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Albany Intl

Albany International Corp is principally engaged in processing textiles and materials. The company consists of two business segments, the machine clothing segment, which produces and provides custom-designed fabrics and belts for the production in the paper, nonwovens, and other process industries; and the Albany engineered composites segment, which offers engineered composite parts for the aerospace and defensive industries. The machine clothing segment contributes to the majority of the company's total revenue. The company has an operation and generates revenue from the United States, Switzerland, Brazil, China, Mexico, France, and other areas.

Albany International

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Truist Securities analyst Michael Ciarmoli maintains Albany Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIN#NYSE">AIN</a>) with a Buy and lowers the price target from $101 to $91.

News

Price Target

Analyst Ratings

Truist Securities Maintains Buy on Albany Intl, Lowers Price Target to $91

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<li>Albany Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIN#NYSE">AIN</a>) shares declined by 9.09% to $79.03. The company's market cap stands at $2.4 billion. 
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Albany International shares are trading lower after the company cut its FY24 guidance.

Albany International Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIN#NYSE">AIN</a>) shares are trading lower on premarket on Thursday <a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/b41159952/albany-international-updates-expectations-for-aerospace-business-and-the-companys-2024-full-year-o" rel="noreferrer noopener">after the company revised its full-year outlook</a>.
The bearish outlook reflects slower revenue and profitability expectations for its aerospace business in the Engineered Composites (AEC) segment.
The company updated its labor and material cost assumptions, which, along with production suspension at a key customer, is anticipated to lead to an estimated negative adjustment of about $24 million for the third quarter of 2024.
Also, changes in other forecast assumptions can reduce second-half pre-tax earnings by an additional $8 million.
Outlook: For FY24, the company lowered revenue outlook to $1.22 billion &#8211; $1.26 billion (from $1.26 billion &#8211; $1.33 billion) versus the consensus of $1.29 billion and adjusted EPS to $2.90 &#8211; $3.40 vs. estimate of $3.74 <a target="_blank" href="https://www.benzinga.com//node/40202541" rel="noreferrer noopener">(from $3.55 &#8211; $4.05).</a>
President and CEO Gunnar Kleveland said, &#8220;We continue to see momentum in both Machine Clothing and Engineered Composites. The Heimbach integration remains on track, and Albany&#8217;s differentiated innovation is translating into robust demand across both segments.&#8221;
&#8220;At the same time, growth in our aerospace programs is resulting in more complex projects, where the manufacturing learning curve and labor ramp are steeper.&#8221;
&#8220;Notwithstanding these changes, we expect AEC will maintain high-teen EBITDA margins that are well above peer averages.&#8221;
Price Action: AIN shares are down 3.16% at $84.17 premarket at the last check Thursday.
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Equities

Mid Cap

Guidance

Albany International Cuts FY24 Guidance: Aerospace Turbulence Hits Revenue And Profit Outlook

Following its regular quarterly review of program costs and estimates relative to certain large complex aerospace contracts the Company has updated its labor, material input and scrap cost assumptions over the duration of certain long-term contracts.
These increased cost assumptions as well as the impact of suspended production at a key customer pending their union negotiations will result in an approximate&nbsp;$24 million&nbsp;negative Estimate-at-Completion (EAC) adjustment in the&nbsp;third quarter&nbsp;of 2024. Changes in other forecast assumptions are projected to lower second-half pre-tax earnings by an additional&nbsp;$8 million.

Albany Says Growth In  Aerospace Programs Is Resulting In More Complex Projects, Where Manufacturing Learning Curve And Labor Ramp Are Steeper

Albany Cuts FY24 Total Company Revenue Outlook From $1.26B - $1.33B To $1.22B - $1.26B (Est $1.29B); Adjusted EPS Forecast From $3.55 - $4.05 To $2.90 - $3.40 (Est $3.74)

Albany Updates Full Year Outlook Largely To Reflect Revised Revenue And Profitability Expectations For Aerospace Business Within Its Engineered Composites Segment

Albany International shares are trading higher after the company reported better-than-expected Q2 sales results.

