News coverage about Albemarle Corporation (NYSE:ALB) has been trending somewhat positive on Tuesday, Accern reports. The research group identifies positive and negative media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Albemarle Corporation earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned news stories about the specialty chemicals company an impact score of 46.6314865745482 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news stories that may have impacted Accern Sentiment’s rankings:
- Why Lithium Stocks SQM and Albemarle Soared 7% and Nearly 5% Today (finance.yahoo.com)
- Refinery Catalyst Market by Type, Ingredient, and Region – Global Forecast to 2022 (marketwatch.com)
- ETFs with exposure to Albemarle Corp. : September 9, 2017 (finance.yahoo.com)
- Magnesium Hydroxide Market Report for Period 2017 till 2022 Kyowa Chemical, Albemarle, RHI Group, ICL, Konoshima Chemical, and Others (openpr.com)
- Democratic 5th District Congressional Candidate Holds First Campaign Event (nbc29.com)
Shares of Albemarle Corporation (NYSE ALB) opened at 123.85 on Tuesday. The stock has a market capitalization of $13.68 billion, a P/E ratio of 15.84 and a beta of 1.61. The company’s 50 day moving average price is $115.81 and its 200-day moving average price is $110.02. Albemarle Corporation has a 12 month low of $75.13 and a 12 month high of $124.32.
Albemarle Corporation (NYSE:ALB) last announced its earnings results on Monday, August 7th. The specialty chemicals company reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.02. The business had revenue of $737.25 million during the quarter, compared to analyst estimates of $735.50 million. Albemarle Corporation had a net margin of 31.49% and a return on equity of 11.59%. The company’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.93 EPS. Equities analysts predict that Albemarle Corporation will post $4.37 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 15th will be paid a dividend of $0.32 per share. The ex-dividend date is Thursday, September 14th. This represents a $1.28 dividend on an annualized basis and a yield of 1.03%. Albemarle Corporation’s dividend payout ratio is presently 16.41%.
ALB has been the subject of several analyst reports. KeyCorp reissued a “buy” rating and issued a $125.00 price objective on shares of Albemarle Corporation in a research note on Sunday, September 3rd. Jefferies Group LLC set a $144.00 price objective on Albemarle Corporation and gave the stock a “buy” rating in a research note on Monday, August 21st. CIBC initiated coverage on Albemarle Corporation in a research note on Thursday, August 17th. They issued an “outperform” rating and a $133.00 price objective for the company. Oppenheimer Holdings, Inc. initiated coverage on Albemarle Corporation in a research note on Wednesday, August 16th. They issued an “outperform” rating and a $133.00 price objective for the company. Finally, BidaskClub downgraded Albemarle Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, August 12th. Seven investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $110.94.
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In other news, EVP Karen G. Narwold sold 20,000 shares of the company’s stock in a transaction on Monday, June 19th. The stock was sold at an average price of $108.16, for a total value of $2,163,200.00. Following the completion of the sale, the executive vice president now directly owns 45,120 shares in the company, valued at approximately $4,880,179.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Douglas L. Maine sold 10,000 shares of the company’s stock in a transaction on Monday, June 19th. The stock was sold at an average price of $107.94, for a total value of $1,079,400.00. Following the completion of the sale, the director now owns 24,150 shares of the company’s stock, valued at $2,606,751. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 121,897 shares of company stock valued at $13,458,086. Company insiders own 0.74% of the company’s stock.
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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