Albemarle (NYSE:ALB) issued an update on its FY18 earnings guidance on Tuesday morning. The company provided EPS guidance of $5.00-5.40 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.14. The company issued revenue guidance of $3.2-3.4 billion, compared to the consensus revenue estimate of $3.23 billion.
Shares of Albemarle (NYSE:ALB) traded up $1.47 during mid-day trading on Tuesday, reaching $111.57. 2,663,916 shares of the company’s stock were exchanged, compared to its average volume of 2,393,189. Albemarle has a 52-week low of $95.74 and a 52-week high of $144.99. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.11 and a quick ratio of 1.56. The firm has a market cap of $12,360.00, a price-to-earnings ratio of 39.85, a P/E/G ratio of 1.57 and a beta of 1.56.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Thursday, March 15th will be issued a $0.335 dividend. The ex-dividend date is Wednesday, March 14th. This represents a $1.34 dividend on an annualized basis and a yield of 1.20%. This is a positive change from Albemarle’s previous quarterly dividend of $0.32. Albemarle’s payout ratio is currently 45.71%.
Albemarle Corporation is a global developer, manufacturer and marketer of highly-engineered specialty chemicals. The Company operates through three segments: Lithium and Advanced Materials, Bromine Specialties and Refining Solutions. Lithium and Advanced Materials segment consist of two product categories: Lithium and Performance Catalyst Solutions.
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