Albany International Corp. engages in textile and materials processing businesses worldwide. The company operates through two segments, Machine Clothing (MC) and Albany Engineered Composites (AEC). The MC segment designs, manufactures, and markets paper machine clothing. This segment offers forming, pressing, dryer fabrics, and process belts. It also provides customized and consumable fabrics that are used in the manufacturing process in the pulp, corrugator, nonwovens, fiber cement, building products, tannery, and textile industries; and sells its products directly to end-user customers. The AEC segment designs, manufactures, and markets composite structures primarily to customers in the aerospace and defense industries. Albany International Corp. was founded in 1895 and is headquartered in Rochester, New Hampshire.
Industry, Sector and Symbol
Industry Broadwoven fabric mills, manmade
Sub-IndustryIndustrial Machinery
SectorIndustrial Products
Phone603-330-5850
Debt
Current Ratio2.90
Quick Ratio2.41
Price-To-Earnings
Sales & Book Value
Annual Sales$863.72 million
Price / Sales2.49
Price / Cash Flow17.14
Price / Book3.75
Profitability
Net Income$33.11 million
Net Margins7.51%
Return on Assets6.03%
Miscellaneous
Employees4,400
OptionableOptionable
Albany International (NYSE:AIN) Frequently Asked Questions
What is Albany International's stock symbol?
Albany International trades on the New York Stock Exchange (NYSE) under the ticker symbol "AIN."
How often does Albany International pay dividends? What is the dividend yield for Albany International?
Albany International declared a quarterly dividend on Friday, December 14th. Investors of record on Wednesday, December 26th will be given a dividend of $0.18 per share on Tuesday, January 8th. This represents a $0.72 annualized dividend and a dividend yield of 1.08%. The ex-dividend date of this dividend is Monday, December 24th. This is a boost from Albany International's previous quarterly dividend of $0.17. View Albany International's Dividend History.
How were Albany International's earnings last quarter?
Albany International Corp. (NYSE:AIN) released its quarterly earnings data on Tuesday, October, 30th. The textile maker reported $0.85 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.70 by $0.15. The textile maker earned $253.25 million during the quarter, compared to analysts' expectations of $248.50 million. Albany International had a return on equity of 14.33% and a net margin of 7.51%. View Albany International's Earnings History.
When is Albany International's next earnings date?
What price target have analysts set for AIN?
3 analysts have issued 1-year target prices for Albany International's shares. Their predictions range from $64.00 to $77.00. On average, they anticipate Albany International's share price to reach $70.50 in the next twelve months. This suggests a possible upside of 5.7% from the stock's current price. View Analyst Price Targets for Albany International.
What is the consensus analysts' recommendation for Albany International?
3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Albany International in the last year. There are currently 3 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Albany International.
Has Albany International been receiving favorable news coverage?
News coverage about AIN stock has trended somewhat positive recently, InfoTrie Sentiment Analysis reports. The research firm scores the sentiment of press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Albany International earned a news sentiment score of 0.6 on InfoTrie's scale. They also assigned media headlines about the textile maker a news buzz of 2.0 out of 10, indicating that recent press coverage is very unlikely to have an impact on the company's share price in the next few days.
Who are some of Albany International's key competitors?
Some companies that are related to Albany International include Packaging Corp Of America (PKG), Avery Dennison (AVY), A. O. Smith (AOS), Allegion (ALLE), AB SKF (SKFRY), ASAHI GLASS/ADR (ASGLY), Nordson (NDSN), Graco (GGG), Pentair (PNR), DAI NIPPON PRTG/S (DNPLY), Halma (HLMAF), HD Supply (HDS), Berry Global Group (BERY), Crown (CCK) and Middleby (MIDD).
Who are Albany International's key executives?
Albany International's management team includes the folowing people:
- Dr. Joseph G. Morone, Pres, CEO & Exec. Director (Age 65)
- Mr. John B. Cozzolino, CFO & Treasurer (Age 52)
- Mr. Robert A. Hansen, Sr. VP & CTO (Age 61)
- Mr. Daniel A. Halftermeyer, Pres of Machine Clothing (Age 57)
- Mr. Olivier M. Jarrault, CEO & Pres (Age 57)
Who are Albany International's major shareholders?
Albany International's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Scout Investments Inc. (0.23%) and Louisiana State Employees Retirement System (0.03%). Company insiders that own Albany International stock include Daniel A Halftermeyer, Dawne H Wimbrow and Robert Alan Hansen. View Institutional Ownership Trends for Albany International.
Which institutional investors are selling Albany International stock?
AIN stock was sold by a variety of institutional investors in the last quarter, including Louisiana State Employees Retirement System and Scout Investments Inc.. Company insiders that have sold Albany International company stock in the last year include Dawne H Wimbrow and Robert Alan Hansen. View Insider Buying and Selling for Albany International.
How do I buy shares of Albany International?
Shares of AIN can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Albany International's stock price today?
One share of AIN stock can currently be purchased for approximately $66.68.
How big of a company is Albany International?
Albany International has a market capitalization of $2.20 billion and generates $863.72 million in revenue each year. The textile maker earns $33.11 million in net income (profit) each year or $1.61 on an earnings per share basis. Albany International employs 4,400 workers across the globe.
What is Albany International's official website?
How can I contact Albany International?
Albany International's mailing address is 216 AIRPORT DRIVE, ROCHESTER NH, 03867. The textile maker can be reached via phone at 603-330-5850 or via email at [email protected]
MarketBeat Community Rating for Albany International (NYSE AIN)
MarketBeat's community ratings are surveys of what our community members think about Albany International and other stocks. Vote "Outperform" if you believe AIN will outperform the S&P 500 over the long term. Vote "Underperform" if you believe AIN will underperform the S&P 500 over the long term. You may vote once every thirty days.
