Albany International (AIN) Projected to Post Earnings on Wednesday

Albany International (NYSE:AIN - Get Free Report) is expected to be announcing its Q2 2025 earnings results after the market closes on Wednesday, July 30th. Analysts expect the company to announce earnings of $0.74 per share and revenue of $306.06 million for the quarter. Albany International has set its FY 2025 guidance at 3.000-3.400 EPS.

Albany International (NYSE:AIN - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The textile maker reported $0.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.58 by $0.15. The company had revenue of $288.77 million for the quarter, compared to the consensus estimate of $300.74 million. Albany International had a net margin of 6.44% and a return on equity of 9.79%. Albany International's revenue was down 7.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.90 earnings per share. On average, analysts expect Albany International to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Albany International Price Performance

Albany International stock traded up $0.36 during mid-day trading on Friday, reaching $72.17. 149,676 shares of the company's stock traded hands, compared to its average volume of 231,353. The company has a market cap of $2.18 billion, a price-to-earnings ratio of 29.10, a PEG ratio of 1.67 and a beta of 1.31. The stock has a 50 day moving average of $68.76 and a two-hundred day moving average of $71.48. The company has a quick ratio of 2.92, a current ratio of 3.70 and a debt-to-equity ratio of 0.46. Albany International has a 12-month low of $57.71 and a 12-month high of $95.47.

Albany International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 8th. Investors of record on Friday, June 6th were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date was Friday, June 6th. Albany International's payout ratio is 43.55%.

Institutional Trading of Albany International

Institutional investors have recently modified their holdings of the company. Jane Street Group LLC acquired a new stake in Albany International in the 1st quarter worth approximately $7,468,000. Millennium Management LLC raised its position in Albany International by 464.4% during the 1st quarter. Millennium Management LLC now owns 91,934 shares of the textile maker's stock worth $6,347,000 after buying an additional 75,644 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Albany International by 6.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 59,199 shares of the textile maker's stock valued at $4,087,000 after purchasing an additional 3,559 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Albany International by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,569 shares of the textile maker's stock valued at $1,282,000 after purchasing an additional 807 shares in the last quarter. Finally, Intech Investment Management LLC grew its stake in Albany International by 28.5% in the 1st quarter. Intech Investment Management LLC now owns 17,280 shares of the textile maker's stock valued at $1,193,000 after acquiring an additional 3,837 shares during the period. 97.37% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on AIN shares. Bank of America reduced their target price on shares of Albany International from $75.00 to $65.00 and set an "underperform" rating on the stock in a research note on Monday, June 2nd. JPMorgan Chase & Co. raised their price target on shares of Albany International from $65.00 to $77.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Wall Street Zen raised shares of Albany International from a "hold" rating to a "buy" rating in a research note on Friday, May 16th. Finally, Truist Financial reduced their price target on shares of Albany International from $88.00 to $80.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. One analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $79.00.

About Albany International

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.