Albany International (NYSE:AIN) Posts Quarterly Earnings Results, Misses Estimates By $0.05 EPS

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

Albany International Trading Down 6.4 %

AIN opened at $73.75 on Friday. The firm has a market cap of $2.31 billion, a P/E ratio of 23.05 and a beta of 1.34. Albany International has a 12 month low of $67.39 and a 12 month high of $97.60. The company has a current ratio of 3.68, a quick ratio of 2.94 and a debt-to-equity ratio of 0.36. The stock has a 50-day moving average of $80.64 and a 200 day moving average of $81.63.

Albany International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 7th. Stockholders of record on Friday, March 21st will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, March 21st. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.46%. Albany International’s payout ratio is 33.75%.

Wall Street Analysts Forecast Growth

AIN has been the topic of a number of research analyst reports. Truist Financial increased their price objective on shares of Albany International from $85.00 to $88.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. Bank of America lowered their price objective on shares of Albany International from $90.00 to $80.00 and set an “underperform” rating on the stock in a research report on Friday, November 15th. StockNews.com upgraded shares of Albany International from a “hold” rating to a “buy” rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. lowered their price objective on shares of Albany International from $75.00 to $74.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th. Finally, TD Cowen raised shares of Albany International to a “strong-buy” rating in a report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Albany International presently has a consensus 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.