling services.