Albany International (AIN) Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Albany International in the last year. There are currently 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" AIN shares.
View AIN analyst ratings or view top-rated stocks.

3 equities research analysts have issued 1-year price objectives for Albany International's shares. Their AIN share price forecasts range from $105.00 to $120.00. On average, they expect the company's share price to reach $110.33 in the next twelve months. This suggests a possible upside of 27.9% from the stock's current price.
View analysts price targets for AIN or view top-rated stocks among Wall Street analysts.

Albany International's stock was trading at $98.59 at the start of the year. Since then, AIN stock has decreased by 12.5% and is now trading at $86.28.
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Albany International saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 230,300 shares, an increase of 18.8% from the August 15th total of 193,900 shares. Based on an average daily volume of 152,300 shares, the days-to-cover ratio is presently 1.5 days.
View Albany International's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, October 23rd 2023.
View our AIN earnings forecast.

Albany International Corp. (NYSE:AIN) issued its earnings results on Thursday, July, 27th. The textile maker reported $0.90 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.91 by $0.01. The textile maker had revenue of $274.10 million for the quarter, compared to analysts' expectations of $261.56 million. Albany International had a net margin of 7.68% and a trailing twelve-month return on equity of 13.21%. The company's revenue for the quarter was up 4.9% on a year-over-year basis. During the same period last year, the business earned $1.06 earnings per share.

Albany International declared a quarterly dividend on Thursday, August 24th. Stockholders of record on Tuesday, September 5th will be paid a dividend of $0.25 per share on Friday, October 6th. This represents a $1.00 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date of this dividend is Friday, September 1st.
Read our dividend analysis for AIN.

ETFs with the largest weight of Albany International (NYSE:AIN) stock in their portfolio include Gabelli Commercial Aerospace & Defense ETF (GCAD), Invesco S&P SmallCap Industrials ETF (PSCI), Invesco S&P SmallCap Momentum ETF (XSMO), Vanguard S&P Small-Cap 600 Growth ETF (VIOG), SPDR S&P 600 Small Cap Growth ETF (SLYG) and iShares S&P Small-Cap 600 Growth ETF (IJT).SPDR S&P 600 Small Cap ETF (SLY).

Albany International (NYSE:AIN) pays an annual dividend of $1.00 per share and currently has a dividend yield of 1.14%. The company has been increasing its dividend for 5 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 38.02%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AIN will have a dividend payout ratio of 23.70% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for AIN.

Albany International updated its FY 2023 earnings guidance on Wednesday, July, 26th. The company provided earnings per share (EPS) guidance of $3.15-$3.75 for the period, compared to the consensus estimate of $3.64. The company issued revenue guidance of $1.04 billion-$1.07 billion, compared to the consensus revenue estimate of $1.06 billion.

11 employees have rated Albany International Chief Executive Officer William Higgins on Glassdoor.com. William Higgins has an approval rating of 100% among the company's employees. This puts William Higgins in the top 10% of approval ratings compared to other CEOs of publicly-traded companies. 87.0% of employees surveyed would recommend working at Albany International to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other Albany International investors own include AbbVie (ABBV), Marvell Technology (MRVL), NVIDIA (NVDA), Bank of America (BAC), Intel (INTC), Micron Technology (MU), Bristol-Myers Squibb (BMY), Walt Disney (DIS), Enterprise Products Partners (EPD) and KLA (KLAC).

Albany International trades on the New York Stock Exchange (NYSE) under the ticker symbol "AIN."

Shares of AIN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of AIN stock can currently be purchased for approximately $86.28.

Albany International (NYSE:AIN) has a market capitalization of $2.69 billion and generates $1.03 billion in revenue each year. The textile maker earns $95.76 million in net income (profit) each year or $2.63 on an earnings per share basis.

The company employs 4,100 workers across the globe.

Albany International's mailing address is 216 AIRPORT DRIVE, ROCHESTER NH, 03867. The official website for the company is www.albint.com. The textile maker can be reached via phone at (603) 330-5850, via email at stephen.nolan@albint.com, or via fax at 603-994-3835.