Albemarle shares slid -4.5% this afternoon. Here's what you need to know about the large-cap Specialty industrial machinery company:
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Albemarle has logged a -1.7% 52 week change, compared to -5.4% for the S&P 500
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ALB has an average analyst rating of buy and is -33.89% away from its mean target price of $294.5 per share
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Its trailing earnings per share (EPS) is $22.83, which brings its trailing Price to Earnings (P/E) ratio to 8.5. The Industrials sector's average P/E ratio is 20.49
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The company's forward earnings per share (EPS) is $26.29 and its forward P/E ratio is 7.4
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The company has a Price to Book (P/B) ratio of 2.9 in contrast to the Industrials sector's average P/B ratio is 3.78
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The current ratio is currently 1.9, which consists in its liquid assets divided by any liabilities due within in the next 12 months
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The company's free cash flow for the last fiscal year was $646,203,000.00 and the average free cash flow growth rate is 55.7%
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Albemarle's revenues have an average growth rate of 19.5% with operating expenses growing at 0.2%. The company's current operating margins stand at 33.9%