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

Albany International (NYSE:AIN) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided EPS guidance of 3.000-3.400 for the period, compared to the consensus EPS 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

AIN has been the subject of a number of recent analyst reports. StockNews.com raised Albany International from a “hold” rating to a “buy” rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. decreased their target price on Albany International from $75.00 to $74.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th. Truist Financial lifted their target price on Albany International from $85.00 to $88.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Bank of America lowered their price target 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. Finally, TD Cowen upgraded shares of Albany International to a “strong-buy” rating in a research report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $80.75.

Albany International Price Performance

Shares of NYSE AIN traded down $1.07 during mid-day trading on Wednesday, reaching $78.90. The company had a trading volume of 225,782 shares, compared to its average volume of 152,352. The firm has a market cap of $2.47 billion, a price-to-earnings ratio of 24.66 and a beta of 1.34. The business’s 50-day simple moving average is $80.60 and its 200 day simple moving average is $81.65. Albany International has a one year low of $67.39 and a one year high of $98.73. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.94 and a current ratio of 3.68.

Albany International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 7th. Shareholders of record on Friday, March 21st will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.37%. The ex-dividend date is Friday, March 21st. Albany International’s dividend payout ratio is currently 33.75%.

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.