Albany International Corporation (AIN)

NYSE: AIN · IEX Real-Time Price · USD
77.79
+0.29 (0.37%)
Sep 27, 2022 4:00 PM EDT - Market closed
0.37%
Market Cap 2.42B
Revenue (ttm) 977.90M
Net Income (ttm) 126.44M
Shares Out 31.10M
EPS (ttm) 3.94
PE Ratio 19.74
Forward PE n/a
Dividend $0.84 (1.08%)
Ex-Dividend Date Sep 2, 2022
Volume 58,599
Open 78.21
Previous Close 77.50
Day's Range 76.97 - 79.19
52-Week Range 75.24 - 97.73
Beta 1.28
Analysts Buy
Price Target 98.60 (+26.8%)
Earnings Date Oct 24, 2022

About AIN

Albany International Corp., together with its subsidiaries, engages in the textile and materials processing business. The company operates in two segments, Machine Clothing (MC) and Albany Engineered Composites (AEC). The MC segment designs, manufactures, and markets paper machine clothing for use in the manufacturing of papers, paperboards, tissues, and towels. This segment offers forming, pressing, and drying fabrics, as well as process belts used in the manufacture of nonwovens, fiber cement and several other industrial applications; and eng... [Read more...]

Industry Machinery
IPO Date Sep 30, 1987
CEO A. William Higgins
Employees 4,100
Stock Exchange NYSE
Ticker Symbol AIN
Full Company Profile

Financial Performance

In 2021, AIN's revenue was $929.24 million, an increase of 3.18% compared to the previous year's $900.61 million. Earnings were $118.48 million, an increase of 20.17%.

Financial Statements

Analyst Forecast

According to 11 analysts, the average rating for AIN stock is "Buy." The 12-month stock price forecast is 98.6, which is an increase of 26.75% from the latest price.

Price Target
$98.6
(26.75% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Albany International Declares Dividend

ROCHESTER, N.H.--(BUSINESS WIRE)--The Board of Directors of Albany International Corp. (NYSE: AIN) today declared a quarterly dividend of $0.21 per share on the Company's Class A Common Stock, payable O...

1 month ago - Business Wire

After Golden Cross, Albany International (AIN)'s Technical Outlook is Bright

When a stock experiences a golden cross technical event, good things could be on the horizon. How should investors react?

1 month ago - Zacks Investment Research

Is Albany International (AIN) Outperforming Other Industrial Products Stocks This Year?

Here is how Albany International (AIN) and Applied Industrial Technologies (AIT) have performed compared to their sector so far this year.

1 month ago - Zacks Investment Research

Albany International Corporation (AIN) Soars to 52-Week High, Time to Cash Out?

Albany International (AIN) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

1 month ago - Zacks Investment Research

Will Albany International (AIN) Gain on Rising Earnings Estimates?

Albany International (AIN) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

1 month ago - Zacks Investment Research

Has Albany International (AIN) Outpaced Other Industrial Products Stocks This Year?

Here is how Albany International (AIN) and Heritage-Crystal Clean (HCCI) have performed compared to their sector so far this year.

1 month ago - Zacks Investment Research

Albany International (AIN) Q2 Earnings and Revenues Top Estimates

Albany International (AIN) delivered earnings and revenue surprises of 34.18% and 11.09%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

2 months ago - Zacks Investment Research

Albany International Reports Second-Quarter 2022 Results, Raises 2022 Guidance

ROCHESTER, N.H.--(BUSINESS WIRE)--Albany International Corp. (NYSE:AIN) today reported operating results for its second quarter of 2022, which ended June 30, 2022. "We are pleased to report another quar...

2 months ago - Business Wire

Should You Buy Albany International (AIN) Ahead of Earnings?

Albany International (AIN) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

2 months ago - Zacks Investment Research

Can Albany International (AIN) Keep the Earnings Surprise Streak Alive?

Albany International (AIN) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

2 months ago - Zacks Investment Research

Albany International (AIN) Expected to Beat Earnings Estimates: Should You Buy?

