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

Albany International (NYSE:AIN) issued its earnings results on Wednesday. The textile maker reported $0.58 EPS for the quarter, missing the consensus estimate 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 Stock Performance

Albany International stock opened at $78.90 on Thursday. 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 company has a market cap of $2.47 billion, a PE ratio of 24.66 and a beta of 1.34. The company’s 50-day moving average is $80.60 and its two-hundred day moving average is $81.65.

Albany International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 7th. Investors of record on Friday, March 21st will be given 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 yield of 1.37%. Albany International’s dividend payout ratio (DPR) is 33.75%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Truist Financial boosted their target price 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. TD Cowen upgraded shares of Albany International to a “strong-buy” rating in a research note on Thursday, December 19th. Bank of America reduced their target price 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. reduced 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 report on Wednesday, January 15th. Finally, StockNews.com upgraded shares of Albany International from a “hold” rating to a “buy” rating in a research report 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 company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average 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.