Albany International (AIN) Earning Somewhat Favorable News Coverage, Study Shows

News headlines about Albany International (NYSE:AIN) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Albany International earned a news sentiment score of 0.04 on Accern’s scale. Accern also gave press coverage about the textile maker an impact score of 46.2401798716285 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Here are some of the media headlines that may have impacted Accern’s rankings:

Shares of Albany International opened at $59.60 on Tuesday, MarketBeat reports. The firm has a market cap of $1.94 billion, a PE ratio of 37.02 and a beta of 1.59. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.67 and a current ratio of 3.24. Albany International has a 1 year low of $60.20 and a 1 year high of $60.55.

Albany International (NYSE:AIN) last announced its quarterly earnings results on Monday, May 7th. The textile maker reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.03. The firm had revenue of $229.98 million for the quarter, compared to the consensus estimate of $228.50 million. Albany International had a return on equity of 9.61% and a net margin of 3.39%. During the same period in the prior year, the company posted $0.46 earnings per share. research analysts predict that Albany International will post 2.19 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 9th. Stockholders of record on Thursday, June 7th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date of this dividend is Wednesday, June 6th. Albany International’s payout ratio is currently 42.24%.

AIN has been the topic of several analyst reports. Stephens initiated coverage on Albany International in a report on Tuesday, March 6th. They issued a “weight” rating and a $64.00 target price on the stock. Zacks Investment Research downgraded Albany International from a “hold” rating to a “sell” rating in a report on Monday, March 12th. Finally, ValuEngine raised Albany International from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $64.00.

Albany International Company Profile

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.

Insider Buying and Selling by Quarter for Albany International (NYSE:AIN)

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