Albany International - AIN Stock Forecast, Price & News

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Albany International in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" AIN shares.
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2 brokers have issued 12 month target prices for Albany International's stock. Their AIN share price forecasts range from $90.00 to $100.00. On average, they anticipate 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 at the beginning of the year. Since then, AIN stock has increased by 9.1% and is now trading at $96.49.
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Albany International saw a decline in short interest in June. As of June 30th, there was short interest totaling 576,900 shares, a decline of 25.2% from the June 15th total of 771,200 shares. Based on an average trading volume of 156,600 shares, the days-to-cover ratio is presently 3.7 days. Approximately 2.0% of the shares of the company are short sold.
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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 results on Monday, July, 25th. The textile maker reported $1.06 earnings per share for the quarter, beating analysts' consensus estimates of $0.80 by $0.26. Albany International had a net margin of 12.93% and a trailing twelve-month return on equity of 13.57%. During the same quarter last year, the firm earned $1.01 EPS.

Albany International declared a quarterly dividend on Friday, May 20th. Shareholders of record on Tuesday, June 7th will be paid a dividend of $0.21 per share on Friday, July 8th. This represents a $0.84 dividend on an annualized basis 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 0.89%. 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 issued an update on 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 EPS 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 many different 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.