Albany International (AIN) Announces Earnings Results

Albany International (NYSE:AIN) announced its quarterly earnings data on Monday. The textile maker reported $0.43 EPS for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.01, Bloomberg Earnings reports. The firm had revenue of $226.73 million for the quarter, compared to analyst estimates of $219.00 million. Albany International had a return on equity of 9.55% and a net margin of 3.58%.

Albany International (NYSE:AIN) opened at $64.40 on Wednesday. Albany International has a 12-month low of $43.45 and a 12-month high of $66.05. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.49 and a quick ratio of 1.76. The stock has a market capitalization of $1,933.61, a price-to-earnings ratio of 67.08 and a beta of 1.65.

The business also recently declared a quarterly dividend, which was paid on Monday, January 8th. Stockholders of record on Tuesday, December 26th were given a $0.17 dividend. The ex-dividend date of this dividend was Friday, December 22nd. This represents a $0.68 annualized dividend and a dividend yield of 1.06%. Albany International’s dividend payout ratio is currently 70.83%.

Separately, Noble Financial assumed coverage on Albany International in a research report on Tuesday, January 9th. They issued a “hold” rating on the stock.

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Albany International Company Profile

Albany International Corp. is focused on textiles and materials processing business. The Company operates through two segments: Machine Clothing and Albany Engineered Composites. The Company’s Machine Clothing segment supplies permeable and impermeable belts used in the manufacture of paper, paperboard, nonwovens, fiber cement and various other industrial applications.

Earnings History for Albany International (NYSE:AIN)

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