News stories about Albany International (NYSE:AIN) have trended somewhat positive recently, according to Accern. The research firm scores the sentiment of media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Albany International earned a news sentiment score of 0.04 on Accern’s scale. Accern also gave media headlines about the textile maker an impact score of 46.2401798716285 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Albany International opened at $62.80 on Tuesday, MarketBeat Ratings reports. Albany International has a one year low of $46.45 and a one year high of $68.85. The company has a current ratio of 3.24, a quick ratio of 2.67 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $1.97 billion, a PE ratio of 36.06 and a beta of 1.59.
Albany International (NYSE:AIN) last released its earnings results on Monday, May 7th. The textile maker reported $0.54 EPS for the quarter, topping the consensus estimate 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 net margin of 3.39% and a return on equity of 9.61%. During the same quarter in the previous year, the firm earned $0.46 earnings per share. equities research analysts predict that Albany International will post 2.19 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 9th. Investors of record on Thursday, June 7th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date is Wednesday, June 6th. Albany International’s payout ratio is 42.24%.
Several analysts recently issued reports on AIN shares. ValuEngine upgraded shares of Albany International from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Zacks Investment Research upgraded shares of Albany International from a “sell” rating to a “hold” rating in a research report on Tuesday, April 10th. Finally, Stephens started coverage on shares of Albany International in a research report on Tuesday, March 6th. They issued a “weight” rating and a $64.00 price target for the company. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $64.00.
About Albany International
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.
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