Albany International (NYSE:AIN) Announces Quarterly Earnings Results, Beats Expectations By $0.08 EPS

Albany International (NYSE:AIN) issued its quarterly earnings data on Tuesday. The textile maker reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.08, Zacks reports. Albany International had a negative net margin of 4.93% and a positive return on equity of 9.44%. The business’s revenue was up 5.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.31 EPS. Albany International updated its Q3 2026 guidance to 0.600-0.700 EPS.

Albany International Stock Up 1.0%

AIN opened at $75.28 on Tuesday. Albany International has a one year low of $41.15 and a one year high of $77.00. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.88 and a current ratio of 2.20. The stock’s fifty day moving average is $71.66 and its 200-day moving average is $62.19. The company has a market capitalization of $2.14 billion, a PE ratio of -36.90, a P/E/G ratio of 3.18 and a beta of 1.17.

Albany International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Friday, June 5th were given a dividend of $0.28 per share. The ex-dividend date was Friday, June 5th. This represents a $1.12 annualized dividend and a dividend yield of 1.5%. Albany International’s dividend payout ratio (DPR) is -54.90%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. EverSource Wealth Advisors LLC raised its position in Albany International by 227.3% in the second quarter. EverSource Wealth Advisors LLC now owns 540 shares of the textile maker’s stock worth $38,000 after acquiring an additional 375 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Albany International by 32.4% in the 2nd quarter. Smartleaf Asset Management LLC now owns 711 shares of the textile maker’s stock worth $49,000 after purchasing an additional 174 shares during the last quarter. Osaic Holdings Inc. raised its holdings in shares of Albany International by 42.3% in the 2nd quarter. Osaic Holdings Inc. now owns 908 shares of the textile maker’s stock worth $64,000 after purchasing an additional 270 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in shares of Albany International by 519.7% in the 4th quarter. Quadrant Capital Group LLC now owns 1,382 shares of the textile maker’s stock worth $70,000 after purchasing an additional 1,159 shares in the last quarter. Finally, Lazard Asset Management LLC bought a new stake in shares of Albany International during the 2nd quarter worth $77,000. 97.37% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

AIN has been the topic of a number of recent analyst reports. Weiss Ratings raised Albany International from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, July 28th. Truist Financial raised their target price on Albany International from $55.00 to $61.00 and gave the company a “hold” rating in a research report on Friday, June 12th. Finally, Wall Street Zen raised Albany International from a “hold” rating to a “buy” rating in a research note on Sunday, July 12th. Three research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $54.00.

About Albany International

Albany International Corp. is a global advanced materials company specializing in engineered textiles and composites. Its business is organized into two primary segments: Process Media and Engineered Composites. The Process Media segment designs, manufactures and services press, forming and drying fabrics used in the production of paper and packaging materials, helping paper manufacturers improve efficiency, quality and sustainability. The Engineered Composites segment produces lightweight composite structures and components for aerospace and industrial applications, serving commercial and military aircraft programs as well as industrial markets that require high-performance, durable materials.

In the Process Media segment, Albany’s products include forming fabrics, press felts and dryer fabrics engineered to withstand extreme moisture and temperature conditions.