Albany International (AIN) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

2 months ago - Zacks Investment Research

Albany International Schedules Earnings Release Date

ROCHESTER, N.H.--(BUSINESS WIRE)--Albany International Corp. (NYSE:AIN) will release 2022 second-quarter financial results Monday, July 25, 2022 after the market close. The Company will host a webcast t...

2 months ago - Business Wire

Albany International to Host Investor Day May 25

ROCHESTER, N.H.--(BUSINESS WIRE)--Albany International (NYSE: AIN), a leading developer and manufacturer of engineered components, will host an Investor Day at The Langham, Boston hotel on Wednesday, Ma...

4 months ago - Business Wire

Albany International (AIN) Beats Q1 Earnings and Revenue Estimates

Albany International (AIN) delivered earnings and revenue surprises of 24.66% and 8.25%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

5 months ago - Zacks Investment Research

Albany International Reports First-Quarter 2022 Results

ROCHESTER, N.H.--(BUSINESS WIRE)--Albany International Corp. (NYSE:AIN) today reported operating results for its first quarter of 2022, which ended March 31, 2022. “We are pleased to report strong reven...

5 months ago - Business Wire

Albany International to Present at Sidoti Small Cap Virtual Conference

ROCHESTER, N.H.--(BUSINESS WIRE)--Albany International Corp. (NYSE:AIN) President and Chief Executive Officer, Bill Higgins, will speak at the Sidoti & Company Small Cap Virtual Conference on Wednesday,...

6 months ago - Business Wire

Russell E. Toney Elected to Albany International Corp. Board of Directors

ROCHESTER, N.H.--(BUSINESS WIRE)--Albany International Corp. (NYSE:AIN) announced today that Russell E. Toney has been elected to its Board of Directors. Mr. Toney, age 52, has served since 2018 as Pres...

6 months ago - Business Wire

Albany International to Present at J. P. Morgan Industrials Conference

ROCHESTER, N.H.--(BUSINESS WIRE)--Albany International Corp. (NYSE:AIN) Chief Financial Officer and Treasurer, Stephen Nolan, will speak at the J. P. Morgan Industrials Conference in New York City on Th...

6 months ago - Business Wire

New Strong Sell Stocks for February 24th

AMG, AIN, and HEP have been added to the Zacks Rank #5 (Strong Sell) List on February 24, 2022

Other symbols: AMGHEP
7 months ago - Zacks Investment Research

Albany International Named to Forbes America's Best Employers 2022 List

ROCHESTER, N.H.--(BUSINESS WIRE)--Albany International Corp. (NYSE:AIN), a leading developer and manufacturer of engineered components, has been recognized on the Forbes list of America's Best Employers...

7 months ago - Business Wire

Albany International Reports Fourth-Quarter 2021 Results

ROCHESTER, N.H.--(BUSINESS WIRE)--Albany International Corp. (NYSE:AIN) today reported operating results for its fourth quarter of 2021, which ended December 31, 2021. "We are pleased to report another ...

7 months ago - Business Wire

Albany International Selected by Sikorsky to Produce CH-53K Aft Transition, Adding to Its Share on The Program

ROCHESTER, N.H.--(BUSINESS WIRE)--Albany International Corp. (NYSE: AIN) announced today that its subsidiary Albany Engineered Composites (AEC) has been selected by Sikorsky Aircraft to produce the comp...

7 months ago - Business Wire

Christina Alvord Elected to Albany International Corp. Board of Directors

ROCHESTER, N.H.--(BUSINESS WIRE)--Albany International Corp. (NYSE:AIN) announced today that Christina M. Alvord has been elected to its Board of Directors. Ms. Alvord, age 54, served in various roles a...

7 months ago - Business Wire

Safran and Albany International Extend Strategic Cooperation on Advanced Composites

PARIS & ROCHESTER, N.H.--(BUSINESS WIRE)--Safran Aircraft Engines, a world leading engine manufacturer, and Albany International Corp. (NYSE: AIN), a leading developer and manufacturer of engineered com...

9 months ago - Business Wire

Albany International Publishes Inaugural Sustainability Report

ROCHESTER, N.H.--(BUSINESS WIRE)--Albany International Corp. (NYSE: AIN) released its inaugural Sustainability report, focused on the company's management approach and accomplishments in key environment...

10 months ago - Business Wire