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NYSE:AIN

Albany International Stock Forecast, Price & News

$54.50
+0.70 (+1.30 %)
(As of 09/18/2020 12:00 AM ET)
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Compare
Today's Range
$54.01
Now: $54.50
$55.16
50-Day Range
$48.08
MA: $51.53
$53.80
52-Week Range
$30.46
Now: $54.50
$92.04
Volume12,369 shs
Average Volume271,187 shs
Market Capitalization$1.76 billion
P/E Ratio15.94
Dividend Yield1.39%
Beta1.4
Albany International Corp. engages in the textile and materials processing 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. This segment offers forming, pressing, and dryer fabrics, as well as 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. This segment sells its products directly to end-user customers. The AEC segment designs, develops, and manufactures composite structures primarily to customers in the commercial and defense aerospace industry. The company operates in the United States, Switzerland, France, Brazil, China, Mexico, and internationally. Albany International Corp. was founded in 1895 and is headquartered in Rochester, New Hampshire.
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Albany International logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.3Community Rank: 2.3Dividend Strength: 1.7Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.89 out of 5 stars


Industry, Sector and Symbol

Industry Broadwoven fabric mills, manmade
Sub-IndustryIndustrial Machinery
CUSIP01234810
Phone603-330-5850

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.05 billion
Cash Flow$6.31 per share
Book Value$21.75 per share

Profitability

Net Income$132.40 million

Miscellaneous

Employees4,600
Market Cap$1.76 billion
Next Earnings Date11/3/2020 (Estimated)
OptionableOptionable
$54.50
+0.70 (+1.30 %)
(As of 09/18/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Albany International (NYSE:AIN) Frequently Asked Questions

How has Albany International's stock been impacted by COVID-19 (Coronavirus)?

Albany International's stock was trading at $57.70 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, AIN shares have decreased by 5.5% and is now trading at $54.50.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Albany International?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Albany International in the last year. There are currently 3 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Albany International
.

When is Albany International's next earnings date?

Albany International is scheduled to release its next quarterly earnings announcement on Tuesday, November 3rd 2020.
View our earnings forecast for Albany International
.

How were Albany International's earnings last quarter?

Albany International Corp. (NYSE:AIN) posted its quarterly earnings data on Wednesday, July, 29th. The textile maker reported $1.09 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.71 by $0.38. The textile maker had revenue of $225.99 million for the quarter, compared to analysts' expectations of $221.28 million. Albany International had a return on equity of 18.98% and a net margin of 11.17%.
View Albany International's earnings history
.

How often does Albany International pay dividends? What is the dividend yield for Albany International?

Albany International announced a quarterly dividend on Tuesday, September 1st. Investors of record on Tuesday, September 8th will be paid a dividend of $0.19 per share on Wednesday, October 7th. This represents a $0.76 annualized dividend and a yield of 1.39%. The ex-dividend date of this dividend is Friday, September 4th.
View Albany International's dividend history
.

What guidance has Albany International issued on next quarter's earnings?

Albany International updated its FY 2020 After-Hours earnings guidance on Wednesday, July, 29th. The company provided EPS guidance of 2.85-3.10 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.84. The company issued revenue guidance of $870-890 million, compared to the consensus revenue estimate of $896.44 million.

What price target have analysts set for AIN?

6 brokers have issued 12-month price targets for Albany International's stock. Their forecasts range from $57.00 to $91.00. On average, they anticipate Albany International's stock price to reach $70.50 in the next year. This suggests a possible upside of 29.4% from the stock's current price.
View analysts' price targets for Albany International
.

Are investors shorting Albany International?

Albany International saw a drop in short interest during the month of August. As of August 31st, there was short interest totaling 548,300 shares, a drop of 11.6% from the August 15th total of 620,000 shares. Based on an average trading volume of 243,200 shares, the days-to-cover ratio is presently 2.3 days. Currently, 1.8% of the shares of the company are sold short.
View Albany International's Short Interest
.

Who are some of Albany International's key competitors?

What other stocks do shareholders of Albany International own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Albany International investors own include AbbVie (ABBV), Marvell Technology Group (MRVL), NVIDIA (NVDA), Micron Technology (MU), Enterprise Products Partners (EPD), QUALCOMM (QCOM), Qorvo (QRVO), Starbucks (SBUX), Bank of America (BAC) and salesforce.com (CRM).

Who are Albany International's key executives?

Albany International's management team includes the following people:
  • Mr. Olivier M. Jarrault, CEO & Pres (Age 58)
  • Mr. Robert A. Hansen, Sr. VP & CTO (Age 62)
  • Mr. Charles J. Silva Jr., VP, Gen. Counsel & Sec. (Age 60)
  • Mr. Daniel A. Halftermeyer, Pres of Machine Clothing (Age 58)
  • Mr. Stephen M. Nolan, CFO & Treasurer (Age 50)

What is Albany International's stock symbol?

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

Who are Albany International's major shareholders?

Albany International's stock is owned by a number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (10.75%), Kayne Anderson Rudnick Investment Management LLC (4.40%), Principal Financial Group Inc. (2.95%), Principal Financial Group Inc. (2.95%), TimesSquare Capital Management LLC (2.76%) and Conestoga Capital Advisors LLC (2.65%). Company insiders that own Albany International stock include Christine L Standish 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 Marshall Wace LLP, SG Americas Securities LLC, Goldman Sachs Group Inc., Vanguard Group Inc., West Coast Financial LLC, Nuveen Asset Management LLC, TimesSquare Capital Management LLC, and Two Sigma Advisers LP.
View insider buying and selling activity for Albany International
.

Which institutional investors are buying Albany International stock?

AIN stock was bought by a variety of institutional investors in the last quarter, including Kayne Anderson Rudnick Investment Management LLC, Great Lakes Advisors LLC, Balyasny Asset Management LLC, Pembroke Management LTD, Principal Financial Group Inc., Principal Financial Group Inc., Ensign Peak Advisors Inc, and Bank of America Corp DE.
View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Albany International's stock price today?

One share of AIN stock can currently be purchased for approximately $54.50.

How big of a company is Albany International?

Albany International has a market capitalization of $1.76 billion and generates $1.05 billion in revenue each year. The textile maker earns $132.40 million in net income (profit) each year or $4.11 on an earnings per share basis. Albany International employs 4,600 workers across the globe.

What is Albany International's official website?

The official website for Albany International is www.albint.com.

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]

This page was last updated on 9/21/2020 by MarketBeat.com Staff

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