Albany International Corporation (AIN) Scheduled to Post Quarterly Earnings on Monday
Albany International Corporation (NYSE:AIN) is scheduled to issue its quarterly earnings data after the market closes on Monday, October 30th. Analysts expect the company to announce earnings of $0.42 per share for the quarter.
Albany International Corporation (NYSE:AIN) last announced its earnings results on Tuesday, August 1st. The textile maker reported $0.16 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.52 by ($0.36). Albany International Corporation had a net margin of 4.98% and a return on equity of 8.42%. The business had revenue of $215.57 million during the quarter. On average, analysts expect Albany International Corporation to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Albany International Corporation (NYSE AIN) opened at 57.70 on Monday. The firm has a 50 day moving average price of $56.20 and a 200-day moving average price of $51.71. The firm has a market capitalization of $1.85 billion, a price-to-earnings ratio of 45.43 and a beta of 1.70. Albany International Corporation has a 12 month low of $37.00 and a 12 month high of $58.88.
The firm also recently announced a quarterly dividend, which was paid on Friday, October 6th. Investors of record on Monday, September 11th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, September 8th. This represents a $0.68 annualized dividend and a yield of 1.18%. Albany International Corporation’s payout ratio is 53.54%.
Separately, BidaskClub downgraded Albany International Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th.
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In related news, insider Daniel A. Halftermeyer sold 17,300 shares of the stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $53.29, for a total transaction of $921,917.00. Following the completion of the sale, the insider now owns 66,377 shares in the company, valued at approximately $3,537,230.33. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 11.63% of the stock is owned by corporate insiders.
Albany International Corporation Company Profile
Albany International Corp. is focused on textiles and materials processing business. The Company operates through two segments: Machine Clothing and Albany Engineered Composites. The Company’s Machine Clothing segment supplies permeable and impermeable belts used in the manufacture of paper, paperboard, nonwovens, fiber cement and various other industrial applications.
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