Albany International (NYSE:AIN) Releases Earnings Results, Misses Expectations By $0.05 EPS

Albany International (NYSE:AIN) announced its quarterly earnings results on Wednesday. The textile maker reported $0.58 EPS for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.05), Zacks reports. Albany International had a net margin of 7.92% and a return on equity of 12.20%. Albany International updated its FY 2025 guidance to 3.000-3.400 EPS.

Albany International Price Performance

NYSE AIN opened at $78.90 on Thursday. 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 has a 12-month low of $67.39 and a 12-month high of $98.73. The company has a market capitalization of $2.47 billion, a PE ratio of 24.66 and a beta of 1.34. The firm’s 50 day moving average is $80.60 and its 200-day moving average is $81.65.

Albany International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 7th. Stockholders of record on Friday, March 21st will be issued a $0.27 dividend. The ex-dividend date is Friday, March 21st. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.37%. Albany International’s dividend payout ratio (DPR) is presently 33.75%.

Wall Street Analyst Weigh In

AIN has been the subject of a number of research reports. TD Cowen raised Albany International to a “strong-buy” rating in a research note on Thursday, December 19th. StockNews.com upgraded shares of Albany International from a “hold” rating to a “buy” rating in a report on Thursday, January 23rd. Truist Financial raised their target price on shares of Albany International from $85.00 to $88.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. JPMorgan Chase & Co. dropped their target price on shares of Albany International from $75.00 to $74.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. Finally, Bank of America dropped their target price on shares of Albany International from $90.00 to $80.00 and set an “underperform” rating on the stock in a report on Friday, November 15th. One equities 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. Based on data from MarketBeat, Albany International currently has a consensus rating of “Moderate Buy” and an average price target of $80.75.

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.