Albany International Corporation (AIN) Announces Earnings Results

Albany International Corporation (NYSE:AIN) released its quarterly earnings results on Monday, October 30th. The textile maker reported $0.57 EPS for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.15, Yahoo Finance reports. Albany International Corporation had a net margin of 5.06% and a return on equity of 9.24%. The company had revenue of $222.14 million for the quarter. During the same period in the prior year, the business earned $0.41 EPS.

Shares of Albany International Corporation (NYSE AIN) opened at $59.25 on Wednesday. Albany International Corporation has a 52 week low of $43.45 and a 52 week high of $60.85. 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 cap of $1,894.97, a price-to-earnings ratio of 37.97 and a beta of 1.72.

Separately, BidaskClub downgraded shares of Albany International Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th.

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Albany International Corporation 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 Corporation (NYSE:AIN)

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