For its fourth fiscal quarter (ending December 31), Albany International Corp. (NYSE: AIN) has reported a 69% increase in E.P.S. from $0.58 a year ago to $0.98 in the current quarter. This result exceeded the consensus estimate of $0.83 by $0.14. For the latest four quarters through December 31, E.P.S. were $3.56 versus $3.06 for the same period a year ago — an increase of 16%.
Recent Price Action
On 2/26/24, Albany International Corp. (NYSE: AIN) stock increased 1.1%, closing at $92.53. However, below average trading volume at 76% of normal accompanied the advance. The stock has performed in line with the market over the last nine months and has declined -1.1% during the last week.
Current PriceTarget Research Rating
AIN’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Albany International has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Albany International has a poor Appreciation Score of 24 but a neutral Power Rating of 51, triggering the Negative Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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