Analysts expect Albany International Corp. (NYSE:AIN – Get Rating) will report earnings per share of $0.74 for the current quarter, according to Zacks Investment Research. Two analysts released earnings estimates for Albany International. The highest EPS estimate is $0.74 and the lowest is $0.73. Albany International reported earnings of $0.87 per share in the same quarter last year, which would indicate a negative 14.9% year-over-year growth rate. The company is expected to announce its next earnings report on Monday, April 25.

On average, analysts expect Albany International to report annual earnings of $3.18 per share for the current year, with EPS estimates ranging from $3.09 to $3.30. For next year, analysts expect the company to post earnings of $3.58 per share, with EPS estimates ranging from $3.20 to $3.88. Zacks Investment Research’s EPS calculations are an average average based on a survey of sell-side research firms that cover Albany International.

Albany International (NYSE:AIN – Get Rating) last released its results on Monday, February 14. The textile maker reported EPS of $0.86 for the quarter, beating Thomson Reuters consensus estimate of $0.64 by $0.22. Albany International had a net margin of 12.75% and a return on equity of 13.44%. In the same quarter of the previous year, the company had achieved EPS of $0.89.

AIN has been the subject of several reports by research analysts. Truist Financial downgraded Albany International from a “hold” rating to a “buy” rating and raised its price target for the company from $85.00 to $100.00 in a Friday, January 7 research report. Zacks Investment Research downgraded Albany International from a “hold” rating to a “sell” rating in a Monday, January 10 research report. Finally, Bank of America reiterated a “neutral” rating and issued a target price of $90.00 (from $105.00 previously) on Albany International shares in a Tuesday, February 22 research note.

Albany International’s stock traded down $0.83 at midday on Friday, hitting $84.09. 117,217 shares of the company were traded, against an average volume of 158,919. The company has a current ratio of 3.65, a quick ratio of 3.08 and a debt ratio of 0.40. The stock has a market capitalization of $2.68 billion, a P/E ratio of 23.04, a P/E/G ratio of 4.74 and a beta of 1.35. Albany International has a 1-year low of $74.17 and a 1-year high of $93.43. The stock has a 50-day moving average of $86.21 and a two-hundred-day moving average of $83.58.

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 7. Shareholders of record on Monday, March 21 will receive a dividend of $0.21 per share. This represents a dividend of $0.84 on an annualized basis and a yield of 1.00%. The ex-dividend date is Friday, March 18. Albany International’s dividend payout ratio is 23.01%.

In other Albany International news, insider Daniel A. Halftermeyer sold 5,000 shares of the company in a trade dated Wednesday, Dec. 22. The shares were sold at an average price of $89.10, for a total transaction of $445,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 5.78% of the shares are held by insiders of the company.

Major investors have recently been buying and selling shares of the company. Confluence Wealth Services Inc. bought a new position in Albany International stock in the fourth quarter valued at around $27,000. Rockefeller Capital Management LP increased its holdings of Albany International shares by 414.3% in the third quarter. Rockefeller Capital Management LP now owns 396 shares of the textile maker valued at $30,000 after buying 319 additional shares last quarter. Vigilant Capital Management LLC increased its holdings of Albany International shares by 88.3% in the third quarter. Vigilant Capital Management LLC now owns 452 shares of the textile maker valued at $35,000 after buying 212 additional shares last quarter. US Asset Management LLC acquired a new equity stake in Albany International in the third quarter valued at approximately $65,000. Finally, O Shaughnessy Asset Management LLC increased its stake in Albany International shares by 23.5% in the third quarter. O Shaughnessy Asset Management LLC now owns 2,031 shares of the textile maker valued at $156,000 after buying 387 additional shares last quarter. Institutional investors hold 98.25% of the company’s shares.

About Albany International (Get a rating)

Albany International Corp. engages in the processing of textiles and materials. It operates through the following segments: Machine Clothing and Albany Engineered Composites. The Machine Clothing segment provides fabrics used in the manufacturing process of the pulp, corrugator, nonwovens, fiber cement, building products, tannery and textile industries.

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