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

Shares of NYSE AIN traded up $1.79 during trading on Friday, reaching $55.98. 821,396 shares of the company traded hands, compared to its average volume of 264,880. The firm's fifty day simple moving average is $68.58 and its 200 day simple moving average is $70.95. The stock has a market cap of $1.69 billion, a P/E ratio of 27.99, a PEG ratio of 1.26 and a beta of 1.31. Albany International has a 12-month low of $50.60 and a 12-month high of $94.20. The company has a current ratio of 3.51, a quick ratio of 2.92 and a debt-to-equity ratio of 0.50.

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 for the quarter, missing the consensus estimate of $0.73 by ($0.16). Albany International had a net margin of 5.25% and a return on equity of 8.87%. The business had revenue of $311.40 million during the quarter, compared to analysts' expectations of $306.06 million. During the same quarter in the prior year, the firm earned $0.89 EPS. Albany International's revenue for the quarter was down 6.2% on a year-over-year basis. As a group, research analysts anticipate that Albany International will post 3.23 earnings per share for the current fiscal year.

Albany International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 8th. Shareholders of record on Friday, June 6th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.9%. The ex-dividend date was Friday, June 6th. Albany International's payout ratio is 54.00%.

Analysts Set New Price Targets

Several research firms have commented on AIN. Baird R W lowered Albany International from a "strong-buy" rating to a "hold" rating in a research note on Thursday. Wall Street Zen upgraded Albany International from a "hold" rating to a "buy" rating in a research note on Friday, May 16th. Bank of America cut their price objective on Albany International from $75.00 to $65.00 and set an "underperform" rating for the company in a research note on Monday, June 2nd. Robert W. Baird lowered Albany International from an "outperform" rating to a "neutral" rating and set a $79.00 price objective for the company. in a research note on Thursday. Finally, Truist Financial reiterated a "hold" rating and set a $55.00 price objective (down from $70.00) on shares of Albany International in a research note on Friday. One analyst has rated the stock with a sell rating, four have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $71.40.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Intech Investment Management LLC lifted 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 worth $1,193,000 after purchasing an additional 3,837 shares in the last quarter. Jane Street Group LLC acquired a new position in Albany International during the first quarter worth $7,468,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted 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 worth $4,087,000 after purchasing an additional 3,559 shares in the last quarter. Millennium Management LLC lifted 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 worth $6,347,000 after purchasing an additional 75,644 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted 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 worth $1,282,000 after purchasing an additional 807 shares in the last quarter. 97.37% of the stock is currently owned by institutional investors and hedge funds.

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.