Shares of Albany International Corp. (NYSE:AIN – Get Free Report) have been assigned a consensus rating of “Moderate Buy” from the four analysts that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating and three have issued a buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $110.50.
A number of equities research analysts recently commented on the stock. Bank of America reiterated an “underperform” rating and set a $95.00 price target (down from $105.00) on shares of Albany International in a report on Thursday, March 28th. Truist Financial upped their price objective on shares of Albany International from $105.00 to $121.00 and gave the company a “buy” rating in a research note on Wednesday, January 10th.
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Institutional Investors Weigh In On Albany International
Albany International Trading Up 0.5 %
Shares of Albany International stock opened at $88.23 on Monday. The company’s 50-day moving average price is $91.95 and its 200-day moving average price is $89.63. The company has a current ratio of 3.53, a quick ratio of 2.85 and a debt-to-equity ratio of 0.47. Albany International has a 12-month low of $78.20 and a 12-month high of $99.41. The company has a market cap of $2.75 billion, a price-to-earnings ratio of 24.85, a PEG ratio of 2.29 and a beta of 1.25.
Albany International (NYSE:AIN – Get Free Report) last issued its quarterly earnings results on Tuesday, February 27th. The textile maker reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.38. Albany International had a net margin of 9.68% and a return on equity of 13.70%. The business had revenue of $323.60 million for the quarter, compared to analysts’ expectations of $298.17 million. During the same period last year, the business earned $0.75 earnings per share. The business’s quarterly revenue was up 20.4% on a year-over-year basis. On average, equities analysts expect that Albany International will post 3.9 earnings per share for the current fiscal year.
Albany International Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend was Thursday, March 14th. Albany International’s dividend payout ratio is presently 29.30%.
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.
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