Media stories about Albany International Corporation (NYSE:AIN) have been trending somewhat positive on Monday, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Albany International Corporation earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned news stories about the textile maker an impact score of 46.3146779153664 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Separately, BidaskClub lowered shares of Albany International Corporation from a “buy” rating to a “hold” rating in a report on Thursday, June 22nd.
Shares of Albany International Corporation (AIN) traded up 0.66% during midday trading on Monday, reaching $53.35. 7,640 shares of the company’s stock traded hands. The stock has a market cap of $1.71 billion, a price-to-earnings ratio of 42.01 and a beta of 1.69. The stock has a 50 day moving average of $52.21 and a 200-day moving average of $49.36. Albany International Corporation has a 52-week low of $37.00 and a 52-week high of $55.15.
Albany International Corporation (NYSE:AIN) last posted its quarterly earnings data on Tuesday, August 1st. The textile maker reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.52 by $0.36. The firm had revenue of $215.57 million for the quarter. Albany International Corporation had a return on equity of 8.42% and a net margin of 4.98%. On average, equities research analysts expect that Albany International Corporation will post $1.90 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 6th. Shareholders of record on Monday, September 11th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.28%. The ex-dividend date is Friday, September 8th. Albany International Corporation’s payout ratio is 53.54%.
In related news, insider Daniel A. Halftermeyer sold 17,300 shares of the firm’s stock in a transaction on Tuesday, August 8th. The stock was 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 $3,537,230.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 11.63% of the stock is currently 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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