Albany International Corp. (AIN) Receives Average Rating of “Hold” from Brokerages
Shares of Albany International Corp. (NYSE:AIN) have earned an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating.
Zacks has also assigned Albany International an industry rank of 248 out of 257 based on the ratings given to related companies.
Several brokerages have recently commented on AIN. ValuEngine upgraded Albany International from a “hold” rating to a “buy” rating in a research report on Tuesday, September 4th. Zacks Investment Research downgraded Albany International from a “buy” rating to a “hold” rating in a research report on Wednesday, November 7th. Finally, Stephens restated a “hold” rating on shares of Albany International in a research report on Thursday, August 16th.
Shares of AIN opened at $68.06 on Wednesday. The firm has a market capitalization of $2.23 billion, a P/E ratio of 42.27 and a beta of 1.74. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.90 and a quick ratio of 2.41. Albany International has a one year low of $57.95 and a one year high of $82.20.
Albany International (NYSE:AIN) last released its earnings results on Tuesday, October 30th. The textile maker reported $0.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.15. Albany International had a return on equity of 14.33% and a net margin of 7.51%. The company had revenue of $253.25 million for the quarter, compared to the consensus estimate of $248.50 million. Equities research analysts predict that Albany International will post 2.54 EPS for the current fiscal year.
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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