Albany International (NYSE:AIN – Get Rating) is set to post its quarterly earnings results after the market closes on Monday, April 25th. Analysts expect Albany International to post earnings of $0.74 per share for the quarter. Albany International has set its FY 2022 guidance at $2.800-$3.300 EPS.Parties interested in listening to the company’s conference call can do so using this link.
Albany International (NYSE:AIN – Get Rating) last announced its earnings results on Tuesday, February 15th. The textile maker reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.25. Albany International had a net margin of 12.75% and a return on equity of 13.44%. The business had revenue of $239.92 million during the quarter, compared to the consensus estimate of $224.76 million. During the same quarter in the prior year, the firm earned $0.89 earnings per share. On average, analysts expect Albany International to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Shares of AIN opened at $81.75 on Monday. Albany International has a fifty-two week low of $74.17 and a fifty-two week high of $93.43. The firm has a market capitalization of $2.60 billion, a P/E ratio of 22.40, a price-to-earnings-growth ratio of 4.68 and a beta of 1.33. The business’s 50-day simple moving average is $85.47. The company has a quick ratio of 3.08, a current ratio of 3.65 and a debt-to-equity ratio of 0.40.
Several hedge funds have recently bought and sold shares of AIN. Morgan Stanley lifted its position in shares of Albany International by 39.7% during the 2nd quarter. Morgan Stanley now owns 106,915 shares of the textile maker’s stock valued at $9,542,000 after acquiring an additional 30,402 shares during the period. LPL Financial LLC acquired a new stake in shares of Albany International during the 3rd quarter valued at approximately $212,000. UBS Group AG lifted its position in shares of Albany International by 49.7% during the 3rd quarter. UBS Group AG now owns 3,101 shares of the textile maker’s stock valued at $238,000 after acquiring an additional 1,029 shares during the period. Janus Henderson Group PLC acquired a new stake in shares of Albany International during the 3rd quarter valued at approximately $238,000. Finally, JPMorgan Chase & Co. lifted its position in shares of Albany International by 51.3% during the 4th quarter. JPMorgan Chase & Co. now owns 58,792 shares of the textile maker’s stock valued at $5,201,000 after acquiring an additional 19,943 shares during the period. Institutional investors own 98.25% of the company’s stock.
AIN has been the subject of several recent research reports. Zacks Investment Research downgraded shares of Albany International from a “hold” rating to a “sell” rating in a research note on Monday, January 10th. Truist Financial upgraded shares of Albany International from a “hold” rating to a “buy” rating and raised their price objective for the company from $85.00 to $100.00 in a research report on Friday, January 7th. Bank of America restated a “neutral” rating and issued a $90.00 price objective (down previously from $105.00) on shares of Albany International in a research report on Tuesday, February 22nd. Finally, StockNews.com started coverage on shares of Albany International in a research report on Thursday, March 31st. They issued a “buy” rating for the company. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $95.33.
About Albany International (Get Rating)
Albany International Corp., together with its subsidiaries, engages in the textile and materials processing business. 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, and towels.
- Get a free copy of the StockNews.com research report on Albany International (AIN)
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