Albany International (AIN) Expected to Announce Quarterly Earnings on Wednesday

Albany International (NYSE:AIN) is expected to issue its quarterly earnings data after the market closes on Wednesday, February 26th. Analysts expect the company to announce earnings of $0.63 per share and revenue of $300.22 million for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Albany International Price Performance

AIN opened at $79.84 on Tuesday. The stock has a fifty day moving average price of $80.61 and a 200 day moving average price of $81.71. 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 stock has a market cap of $2.50 billion, a price-to-earnings ratio of 24.95 and a beta of 1.34.

Albany International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 7th. Stockholders of record on Friday, March 21st will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, March 21st. This represents a $1.08 annualized dividend and a dividend yield of 1.35%. Albany International’s dividend payout ratio is 33.75%.

Analysts Set New Price Targets

AIN has been the topic of several recent research reports. Bank of America cut 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. JPMorgan Chase & Co. cut their price target 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. Truist Financial upped their price objective 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. TD Cowen upgraded Albany International to a “strong-buy” rating in a report on Thursday, December 19th. Finally, StockNews.com upgraded Albany International from a “hold” rating to a “buy” rating in a research note on Thursday, January 23rd. One research 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 stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus 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.