Albany International (NYSE:AIN) announced its earnings results on Tuesday, July 30th. The textile maker reported $1.09 EPS for the quarter, beating the consensus estimate of $0.85 by $0.24, Fidelity Earnings reports. The business had revenue of $273.95 million during the quarter, compared to the consensus estimate of $267.75 million. Albany International had a return on equity of 17.42% and a net margin of 10.59%.
Shares of NYSE AIN opened at $81.82 on Friday. The business’s 50-day simple moving average is $81.51 and its 200-day simple moving average is $76.02. Albany International has a 52 week low of $58.06 and a 52 week high of $86.96. The firm has a market cap of $2.65 billion, a price-to-earnings ratio of 31.84 and a beta of 1.70. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.66 and a current ratio of 3.19.
In related news, Director Christine L. Standish sold 1,616,000 shares of the stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $64.67, for a total transaction of $104,506,720.00. Following the completion of the sale, the director now owns 6,595 shares in the company, valued at approximately $426,498.65. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 10.99% of the stock is owned by corporate insiders.
Albany International Company Profile
Albany International Corp. engages in the textile and materials processing businesses. The company operates in two segments, Machine Clothing (MC) and Albany Engineered Composites (AEC). The MC segment designs, manufactures, and markets paper machine clothing. This segment offers forming, pressing, and dryer fabrics, as well as process belts.
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