After Hours
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Yahoo Finance discussed the stock recently as it posted Albemarle Reports Fourth Quarter and Full Year 2023 Results.
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Stocks Info
As a NYSE listed company, ALB falls under the Basic Materials sector while operating within the Specialty Chemicals industry segment. At the end of the last regular session, the stock closed at $122.59 and fluctuated between $125.84 as its day high and $118.79 as its day low. The current market capitalization of Albemarle Corp. is $14.39B. A total of 4.38 million shares were traded on the day, compared to an average of 3.02M shares.
Insider Activity
Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, ALB has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 39 BUYs and 31 SELLs from insiders. Insiders purchased 152,392 shares during that period but sold 66,358.
In the most recent transaction, Coleman Kristin M. bought 1,373 shares of ALB for 121.86 per share on Nov 07. After the transaction, the EVP, General Counsel now owns 2,746 company shares. In a previous transaction on May 10, Norris Eric bought 1,260 shares at 195.49 per share. ALB shares that President, Energy Storage owns now total 26,596.
Among the insiders who bought shares, Masters J Kent acquired of 5,470 shares on May 05 at a per-share price of $181.64. This resulted in the Chairman & CEO holding 51,466 shares of ALB after the transaction. In another insider transaction, Coleman Kristin M. bought 1,373 shares at $182.00 per share on May 05. Company shares held by the EVP, General Counsel now total 1,373.
Dividend
Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Albemarle Corp. pays an annual dividend of $1.60, resulting in a dividend yield of 1.31%, and it has a price to earnings (P/E) ratio of 9.19. ALB’s most recent ex-dividend date was 12/14/2023 when it declared a $0.40 quarterly dividend that was paid in cash on 1/2/2024. Previously, the company paid the dividend on 10/2/2023 with an ex-dividend date of 9/14/2023. The ALB stock dividend was $0.40 per share in cash.
In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for ALB in the last 3 months, the mean price target is $150.97 with high estimates of $216.00 and low estimates of $90.00. In terms of 52-week highs and lows, ALB has a high of $293.01 and a low of $108.39.
As of this writing, ALB has an earnings estimate of $0.4 per share for the current quarter. EPS was calculated based on a consensus of 18 estimates, with a high estimate of $2.01 per share and a lower estimate of -$0.8. The company reported an EPS of $2.74 in the last quarter, which was -31.30% lower than expectations of $3.99.
Balance Sheet Annually/Quarterly
The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. ALB’s latest balance sheet shows that the firm has $439.27M in Cash & Short Term Investments as of fiscal 2021. There were $2.52B in debt and $1.87B in liabilities at the time. Its Book Value Per Share was $80.20, while its Total Shareholder’s Equity was $5.81B.
Analysts Opinion
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ALB is Buy with a score of 3.81.
