Albany International Corporation (NYSE:AIN) Plans Quarterly Dividend of $0.28

Albany International Corporation (NYSE:AIN) announced a quarterly dividend on Monday, March 2nd. Shareholders of record on Friday, March 20th will be given a dividend of 0.28 per share by the textile maker on Tuesday, April 7th. This represents a c) dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Friday, March 20th.

Albany International has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 7 consecutive years. Albany International has a dividend payout ratio of 28.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Albany International to earn $3.79 per share next year, which means the company should continue to be able to cover its $1.12 annual dividend with an expected future payout ratio of 29.6%.

Albany International Trading Up 3.3%

Shares of AIN stock opened at $59.57 on Tuesday. The company has a market capitalization of $1.71 billion, a P/E ratio of -29.49, a price-to-earnings-growth ratio of 2.32 and a beta of 1.18. The company has a current ratio of 2.10, a quick ratio of 1.83 and a debt-to-equity ratio of 0.62. The business’s 50 day moving average is $56.19 and its two-hundred day moving average is $55.20. Albany International has a twelve month low of $41.15 and a twelve month high of $77.36.

Albany International (NYSE:AIN) last released its quarterly earnings results on Tuesday, February 24th. The textile maker reported $0.65 EPS for the quarter, topping the consensus estimate of $0.64 by $0.01. Albany International had a positive return on equity of 9.64% and a negative net margin of 4.85%.The business had revenue of $321.21 million during the quarter, compared to analysts’ expectations of $292.32 million. During the same quarter in the prior year, the business earned $0.58 earnings per share. The company’s quarterly revenue was up 12.0% compared to the same quarter last year. Albany International has set its Q1 2026 guidance at 0.500-0.600 EPS. Equities analysts forecast that Albany International will post 3.23 EPS for the current year.

Analysts Set New Price Targets

AIN has been the subject of several recent analyst reports. Zacks Research cut shares of Albany International from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 18th. Truist Financial set a $55.00 price target on shares of Albany International in a report on Friday, January 9th. Weiss Ratings restated a “sell (d)” rating on shares of Albany International in a research report on Monday, December 29th. Finally, JPMorgan Chase & Co. boosted their target price on Albany International from $45.00 to $47.00 and gave the stock a “neutral” rating in a research report on Friday, January 16th. Three equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $61.50.

Albany International Company Profile

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.