Albany International Corp. (AIN) Posts Quarterly Results
Albany International Corp. (NYSE:AIN) announced its earnings results on Monday. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by $0.05, American Banking News reports. The company had revenue of $193.50 million for the quarter, compared to the consensus estimate of $194.03 million.
Shares of Albany International Corp. (NYSE:AIN) traded up 1.29% on Monday, hitting $36.06. 98,660 shares of the company’s stock traded hands. Albany International Corp. has a 52 week low of $32.00 and a 52 week high of $39.02. The stock has a 50-day moving average of $37.18 and a 200-day moving average of $36.22. The company has a market cap of $1.147 billion and a price-to-earnings ratio of 68.46.
Albany International Corp. is an advanced textile and material processing company. The Company’s business is a producer of custom-designed fabrics and belts essential to paper and paperboard production.
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