Albany International (NYSE:AIN) Releases FY 2025 Earnings Guidance

Albany International (NYSE:AIN) updated its FY 2025 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 3.000-3.400 for the period, compared to the consensus estimate of 3.800. The company issued revenue guidance of $1.2 billion-$1.3 billion, compared to the consensus revenue estimate of $1.3 billion.

Wall Street Analyst Weigh In

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

Albany International Price Performance

NYSE AIN traded up $2.14 on Friday, reaching $75.91. 51,836 shares of the stock traded hands, compared to its average volume of 162,167. Albany International has a 12 month low of $67.39 and a 12 month high of $97.60. The firm’s fifty day simple moving average is $80.53 and its 200 day simple moving average is $81.58. The company has a market cap of $2.38 billion, a price-to-earnings ratio of 23.73 and a beta of 1.34. The company has a quick ratio of 2.94, a current ratio of 3.68 and a debt-to-equity ratio of 0.36.

Albany International (NYSE:AIN) last released its quarterly earnings data on Wednesday, February 26th. The textile maker reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.05). The company had revenue of $286.91 million during the quarter, compared to analyst estimates of $299.52 million. Albany International had a net margin of 7.92% and a return on equity of 12.20%. As a group, research analysts predict that Albany International will post 3.23 EPS for the current fiscal year.

Albany International Announces Dividend

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 given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date is Friday, March 21st. Albany International’s dividend payout ratio is currently 33.75%.

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.