Albany International - AIN Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Albany International in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" AIN shares.
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2 equities research analysts have issued 12 month target prices for Albany International's shares. Their AIN share price forecasts range from $90.00 to $100.00. On average, they expect the company's stock price to reach $95.00 in the next year. This suggests that the stock has a possible downside of 1.5%.
View analysts price targets for AIN or view top-rated stocks among Wall Street analysts.

Albany International's stock was trading at $88.45 on January 1st, 2022. Since then, AIN shares have increased by 9.1% and is now trading at $96.49.
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Albany International saw a decrease in short interest in the month of June. As of June 30th, there was short interest totaling 576,900 shares, a decrease of 25.2% from the June 15th total of 771,200 shares. Based on an average daily volume of 156,600 shares, the short-interest ratio is presently 3.7 days. Approximately 2.0% of the company's stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Monday, October 24th 2022.
View our AIN earnings forecast.

Albany International Corp. (NYSE:AIN) issued its quarterly earnings data on Monday, July, 25th. The textile maker reported $1.06 EPS for the quarter, topping the consensus estimate of $0.80 by $0.26. Albany International had a trailing twelve-month return on equity of 13.57% and a net margin of 12.93%. During the same quarter in the previous year, the business posted $1.01 earnings per share.

Albany International announced a quarterly dividend on Friday, May 20th. Shareholders of record on Tuesday, June 7th will be given a dividend of $0.21 per share on Friday, July 8th. This represents a $0.84 annualized dividend and a yield of 0.87%. The ex-dividend date is Monday, June 6th.
Read our dividend analysis for AIN.

Albany International (NYSE:AIN) pays an annual dividend of $0.84 per share and currently has a dividend yield of 0.87%. The company has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 21.27%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AIN will have a dividend payout ratio of 22.40% 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 2022 earnings guidance on Monday, August, 1st. The company provided earnings per share guidance of $3.30-$3.60 for the period, compared to the consensus earnings per share estimate of $3.29. The company issued revenue guidance of $970.00M-$1.01 billion, compared to the consensus revenue estimate of $960.76 million.

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."

Albany International's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Kayne Anderson Rudnick Investment Management LLC (6.00%), William Blair Investment Management LLC (2.75%), Loomis Sayles & Co. L P (2.41%), Principal Financial Group Inc. (2.25%), Clearbridge Investments LLC (1.74%) and Wells Fargo & Company MN (1.71%). Insiders that own company stock include Christine L Standish, Daniel A Halftermeyer, David M Pawlick and Robert Alan Hansen.
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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 $96.49.

Albany International (NYSE:AIN) has a market capitalization of $3.00 billion and generates $929.24 million in revenue each year. The textile maker earns $118.48 million in net income (profit) each year or $3.95 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.