Albany International (AIN) Expected to Announce Earnings on Wednesday

Albany International (NYSE:AIN - Get Free Report) is expected to be issuing its quarterly earnings data after the market closes on Wednesday, February 26th. Analysts expect the company to announce earnings of $0.63 per share and revenue of $300.22 million for the quarter. Parties interested in listening to the company's conference call can do so using this link.

Albany International Stock Performance

Shares of NYSE:AIN traded down $2.58 on Friday, hitting $79.86. The company's stock had a trading volume of 140,304 shares, compared to its average volume of 115,885. Albany International has a 12 month low of $67.39 and a 12 month high of $98.73. The company has a market capitalization of $2.50 billion, a price-to-earnings ratio of 24.96 and a beta of 1.34. The stock's 50-day moving average is $80.64 and its two-hundred day moving average is $81.85. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.94 and a current ratio of 3.68.

Albany International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 7th. Stockholders of record on Friday, March 21st will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.35%. Albany International's payout ratio is 33.75%.

Wall Street Analysts Forecast Growth

AIN has been the subject of several recent analyst reports. JPMorgan Chase & Co. decreased their price target on Albany International from $75.00 to $74.00 and set a "neutral" rating for the company in a research note on Wednesday, January 15th. TD Cowen upgraded Albany International to a "strong-buy" rating in a report on Thursday, December 19th. StockNews.com upgraded Albany International from a "hold" rating to a "buy" rating in a report on Thursday, January 23rd. Truist Financial upped their price objective on Albany International from $85.00 to $88.00 and gave the company a "buy" rating in a report on Tuesday, January 14th. Finally, Bank of America cut their price objective on Albany International from $90.00 to $80.00 and set an "underperform" rating for the company in a report on Friday, November 15th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $80.75.

Albany International Company Profile

Albany International Corp., together with its subsidiaries, engages in the machine clothing and engineered composites businesses. The company operates in two segments, Machine Clothing (MC) and Albany Engineered Composites (AEC). The MC segment designs, manufactures, and markets paper machine clothing for use in the manufacturing of papers, paperboards, tissues, towels, pulps, nonwovens, building products, tannery, and textiles, as well as fiber cement and several other industrial applications.