Albemarle (ALB) Announce Quarterly Earnings on Tuesday

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Albemarle logo "title =" Albemarle logo "class =" companylogo "/> Albemarle (NYSE: ALB) is scheduled to announce its earnings after the market on Tuesday, August 7th. $ 1.28 per share for the quarter. Albemarle (NYSE: ALB) last updated its quarterly earnings on Wednesday, May 9th The specialty chemicals company reported $ 1.30 per share for $ the quarter, topping the Zacks' consensus estimate of $ 1.20 by $ 0.10 The company had $ 821.60 million in the quarter, compared to $ 798.20 million. The firm's revenue for the quarter was up 13.8% on a year-over-year basis., On the same period in the prior year, the business posted $ 1.05 per share on average, analysts expect Albemarle to post $ 5 EPS for the current fiscal year a $ 6 EPS for the next fiscal year. </p> <p> Albemarle traded up $ 1.08, reaching $ 93.50, during trading hours on Tuesday, Marketbeat.com reports. 14,948 shares of the company were exchanged, compared to its average volume of 1,287,117. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.72 and a current ratio of 2.48. The stock has a market capitalization of $ 10.33 billion, a PE ratio of 20.28, a P / E / G ratio of 1.28 and a beta of 1.61. Albemarle has a low month of $ 86.75 and a high month of $ 144.99. </p> <p> The business also recently reported a quarterly dividend, which will be paid on Monday, October 1st. Shareholders of record on Friday, September 14th will be given a dividend of $ 0.335 per share. This represents a $ 1.34 dividend on an annualized basis and a yield of 1.43%. The former dividend date is Thursday, September 13th. Albemarle's dividend payout ratio is presently 29.19%. </p> <p> ALB has been the subject of a research analyst. Citigroup reduced their price objective on shares of Albemarle from $ 112.00 to $ 95.00 and set a "neutral" rating for the company in a research report on Tuesday, April 10th. KeyCorp reduced their price to $ 14.00 to $ 140.00 and set an "overweight" rating for the company in a research report on Thursday, April 12th. Royal Bank of Canada restated a "buy" rating and set a $ 113.00 Albemarle in a research report on Tuesday, April 17th. Zacks Investment Research upgraded shares of Albemarle from a "hold" rating to a "buy" rating and set of $ 109.00 price for a research report on Wednesday, May 2nd. Finally, TheStreet upgraded shares of Albemarle from a "c +" rating to a "b" rating in a research report on Wednesday, May 9th. One investment analyst has had a rating, has assigned a hold rating, and has assigned a rating to the company. The company has an average rating of "Buy" and a consensus target price of $ 130.79 </p> <p> <strong> Albemarle Company Profile </strong> </p> <p> Albemarle Corporation develops, manufactures, and markets engineered specialty chemicals worldwide. Lithium compounds, including lithium carbonate, lithium hydroxide, lithium chloride, and lithium specialties, as well as reagents, such as butyllithium and lithium aluminum hydride for applications in lithium batteries for consumer electronics and automobiles, high performance greases Thermoplastic elastomers for car tires, rubber soles, plastic bottles, catalysts for chemical reactions, organic synthesis processes, life science, pharmaceutical, and other markets. </p> <p> Read More: Penny Stocks Trading <br /><!--ViewCount:ArticleHistoryID=22161530&PostDate=2018-7-31&type=p&id=373589--></p> <p style= Earnings History for Albemarle (NYSE: ALB) "title =" Earnings History for Albemarle (NYSE: ALB) "/> </p> <p> <!-- end inline unit --></p> <p> <!-- end main text --></p> <p> <!-- Invalidate Article --></p> <p> <!-- End Invalidate --></p> <p><!--Begin Footer Opt-In--></p> <p style= Receive News & Reviews for Albemarle Daily – Concise daily summary of the latest news and analysts MarketBeat.com's FREE daily email newsletter.

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