Albany International Corporation (AIN) to Issue Quarterly Dividend of $0.28 on October 7th

Albany International Corporation (NYSE:AIN) declared a quarterly dividend on Friday, August 21st. Investors of record on Tuesday, September 1st will be given a dividend of 0.28 per share by the textile maker on Wednesday, October 7th. This represents a c) dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Tuesday, September 1st.

Albany International has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 7 years. Albany International has a dividend payout ratio of 28.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Albany International to earn $3.25 per share next year, which means the company should continue to be able to cover its $1.12 annual dividend with an expected future payout ratio of 34.5%.

Albany International Trading Down 1.3%

Shares of Albany International stock opened at $58.43 on Friday. The company has a market capitalization of $1.66 billion, a price-to-earnings ratio of -33.58, a PEG ratio of 1.63 and a beta of 1.17. The company has a quick ratio of 1.89, a current ratio of 2.24 and a debt-to-equity ratio of 0.60. Albany International has a 12-month low of $41.15 and a 12-month high of $77.00. The firm’s 50-day moving average price is $69.17 and its two-hundred day moving average price is $62.68.

Albany International (NYSE:AIN) last issued its earnings results on Tuesday, August 4th. The textile maker reported $0.82 EPS for the quarter, beating the consensus estimate of $0.74 by $0.08. Albany International had a negative net margin of 4.18% and a positive return on equity of 10.76%. The company had revenue of $329.48 million during the quarter, compared to analysts’ expectations of $340.10 million. During the same period in the previous year, the company earned $0.31 EPS. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. Albany International has set its Q3 2026 guidance at 0.600-0.700 EPS. On average, analysts forecast that Albany International will post 2.86 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have commented on AIN. Weiss Ratings upgraded shares of Albany International from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, July 28th. Wall Street Zen lowered Albany International from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. Finally, Truist Financial boosted their price target on Albany International from $55.00 to $61.00 and gave the stock a “hold” rating in a report on Friday, June 12th. Three research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $54.00.

Albany International Company Profile

Albany International Corp. is a global advanced materials company specializing in engineered textiles and composites. Its business is organized into two primary segments: Process Media and Engineered Composites. The Process Media segment designs, manufactures and services press, forming and drying fabrics used in the production of paper and packaging materials, helping paper manufacturers improve efficiency, quality and sustainability. The Engineered Composites segment produces lightweight composite structures and components for aerospace and industrial applications, serving commercial and military aircraft programs as well as industrial markets that require high-performance, durable materials.

In the Process Media segment, Albany’s products include forming fabrics, press felts and dryer fabrics engineered to withstand extreme moisture and temperature conditions.