Somewhat Favorable News Coverage Somewhat Unlikely to Impact Albany International (AIN) Share Price
Media stories about Albany International (NYSE:AIN) have trended somewhat positive this week, according to Accern. The research group rates the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Albany International earned a news sentiment score of 0.15 on Accern’s scale. Accern also assigned news articles about the textile maker an impact score of 46.1840841447469 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Shares of Albany International (AIN) opened at $61.05 on Friday. Albany International has a 52-week low of $43.45 and a 52-week high of $65.65. The company has a quick ratio of 1.76, a current ratio of 2.49 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $1,967.42, a price-to-earnings ratio of 39.42 and a beta of 1.72.
Albany International (NYSE:AIN) last issued its earnings results on Monday, October 30th. The textile maker reported $0.57 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.15. Albany International had a return on equity of 9.24% and a net margin of 5.06%. The firm had revenue of $222.14 million for the quarter. During the same period in the prior year, the business earned $0.41 earnings per share.
About Albany International
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.
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