Albemarle (NYSE:ALB) announced its earnings results on Tuesday. The specialty chemicals company reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.13, Bloomberg Earnings reports. The firm had revenue of $857.79 million for the quarter, compared to analysts’ expectations of $791.46 million. Albemarle had a net margin of 1.79% and a return on equity of 13.19%. Albemarle updated its FY18 guidance to $5.00-5.40 EPS.
Albemarle (NYSE:ALB) opened at $100.43 on Thursday. 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 company has a market cap of $12,327.99, a PE ratio of 209.23, a price-to-earnings-growth ratio of 1.48 and a beta of 1.56. Albemarle has a one year low of $98.63 and a one year high of $144.99.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Thursday, March 15th will be paid a $0.335 dividend. This is an increase from Albemarle’s previous quarterly dividend of $0.32. This represents a $1.34 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend is Wednesday, March 14th. Albemarle’s dividend payout ratio is currently 266.67%.
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Albemarle Company Profile
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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