ALB Stock Recent News

Albemarle (ALB) came out with a quarterly loss of $1.09 per share versus the Zacks Consensus Estimate of a loss of $0.49. This compares to earnings of $1.85 per share a year ago.

Albemarle , the world's largest producer of lithium, said on Wednesday it swung to a quarterly profit as cost cuts helped offset plunging prices for the metal used to make electric vehicle batteries.

CHARLOTTE, N.C. , Feb. 12, 2025 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a global leader in providing essential elements for mobility, energy, connectivity and health, today announced its results for the fourth quarter and full year ended December 31, 2024.

If you bought Albemarle for its low P/E ratio when it was at $300, you should sell now as earnings will be negative. But investors who understand cyclicality look at the price-to-sales ratio and would buy Albemarle today and avoid NVIDIA. We go over how a flat price generates a 22% annualized yield here and also look at the convertible shares yielding 9.6%.

If price action is any indication of what the market is thinking, investors can check the stocks that led the industry over the past week. The industry has seen a spike in volatility as a result of President Trump's latest round of tariffs.

Besides Wall Street's top -and-bottom-line estimates for Albemarle (ALB), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended December 2024.

The latest trading day saw Albemarle (ALB) settling at $79, representing a -1.1% change from its previous close.

ALB is likely to have benefited from healthy lithium volumes and its cost actions amid headwinds from softer lithium market prices in Q4.

Albemarle (ALB) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

The latest trading day saw Albemarle (ALB) settling at $86.28, representing a +0.44% change from its previous close.