Albany International Corp. (NYSE: AIN) has reported earnings for its first fiscal quarter (ending March 31) of $0.87 versus $0.86 for the same period a year ago — an increase of 1%. However, this result fell short of the consensus estimate of $1.13 by $-0.26. For the latest four quarters through March 31, E.P.S. were $3.58 versus $3.03 for the same period a year ago — an increase of 18%.
Recent Price Action
Albany International Corp. (NYSE: AIN) stock rose modestly by 0.7% on 4/29/24. The stock closed at $88.30. Trading volume in this advance was normal. The stock has performed in line with the market over the last nine months and is unchanged during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, AIN 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 consistent signals. Albany International has a neutral Power Rating of 43 and a slightly negative Appreciation Score of 34, producing 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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