Earnings Forecast Research on Albemarle Corporation (ALB)

Albemarle Corporation has received $0.75 as the consensus Earnings Estimate for the Quarter ending on Dec 2016 ,According to the estimate provided by 10 Financial Advisor in the Stock Trading Firms. Among 10 Analysts, Bottom line EPS Estimate for the current quarter is $0.68 while the top line estimate is $0.84 , a key information to consider for Day Trading and investing in stocks. The EPS growth rate is projected at -41.78%.

Albemarle Corporation reported better than expected with a surprise EPS of 12.35% or $0.1 during its most recent quarterly earnings. The Actual EPS was $0.91 compared to the Estimated EPS of $0.81. Charlotte based Albemarle Corporation Last reported the Quarter results on Dec 31, 2016 and the Next earnings date is scheduled to be released on Feb 27, 2017.

Albemarle Corporation has a Price to Earnings ratio of 21.44 for the trailing twelve month period. The price to book ratio of the company for the most recent quarter is 3.08. For the Most Recent Fiscal Year, Albemarle Corporation has a price to cash ratio of 14.49. For the Trailing twelve month period, company showed a Net Profit Margin of 6.92% and Return on Equity of the stock is 14.38%.

In the last quarter, Albemarle Corporation reported Annual Earnings of $0.91. Based on the filings, last years Annual Earnings was, $4.23. In the last Quarter, ALB reported a surprise Earnings per Share of 12.35% . The consensus estimate for current quarter is $0.75 and for the current fiscal year, the estimate is $3.52. For the Next fiscal year, the estimate is $4 based on the consensus.

Albemarle Corporation (NYSE:ALB) stock ended Tuesday session in the red zone in a volatile trading. The stock closed down 1.93 points or 2.04% at $92.64 with 1,453,745 shares getting traded. Post opening the session at $94.61, the shares hit an intraday low of $92.52 and an intraday high of $94.675 and the price was in this range throughout the day. The company has a market cap of $10,420 million and the number of outstanding shares has been calculated to be 112,475,939 shares. The 52-week high of Albemarle Corporation (NYSE:ALB) is $95.89 and the 52-week low is $47.49.

Albemarle Corporation is a major producer of fine and performance chemicals including polymer intermediates, cleaning product intermediates and additives, agricultural chemical intermediates, pharmaceutical intermediates, catalysts, brominated flame retardants, bromine chemicals and potassium and chlorine chemicals.


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