Albany International (AIN) Projected to Post Earnings on Wednesday

Albany International (NYSE:AIN) will likely be releasing its earnings data after the market closes on Wednesday, February 26th. Analysts expect Albany International to post earnings of $0.63 per share and revenue of $300.22 million for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Albany International Stock Up 1.5 %

Shares of AIN stock opened at $82.15 on Wednesday. The company has a current ratio of 3.68, a quick ratio of 2.94 and a debt-to-equity ratio of 0.36. Albany International has a 1 year low of $67.39 and a 1 year high of $98.73. The firm’s fifty day moving average price is $80.67 and its two-hundred day moving average price is $81.90. The firm has a market capitalization of $2.57 billion, a P/E ratio of 25.67 and a beta of 1.34.

Albany International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 17th were paid a $0.27 dividend. This is a positive change from Albany International’s previous quarterly dividend of $0.26. This represents a $1.08 annualized dividend and a yield of 1.31%. The ex-dividend date of this dividend was Tuesday, December 17th. Albany International’s payout ratio is presently 33.75%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Truist Financial lifted their price target 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. 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 note on Friday, November 15th. JPMorgan Chase & Co. lowered their price target on shares of Albany International from $75.00 to $74.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. StockNews.com upgraded shares of Albany International from a “hold” rating to a “buy” rating in a research note on Thursday, January 23rd. Finally, TD Cowen raised shares of Albany International to a “strong-buy” rating in a report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Albany International has an average 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.