Somewhat Positive Media Coverage Somewhat Unlikely to Affect Albany International Corporation (AIN) Share Price
News stories about Albany International Corporation (NYSE:AIN) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Albany International Corporation earned a daily sentiment score of 0.08 on Accern’s scale. Accern also assigned media coverage about the textile maker an impact score of 46.2828058258882 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:
- Albany Int’l To Revamp Machine Clothing Operations In Europe, Cut 54 Jobs (nasdaq.com)
- Albany International (AIN) to Restructure Machine Clothing Operations in Europe (streetinsider.com)
- Albany International Announces Proposed Actions to Restructure Machine Clothing Operations in Europe (finance.yahoo.com)
- ETFs with exposure to Albany International Corp. : October 4, 2017 (finance.yahoo.com)
- Albany International Corp. : AIN-US: Dividend Analysis : September 11th, 2017 (record date) : By the numbers : September 29, 2017 (finance.yahoo.com)
Shares of Albany International Corporation (AIN) traded down 0.69% during trading on Thursday, hitting $57.95. The company had a trading volume of 34,271 shares. Albany International Corporation has a 12-month low of $37.00 and a 12-month high of $58.88. The firm has a 50 day moving average of $54.22 and a 200 day moving average of $50.70. The stock has a market cap of $1.86 billion, a PE ratio of 45.63 and a beta of 1.70.
Albany International Corporation (NYSE:AIN) last posted its quarterly earnings results on Tuesday, August 1st. The textile maker reported $0.16 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.52 by ($0.36). The company had revenue of $215.57 million during the quarter. Albany International Corporation had a net margin of 4.98% and a return on equity of 8.42%. On average, analysts forecast that Albany International Corporation will post $1.90 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 6th. Stockholders of record on Monday, September 11th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date of this dividend is Friday, September 8th. Albany International Corporation’s dividend payout ratio (DPR) is currently 53.54%.
Separately, BidaskClub downgraded Albany International Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th.
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In other news, insider Daniel A. Halftermeyer sold 17,300 shares of the 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 of the company’s stock, valued at approximately $3,537,230.33. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 11.63% of the company’s stock.
Albany International Corporation Company Profile
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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