Albany International (AIN) Announces Quarterly Earnings Results, Beats Estimates By $0.01 EPS
Albany International (NYSE:AIN) announced its earnings results on Monday. The textile maker reported $0.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.01, Bloomberg Earnings reports. Albany International had a return on equity of 9.24% and a net margin of 5.06%.
Albany International (AIN) opened at $60.05 on Tuesday. The stock has a market capitalization of $2,007.67, a price-to-earnings ratio of 45.15 and a beta of 1.65. The company has a current ratio of 2.49, a quick ratio of 1.76 and a debt-to-equity ratio of 0.80. Albany International has a 12-month low of $43.45 and a 12-month high of $65.65.
The business also recently announced a quarterly dividend, which was paid on Monday, January 8th. Investors of record on Tuesday, December 26th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend was Friday, December 22nd. Albany International’s dividend payout ratio is currently 51.13%.
Albany International 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.
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