Albany International (AIN) to Release Earnings on Monday

Albany International (NYSE:AIN) will be releasing its earnings data after the market closes on Monday, April 29th. Analysts expect Albany International to post earnings of $0.87 per share for the quarter. Albany International has set its FY 2024 guidance at 3.550-4.050 EPS.Parties that wish to listen to the company’s conference call can do so using this link.

Albany International (NYSE:AIN) last posted its earnings results on Tuesday, February 27th. The textile maker reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.38. The company had revenue of $323.60 million during the quarter, compared to the consensus estimate of $298.17 million. Albany International had a net margin of 9.68% and a return on equity of 13.70%. The firm’s quarterly revenue was up 20.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.75 earnings per share. On average, analysts expect Albany International to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Albany International Trading Up 0.3 %

Shares of Albany International stock opened at $87.68 on Friday. The firm has a 50-day simple moving average of $91.56 and a two-hundred day simple moving average of $89.69. The company has a market cap of $2.74 billion, a P/E ratio of 24.70, a price-to-earnings-growth ratio of 2.27 and a beta of 1.25. Albany International has a fifty-two week low of $78.20 and a fifty-two week high of $99.41. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.85 and a current ratio of 3.53.

Albany International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were paid a dividend of $0.26 per share. The ex-dividend date was Thursday, March 14th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.19%. Albany International’s dividend payout ratio is currently 29.30%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on AIN shares. Truist Financial upped their price objective on shares of Albany International from $105.00 to $121.00 and gave the company a “buy” rating in a research note on Wednesday, January 10th. Bank of America reiterated an “underperform” rating and set a $95.00 target price (down from $105.00) on shares of Albany International in a report on Thursday, March 28th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $110.50.

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.