$1.20 EPS Expected for Albemarle Corporation (ALB)

April 22, 2018 - By Linda Rogers

Albemarle Corporation (NYSE:ALB) LogoInvestors sentiment decreased to 1.01 in 2017 Q4. Its down 0.12, from 1.13 in 2017Q3. It fall, as 42 investors sold Albemarle Corporation shares while 182 reduced holdings. 82 funds opened positions while 144 raised stakes. 92.86 million shares or 2.44% less from 95.18 million shares in 2017Q3 were reported.
Davenport & Commerce Limited Com, Virginia-based fund reported 179,117 shares. Nordea Invest Mngmt Ab reported 0% of its portfolio in Albemarle Corporation (NYSE:ALB). Robecosam Ag holds 1.59% or 187,000 shares. The Ontario – Canada-based Cibc Asset has invested 0.01% in Albemarle Corporation (NYSE:ALB). Hightower Advisors Ltd Limited Liability Company owns 4,467 shares or 0% of their US portfolio. State Treasurer State Of Michigan has 0.03% invested in Albemarle Corporation (NYSE:ALB). Advisory stated it has 0.01% of its portfolio in Albemarle Corporation (NYSE:ALB). Wealthtrust stated it has 70 shares. Gulf International Bank & Trust (Uk), United Kingdom-based fund reported 35,109 shares. 36,905 are owned by Pillar Pacific Capital Mngmt Ltd Co. Aqr Capital Management Lc stated it has 22,223 shares. Lpl Fincl Llc reported 18,838 shares or 0.01% of all its holdings. Wellington Shields Lc has 0.18% invested in Albemarle Corporation (NYSE:ALB). Utah Retirement reported 0.06% in Albemarle Corporation (NYSE:ALB). The Iowa-based Cambridge Investment Advsr Inc has invested 0.01% in Albemarle Corporation (NYSE:ALB).

Analysts expect Albemarle Corporation (NYSE:ALB) to report $1.20 EPS on May, 9 after the close.They anticipate $0.15 EPS change or 14.29 % from last quarter’s $1.05 EPS. ALB’s profit would be $132.88M giving it 20.36 P/E if the $1.20 EPS is correct. After having $1.34 EPS previously, Albemarle Corporation’s analysts see -10.45 % EPS growth. The stock decreased 0.85% or $0.84 during the last trading session, reaching $97.75. About 912,310 shares traded. Albemarle Corporation (NYSE:ALB) has declined 10.68% since April 22, 2017 and is downtrending. It has underperformed by 22.23% the S&P500.

Albemarle Corporation (NYSE:ALB) Ratings Coverage

Among 15 analysts covering Albemarle Corp (NYSE:ALB), 12 have Buy rating, 1 Sell and 2 Hold. Therefore 80% are positive. Albemarle Corp had 27 analyst reports since October 23, 2017 according to SRatingsIntel. UBS maintained the stock with “Neutral” rating in Thursday, November 9 report. The stock has “Neutral” rating by Citigroup on Thursday, March 1. On Thursday, March 1 the stock rating was maintained by RBC Capital Markets with “Buy”. On Thursday, November 9 the stock rating was maintained by Oppenheimer with “Buy”. KeyBanc Capital Markets maintained Albemarle Corporation (NYSE:ALB) rating on Thursday, April 12. KeyBanc Capital Markets has “Overweight” rating and $140 target. The firm has “Buy” rating by RBC Capital Markets given on Tuesday, April 17. The firm earned “Buy” rating on Thursday, March 1 by Nomura. The stock of Albemarle Corporation (NYSE:ALB) has “Underweight” rating given on Monday, February 26 by Morgan Stanley. The firm has “Outperform” rating by BMO Capital Markets given on Friday, March 2. Deutsche Bank downgraded Albemarle Corporation (NYSE:ALB) on Tuesday, November 14 to “Hold” rating.

Albemarle Corporation develops, manufactures, and markets engineered specialty chemicals worldwide. The company has market cap of $10.82 billion. The firm offers lithium compounds, including lithium carbonate, lithium hydroxide, lithium chloride, and lithium specialties and reagents for applications in lithium batteries, high performance greases, thermoplastic elastomers for car tires, rubber soles and plastic bottles, catalysts for chemical reactions, organic synthesis processes, life science, pharmaceutical, and other markets; cesium products for the chemical and pharmaceutical industries; and zirconium, barium, and titanium products for pyrotechnical applications. It has a 199.49 P/E ratio. It also makes cesium products for the chemical and pharmaceutical industries; and zirconium, barium, and titanium products for various pyrotechnical applications, including airbag igniters; and performance catalyst solutions, such as polymer catalysts, curatives, organometallics, and electronic materials for polyolefin polymers, packaging, non-packaging, films, injection molding, alpha-olefins, electronic materials, solar cells, polyurethanes, epoxies, and other engineered resins markets.

Albemarle Corporation (NYSE:ALB) Institutional Positions Chart

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