Albany International Corporation (NYSE:AIN) is set to announce second quarter earning results on Wednesday 29th July 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, AIN to report 2Q20 income of $ 0.67 per share.
For the full year, analysts anticipate top line of $ 896.44 million, while looking forward to income of $ 2.84 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 970.00 million ~ $ 1,010.00 million, where as bottomline are predicted in a range of $ 2.75 ~ $ 3.15 per share
Click Here For More Historical Outlooks Of Albany International Corporation
Previous Quarter Performance
Albany International Corporation came out with income for the first quarter of $ 0.78 per share, from the revenue of $ 235.76 million. The quarterly earnings fell 10.34 percent while revenues contracted 6.21 percent compared with the same quarter last year.
Street analysts expected Albany International Corporation to report income of $ 0.62 per share on revenue of $ 227.21 million for the first quarter. The bottom line results beat street analysts by $ 0.16 or 25.81 percent, at the same time, top line results outshined analysts by $ 8.55 million or 3.76 percent.
Historical Earnings Performance
wpDataChart with provided ID not found! wpDataTable with provided ID not found!Click Here For More Historical Earnings Of Albany International Corporation
Stock Performance
According to the previous trading day, closing price of AIN was $ 50.93, representing a 67.20 % increase from the 52 week low of $ 30.46 and a 44.67 % decrease over the 52 week high of $ 92.05.
The company has a market capital of $ 1.65 billion and is part of the Industrial Goods sector and Textile Industrial industry.
[stock_market_widget type=”chart” template=”basic” color=”orange” assets=”AIN” range=”1y” interval=”1mo” axes=”true” cursor=”true” api=”yf” style=”height: 400px;”]
Recent Analyst recommendations
- On 4th June 2020, downgraded by Sidoti to Neutral from Buy rating.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.19 per share on May 15, 2020. The dividend were payable on July 10, 2020 to holders of record as of the close of business on June 5, 2020 and ex-dividend date on June 4, 2020.
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).
