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4/18/13(ALB) Albemarle Raises Price ETHANOX 4703 Shipments (Stock Blog Hub)

Specialty chemicals company Albemarle Corporation (ALB) declared that it will increase the price of ETHANOX 4703 on all shipments worldwide by 95 cents per kilogram. The price hike is effective immediately or as per the contracts. Albemarle’s antioxidants business is a part of its Polymer Solutions segment. The Polymer Solutions unit develops and produces antioxidants for [...]

4/20/11ALB (Samurai Trader)

ALB didn't get much attention in the press after reporting last night, but it was probably the best looking of the earnings breakouts today, but that isn't really saying much. the chart has some flaws, most obviously the weak price relative line. The handle pulled back halfway through the trading range, although volume never got very high. On the positive side, it gapped up way over resistance and, barring a market collapse, is likely to g=keep moving up for a while.

10/26/10Morgan Stanley Ups Price Target On Albemarle Corporation (ALB) (Benzinga)

Morgan Stanley raised its price target on Albemarle Corporation (NYSE: ALB) to $59 from $52, and is keeping its Overweight rating. In a note to clients, Morgan Stanley writes, "Driven by exceptional pricing power, combined with some modest volume growth, we believe Albemarle is set to earn EPS of $4.41 in 2011, some 8% above the company's 2012 target of $4.10. Trading on a 2011e P/E of 11.1x (an 18% discount to peers), the stock appears materially undervalued, despite having one of the best...

10/25/10Goldman Sachs Raises Albemarle EPS Esstimates (Benzinga)

Goldman Sachs is raising its Albemarle Corporation (NYSE: ALB) 2010/2011/2012 EPS estimates to $3.69/$3.78/$4.10 from $3.30/$3.65/$4.00, the company said this morning. “The EPS estimate increases reflects the upbeat 3Q results and strong demand for ALB product portfolio,” Goldman Sachs wriets. “We are also raising our 12-month price target to $57 (+$2) on 15.0X 2011E EPS (vs. our prior target of $55, or 15.0X our prior $3.65 2011 EPS estimate.) to reflect better growth prospects. Key...

10/25/10Albermarle Posts Exceptional Quarter (Benzinga)

Albemarle (NYSE: ALB) posted an exceptional Q3, beating by $0.18, expanding EBIT margins 260 bps to 21.6% and, most importantly, dispelling fears over spiking rare earth prices. With availability not an issue (catalysts are just 2% of rare earths demand) and Albemarle utilizing substitute technologies and cost pass-throughs, we do not expect rare earths to have a material impact in Q4 or '11. With high-20s Catalysts margins sustainable, the tightest bromine market in decades likely...

10/25/10Bromine Prices Rise For ALB, But 3Q Still Impressive (Benzinga)

Citigroup has published a research report on Albemarle Group (NYSE: ALB) following 3Q results that were reported on the upside. In the report, Citigroup writes "ALB's impressive 3Q beat was driven by continued tightness in bromine and robust volumes in catalysts. This confluence of factors has allowed ALB to achieve record margins in Polymer Additives and Catalysts. Though rising rare earth prices may provide a headwind for the next few quarters, ALB will counter with price increases of its...

10/22/10Strong Margin Expansion In ALB's 3Q (Benzinga)

Albemarle (NYSE: ALB) has reported strong margin expansion through its 3Q, according to Oppenheimer, which has maintained its Perform rating. In its research report, Oppenheimer writes "As in the prior quarter, ALB reported very strong margin expansion that more than offset modestly weaker than expected revenue. 3Q10 EPS of $1.02 rose 79.9% year-over-year, 29% above estimate, as operating margin spiked 840bps yoy, likely led by high commodity bromine and favorable production utilization...

10/21/10Albemarle Achieves Record Quarterly Earnings; EPS $1.02 (Benzinga)

Albemarle Corporation (NYSE: ALB) reported third quarter 2010 earnings Third quarter 2010 highlights: Achieved record quarterly earnings of $1.02 per share, up nearly 80 percent over third quarter 2009 results. Net sales increased 14 percent from prior year's quarter to $585 million. Outstanding operating performance with strong year-over-year profit growth across all three segments, including record segment income for Polymer Solutions and Catalysts for the third consecutive...

10/4/10Bromine Prices To Rise Along With Albermarle Earnings (Benzinga)

Jefferies & Co. has published a research report for Albermarle Corporation (NYSE: ALB) in anticipation of the raising Bromine prices. In the report, Jefferies writes "Reflecting a tight global market, Albemarle has announced a price increase for elemental bromine by $500/t, or roughly 15%, and for hydrobromic acid by $250/t. Elemental bromine represents roughly 10% of Albemarle's total bromine volumes, and is reported in Fine Chemicals. Hydrobromic acid is a small product line, mostly used...

9/9/09(MWV) MeadWestvaco Forms Strategic Alliance With Albemarle (Stock Blog Hub)

Yesterday, MeadWestvaco Corp. (MWV) executed a Memorandum of Understanding (MOU) to form a strategic alliance with Albemarle Corporation (ALB) to supply activated carbon products in the U.S. This alliance will serve the emerging mercury removal market for the coal-fired power industry. Unlike other U.S. activated carbon producers, which make their sorbents from coal or lignite, MeadWestvaco [...]


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