Albany International (NYSE:AIN – Get Rating) issued its quarterly earnings results on Monday. The textile maker reported $0.91 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.14, MarketWatch Earnings reports. Albany International had a net margin of 12.75% and a return on equity of 13.44%. During the same quarter last year, the firm earned $0.87 EPS.
Shares of Albany International stock opened at $76.69 on Wednesday. The business has a fifty day moving average of $84.64. The firm has a market capitalization of $2.44 billion, a P/E ratio of 21.01, a price-to-earnings-growth ratio of 4.88 and a beta of 1.33. The company has a debt-to-equity ratio of 0.40, a quick ratio of 3.08 and a current ratio of 3.65. Albany International has a 1 year low of $74.17 and a 1 year high of $93.43.
The business also recently declared a quarterly dividend, which was paid on Thursday, April 7th. Shareholders of record on Monday, March 21st were issued a dividend of $0.21 per share. The ex-dividend date was Friday, March 18th. This represents a $0.84 annualized dividend and a yield of 1.10%. Albany International’s dividend payout ratio (DPR) is presently 23.01%.
AIN has been the subject of a number of research analyst reports. Truist Financial raised Albany International from a “hold” rating to a “buy” rating and upped their price target for the company from $85.00 to $100.00 in a report on Friday, January 7th. StockNews.com assumed coverage on Albany International in a research report on Thursday, March 31st. They issued a “buy” rating for the company. Zacks Investment Research raised Albany International from a “sell” rating to a “hold” rating in a research note on Tuesday. Finally, Bank of America restated a “neutral” rating and issued a $90.00 price objective (down from $105.00) on shares of Albany International in a report on Tuesday, February 22nd. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $95.33.
Albany International Company Profile (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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