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

Albany International (NYSE:AIN) updated its FY 2025 earnings guidance on Wednesday. The company provided EPS guidance of 3.000-3.400 for the period, compared to the consensus EPS 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 Albany International stock traded up $2.14 during trading on Friday, reaching $75.91. 51,836 shares of the company’s stock were exchanged, compared to its average volume of 162,167. The firm’s 50-day moving average price is $80.53 and its 200 day moving average price is $81.58. The company has a market cap of $2.38 billion, a P/E ratio of 23.73 and a beta of 1.34. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.94 and a current ratio of 3.68. Albany International has a 1-year low of $67.39 and a 1-year high of $97.60.

Albany International (NYSE:AIN) last issued its quarterly earnings results on Wednesday, February 26th. The textile maker reported $0.58 earnings per share for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.05). The company had revenue of $286.91 million during the quarter, compared to analysts’ expectations of $299.52 million. Albany International had a return on equity of 12.20% and a net margin of 7.92%. As a group, research analysts anticipate that Albany International will post 3.23 earnings per share for the current year.

Albany International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 7th. Stockholders of record on Friday, March 21st will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend is Friday, March 21st. Albany International’s payout ratio is 33.75%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on AIN. StockNews.com upgraded shares of Albany International from a “hold” rating to a “buy” rating in a research report on Thursday, January 23rd. Robert W. Baird decreased their price objective on shares of Albany International from $104.00 to $92.00 and set an “outperform” rating for the company in a research note on Friday. Truist Financial boosted their price objective on shares of Albany International from $85.00 to $88.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. JPMorgan Chase & Co. lowered their price objective on shares of Albany International from $75.00 to $74.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. Finally, Bank of America cut their price target on Albany International from $90.00 to $80.00 and set an “underperform” rating on the stock in a report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $83.00.

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.