Albany International (NYSE:AIN) Issues Earnings Results

Albany International (NYSE:AIN - Get Free Report) posted its quarterly earnings results on Wednesday. The textile maker reported $0.58 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.05), Zacks reports. Albany International had a net margin of 7.92% and a return on equity of 12.20%. The company had revenue of $286.91 million for the quarter, compared to analysts' expectations of $299.52 million. Albany International updated its FY 2025 guidance to 3.000-3.400 EPS.

Albany International Stock Performance

Shares of AIN traded up $2.81 during trading hours on Friday, reaching $76.58. 388,943 shares of the company traded hands, compared to its average volume of 171,134. The stock's fifty day moving average is $80.43 and its 200 day moving average is $81.46. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.94 and a current ratio of 3.68. The stock has a market cap of $2.40 billion, a P/E ratio of 23.93 and a beta of 1.34. Albany International has a 1-year low of $67.39 and a 1-year high of $97.60.

Albany International Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Friday, March 21st. This represents a $1.08 annualized dividend and a dividend yield of 1.41%. Albany International's payout ratio is 33.75%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on AIN shares. JPMorgan Chase & Co. dropped their price objective on Albany International from $75.00 to $74.00 and set a "neutral" rating on the stock in a report on Wednesday, January 15th. Bank of America cut their price target on shares of Albany International from $90.00 to $80.00 and set an "underperform" rating on the stock in a report on Friday, November 15th. Robert W. Baird cut their target price on Albany International from $104.00 to $92.00 and set an "outperform" rating on the stock in a report on Friday. Truist Financial upped their price target on Albany International from $85.00 to $88.00 and gave the stock a "buy" rating in a research note on Tuesday, January 14th. Finally, TD Cowen raised Albany International to a "strong-buy" rating in a research note on Thursday, December 19th. One research analyst has rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Albany International currently has an average rating of "Moderate Buy" and a consensus price target of $83.00.

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About Albany International

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.