News headlines about Albany International Corporation (NYSE:AIN) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Albany International Corporation earned a news sentiment score of 0.14 on Accern’s scale. Accern also gave press coverage about the textile maker an impact score of 46.491791466641 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Albany International Corporation (NYSE AIN) traded up 0.63% during midday trading on Friday, reaching $56.25. The company’s stock had a trading volume of 77,944 shares. The firm has a 50 day moving average price of $52.48 and a 200-day moving average price of $49.78. The company has a market cap of $1.81 billion, a P/E ratio of 44.29 and a beta of 1.69. Albany International Corporation has a 12-month low of $37.00 and a 12-month high of $56.45.
Albany International Corporation (NYSE:AIN) last announced its earnings results on Tuesday, August 1st. The textile maker reported $0.16 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.52 by ($0.36). Albany International Corporation had a return on equity of 8.42% and a net margin of 4.98%. The firm had revenue of $215.57 million for the quarter. On average, equities research analysts predict that Albany International Corporation will post $1.90 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 6th. Shareholders of record on Monday, September 11th will be issued a $0.17 dividend. The ex-dividend date is Friday, September 8th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.21%. Albany International Corporation’s dividend payout ratio (DPR) is presently 53.54%.
Separately, BidaskClub downgraded Albany International Corporation from a “buy” rating to a “hold” rating in a report on Thursday, June 22nd.
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In other Albany International Corporation news, insider Daniel A. Halftermeyer sold 17,300 shares of Albany International Corporation stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $53.29, for a total value of $921,917.00. Following the transaction, the insider now owns 66,377 shares in the company, valued at approximately $3,537,230.33. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 11.63% of the stock is owned by company insiders.
About Albany International Corporation
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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