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

Key Points

• Albany International updated its FY 2025 earnings guidance, projecting an EPS of 3.000-3.400 and revenue of $1.2 billion-$1.3 billion, aligning closely with consensus estimates.
• The company's stock decreased by 0.7% to $70.96, with analysts' ratings reflecting a mix of underperform, hold, and buy ratings, and an average target price of $79.00.
• Albany International's recent quarterly earnings showed an EPS of $0.57, which fell short of the consensus estimate of $0.74, alongside a dividend payout ratio of 43.55%.

Albany International (NYSE:AIN - Get Free Report) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 3.000-3.400 for the period, compared to the consensus earnings per share estimate of 3.212. The company issued revenue guidance of $1.2 billion-$1.3 billion, compared to the consensus revenue estimate of $1.2 billion.

Albany International Stock Performance

NYSE:AIN traded up $1.79 during trading hours on Friday, reaching $55.98. 821,396 shares of the stock were exchanged, compared to its average volume of 264,880. The stock has a market capitalization of $1.69 billion, a P/E ratio of 27.99, a P/E/G ratio of 1.30 and a beta of 1.38. Albany International has a 52 week low of $50.60 and a 52 week high of $94.20. The company has a quick ratio of 2.92, a current ratio of 3.51 and a debt-to-equity ratio of 0.50. The firm has a 50 day simple moving average of $68.58 and a 200-day simple moving average of $70.88.

Albany International (NYSE:AIN - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The textile maker reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.16). The company had revenue of $311.40 million during the quarter, compared to the consensus estimate of $306.06 million. Albany International had a return on equity of 8.87% and a net margin of 5.25%. The company's revenue for the quarter was down 6.2% on a year-over-year basis. During the same period last year, the business posted $0.89 EPS. As a group, sell-side analysts forecast that Albany International will post 3.23 earnings per share for the current fiscal year.

Albany International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 8th. Investors of record on Friday, June 6th were issued a $0.27 dividend. The ex-dividend date of this dividend was Friday, June 6th. This represents a $1.08 annualized dividend and a dividend yield of 1.9%. Albany International's dividend payout ratio (DPR) is 54.00%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on AIN shares. Wall Street Zen raised Albany International from a "hold" rating to a "buy" rating in a report on Friday, May 16th. Bank of America lowered their target price on Albany International from $75.00 to $65.00 and set an "underperform" rating on the stock in a research report on Monday, June 2nd. Truist Financial cut Albany International from a "buy" rating to a "hold" rating and lowered their target price for the company from $70.00 to $55.00 in a research report on Friday. Baird R W cut Albany International from a "strong-buy" rating to a "hold" rating in a research report on Thursday. Finally, Robert W. Baird cut Albany International from an "outperform" rating to a "neutral" rating and set a $79.00 target price on the stock. in a research report on Thursday. One investment analyst has rated the stock with a sell rating, four have given a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $71.40.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Royal Bank of Canada boosted its stake in Albany International by 7.5% during the first quarter. Royal Bank of Canada now owns 15,590 shares of the textile maker's stock valued at $1,076,000 after buying an additional 1,085 shares in the last quarter. Intech Investment Management LLC boosted its stake in Albany International by 28.5% during the first quarter. Intech Investment Management LLC now owns 17,280 shares of the textile maker's stock valued at $1,193,000 after buying an additional 3,837 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Albany International by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,569 shares of the textile maker's stock valued at $1,282,000 after buying an additional 807 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Albany International by 6.4% during the first 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 buying an additional 3,559 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in Albany International by 464.4% during the first quarter. Millennium Management LLC now owns 91,934 shares of the textile maker's stock valued at $6,347,000 after buying an additional 75,644 shares in the last quarter. Institutional investors own 97.37% of the company's stock.

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.