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NYSE:AINAlbany International Stock Price, Forecast & News

$52.93
-0.69 (-1.29 %)
(As of 08/13/2020 03:54 PM ET)
Add
Compare
Today's Range
$52.52
Now: $52.93
$53.75
50-Day Range
$48.08
MA: $53.04
$58.71
52-Week Range
$30.46
Now: $52.93
$92.04
Volume5,474 shs
Average Volume280,505 shs
Market Capitalization$1.71 billion
P/E Ratio15.48
Dividend Yield1.41%
Beta1.45
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$6.21 per share
Book Value$21.86 per share

Profitability

Net Income$132.40 million

Miscellaneous

Employees4,600
Market Cap$1.71 billion
Next Earnings Date11/3/2020 (Estimated)
OptionableOptionable
$52.93
-0.69 (-1.29 %)
(As of 08/13/2020 03:54 PM 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 price been impacted by Coronavirus?

Albany International's stock was trading at $57.70 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, AIN stock has decreased by 8.8% and is now trading at $52.60.
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 results on Wednesday, July, 29th. The textile maker reported $1.09 EPS for the quarter, beating the consensus estimate of $0.71 by $0.38. The textile maker earned $225.99 million during the quarter, compared to the consensus estimate of $221.28 million. Albany International had a net margin of 11.17% and a return on equity of 18.98%.
View Albany International's earnings history
.

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

Albany International declared a quarterly dividend on Friday, May 15th. Stockholders of record on Friday, June 5th will be paid a dividend of $0.19 per share on Friday, July 10th. This represents a $0.76 annualized dividend and a yield of 1.44%. The ex-dividend date of this dividend is Thursday, June 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 earnings per share guidance of 2.85-3.10 for the period, compared to the Thomson Reuters consensus 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 analysts have issued 12 month target prices 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 twelve months. This suggests a possible upside of 34.0% from the stock's current price.
View analysts' price targets for Albany International
.

Has Albany International been receiving favorable news coverage?

Media headlines about AIN stock have been trending extremely negative recently, according to InfoTrie Sentiment. InfoTrie ranks the sentiment of media coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Albany International earned a media sentiment score of -4.1 on InfoTrie's scale. They also gave news stories about the textile maker a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the stock's share price in the next several days.
View the latest news about Albany International
.

Are investors shorting Albany International?

Albany International saw a decline in short interest in June. As of June 30th, there was short interest totaling 578,100 shares, a decline of 11.9% from the June 15th total of 656,400 shares. Based on an average daily volume of 243,400 shares, the days-to-cover ratio is currently 2.4 days. Currently, 1.9% of the company's stock 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), NVIDIA (NVDA), Marvell Technology Group (MRVL), Arrowhead Pharmaceuticals (ARWR), salesforce.com (CRM), Micron Technology (MU), Chesapeake Energy (CHKAQ), Chesapeake Energy (CHKAQ), Enterprise Products Partners (EPD) and Starbucks (SBUX).

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 many different retail and institutional investors. Top institutional investors include Principal Financial Group Inc. (2.95%), TimesSquare Capital Management LLC (2.76%), Conestoga Capital Advisors LLC (2.65%), Bank of New York Mellon Corp (1.39%), Pembroke Management LTD (1.29%) and New York State Common Retirement Fund (1.11%). Company insiders that own Albany International stock include Christine L Standish, Dawne H Wimbrow and Robert Alan Hansen.
View institutional ownership trends for Albany International
.

Which major 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., West Coast Financial LLC, TimesSquare Capital Management LLC, New York State Common Retirement Fund, William Blair Investment Management LLC, and Prudential Financial Inc..
View insider buying and selling activity for Albany International
.

Which major investors are buying Albany International stock?

AIN stock was acquired by a variety of institutional investors in the last quarter, including Great Lakes Advisors LLC, Pembroke Management LTD, Principal Financial Group Inc., Ensign Peak Advisors Inc, Conestoga Capital Advisors LLC, Lapides Asset Management LLC, Bank of New York Mellon Corp, and State of Wisconsin Investment Board.
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 $52.60.

How big of a company is Albany International?

Albany International has a market capitalization of $1.70 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 8/13/2020 by MarketBeat.com Staff

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