Key Details
Price
$108.01Last Dividend
$0.41Annual ROE
17.62%Beta
1.95Events Calendar
Next earnings date:
Feb 14, 2025Recent quarterly earnings:
Nov 06, 2024Recent annual earnings:
Feb 14, 2024Next ex-dividend date:
Dec 13, 2024Recent ex-dividend date:
Sept 13, 2024Next split:
N/ARecent split:
Mar 02, 2007Analyst ratings
Recent major analysts updates
Market Data
Dividend
Profitability
Efficiency
Valuation
Liquidity
Cash Flow
Institutional Ownership
Users of Zacks.com have been paying a lot of attention to Albemarle (ALB) lately. Therefore, it's important to understand the key information that could influence the stock's future.
Users of Zacks.com have been paying a lot of attention to Albemarle (ALB) lately. Therefore, it's important to understand the key information that could influence the future of the stock.
Albemarle is changing its business strategy because of low demand for electric vehicles, which has resulted in fewer new mines being built and possible future price increases. In the third quarter of 2024, the lithium miner's revenues fell by 39% to $1.4 billion, indicating a possible low point in the lithium price cycle, and the company is implementing major cost-cutting measures. They have reduced their capital expenditure plans, cutting spending from $2.1 billion in 2023 to between $0.8 and $0.9 billion by 2025.
Albemarle Corporation (NYSE:ALB) will hold its Q3 2024 Earnings Conference Call on November 7, 2024, at 8:00 AM ET. The call will feature key company leaders, including Kent Masters, the Chairman, President, and CEO, along with other executives. Various analysts from different financial institutions will also participate in the call.
While the revenue and earnings per share (EPS) for Albemarle (ALB) provide insight into its performance for the quarter ending September 2024, it could be helpful to look at how these important figures stack up against Wall Street predictions and last year's results.
Albemarle (ALB) reported a quarterly loss of $1.55 per share, which is worse than the Zacks Consensus Estimate of a loss of $0.31. This is a significant drop compared to earnings of $2.74 per share from the same period last year.
CHARLOTTE, N.C., Nov. 6, 2024 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a worldwide leader in supplying key elements for mobility, energy, connectivity, and health, has released its results for the third quarter that ended on September 30, 2024.
Albemarle Corporation's stock is still rated as a "Sell" because of falling revenue, profit problems, and being significantly overvalued, even after a 17% drop in price since January. The price of lithium has decreased by half in the last year, causing an oversupply and negative outlook for Albemarle's earnings report on November 6. Valuation models like DDM and DCF show that the stock could drop further, with DDM estimating a fair value of $35.24 per share, which is much lower than its current price.
Assess the anticipated performance of Albemarle (ALB) for the quarter that ended in September 2024. Instead of just focusing on the usual Wall Street revenue and profit predictions, let's take a closer look at some important metrics for a deeper understanding.
When investors want to understand how the market feels about a specific stock and predict its future movements, they often look at the number of shares bought or sold. However, traders have another method to gain exposure to a stock that can be even more significant in conveying their intentions.
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