Albany International (NYSE:AIN) Updates FY 2025 Earnings Guidance

Albany International (NYSE:AIN) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 3.000-3.400 for the period, compared to the consensus earnings per share estimate of 3.800. The company issued revenue guidance of $1.2 billion-$1.3 billion, compared to the consensus revenue estimate of $1.3 billion.

Albany International Price Performance

Shares of AIN traded down $1.07 during trading hours on Wednesday, hitting $78.90. The stock had a trading volume of 225,782 shares, compared to its average volume of 152,352. Albany International has a 52 week low of $67.39 and a 52 week high of $98.73. The stock has a market capitalization of $2.47 billion, a price-to-earnings ratio of 24.66 and a beta of 1.34. The company’s fifty day moving average is $80.60 and its two-hundred day moving average is $81.65. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.68 and a quick ratio of 2.94.

Albany International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 7th. Stockholders of record on Friday, March 21st will be paid 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 Analysts Forecast Growth

A number of research firms have commented on AIN. StockNews.com raised shares of Albany International from a “hold” rating to a “buy” rating in a report on Thursday, January 23rd. Bank of America reduced their target price on Albany International from $90.00 to $80.00 and set an “underperform” rating on the stock in a report on Friday, November 15th. JPMorgan Chase & Co. lowered their price target on Albany International from $75.00 to $74.00 and set a “neutral” rating for the company in a report on Wednesday, January 15th. TD Cowen upgraded Albany International to a “strong-buy” rating in a report on Thursday, December 19th. Finally, Truist Financial increased their target price on Albany International from $85.00 to $88.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. 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. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.