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Earnings Watch: 10 Chemical Stocks

6. Albemarle (ALB - Get Report) is a developer, manufacturer and marketer of engineered specialty chemicals for consumer electronics, petroleum refining, utilities, packaging, construction, pharmaceuticals, crop protection and food-safety services. It operates in three segments: polymer solutions, catalysts, and fine chemicals.

The company reported record first quarter results on April 19. For the first quarter ended Mar. 2011, total revenue surged 20% y-o-y to $696.5 million, while gross margin grew 520 basis points to 33.5% from 28.3%. As a result, net income stood at $106.6 million or $1.15 per share, compared to $63.3 million or 69 cents per share a year ago.

The company recently increased its regular quarterly dividend to $0.165 cents per share from $0.14 per share, transforming into a annual dividend of 66 cents per share.

Of the 13 analysts covering the stock, 77% recommend it a buy, while the remaining rate a hold. There are no sell ratings on the stock. On average, analysts expect an upside of 19% to $68.75 in value from current levels.
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GGC $54.58 0.00%
ALB $45.21 0.00%
FOE $12.30 0.00%
IPHS $48.07 0.00%
KRA $21.11 0.00%


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