Albany Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIN#NYSE">AIN</a>) reported quarterly earnings of $0.79 per share which missed the analyst consensus estimate of $0.90 by 12.22 percent. The company reported quarterly sales of $331.994 million which beat the analyst consensus estimate of $318.145 million by 4.35 percent. This is a 21.11 percent increase over sales of $274.123 million the same period last year.

Earnings

Earnings Beats

Earnings Misses

Albany Intl Q2 2024 GAAP EPS $0.79 Misses $0.90 Estimate, Sales $331.994M Beat $318.145M Estimate

Analysts' ratings for Albany Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIN#NYSE">AIN</a>) over the last quarter vary from bullish to bearish, as provided by 5 analysts.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have set 12-month price targets for Albany Intl, revealing an average target of $97.2, a high estimate of $104.00, and a low estimate of $90.00. This current average represents a 7.25% decrease from the previous average price target of $104.80. 
<img src="https://www.benzinga.com/files/images/story/2024/1721242854_0.png" alt="price target chart" />
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
The analysis of recent analyst actions sheds light on the perception of Albany Intl by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Michael Ciarmoli</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$101.00</td>
<td>$104.00</td>
</tr>
<tr>
<td>Ronald Epstein</td>
<td>B of A Securities</td>
<td>Lowers</td>
<td>Underperform</td>
<td>$90.00</td>
<td>$95.00</td>
</tr>
<tr>
<td>Stephen Tusa</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$96.00</td>
<td>$98.00</td>
</tr>
<tr>
<td>Gautam Khanna</td>
<td>TD Cowen</td>
<td>Lowers</td>
<td>Buy</td>
<td>$95.00</td>
<td>$106.00</td>
</tr>
<tr>
<td>Michael Ciarmoli</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$104.00</td>
<td>$121.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Albany Intl. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Albany Intl compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Albany Intl's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Albany Intl's market position. Stay informed and make well-informed decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/AIN/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Albany Intl analyst ratings.</a>
<h2>Delving into Albany Intl's Background</h2>
Albany International Corp is principally engaged in processing textiles and materials. The company consists of two business segments, the machine clothing segment, which produces and provides custom-designed fabrics and belts for the production in the paper, nonwovens, and other process industries; and the Albany engineered composites segment, which offers engineered composite parts for the aerospace and defensive industries. The machine clothing segment contributes to the majority of the company's total revenue. The company has an operation and generates revenue from the United States, Switzerland, Brazil, China, Mexico, France, and other areas.
<h3>Understanding the Numbers: Albany Intl's Finances</h3>
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
Revenue Growth: Albany Intl displayed positive results in 3 months. As of 31 March, 2024, the company achieved a solid revenue growth rate of approximately 16.44%. This indicates a notable increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Industrials sector.
Net Margin: Albany Intl's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 8.71%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Albany Intl's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 2.83%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 1.5%, the company showcases effective utilization of assets.
Debt Management: Albany Intl's debt-to-equity ratio is below the industry average at 0.45, reflecting a lower dependency on debt financing and a more conservative financial approach.
<h2>Analyst Ratings: What Are They?</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Key Takeaways From Albany Intl Analyst Ratings

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-ratings/">analyst ratings page</a>.
<ul>
<li>TD Cowen cut the price target for Southwest Airlines Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUV#NYSE">LUV</a>) from $26 to $19. TD Cowen analyst Helane Becker maintained a Hold rating. Southwest shares gained 3.6% to close at $28.71 on Tuesday. <a href="https://www.benzinga.com/quote/LUV/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Susquehanna slashed the price target for J.B. Hunt Transport Services, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBHT#NASDAQ">JBHT</a>) from $175 to $155. Susquehanna analyst Bascome Majors maintained a Neutral rating. J.B. Hunt Transport shares gained 3.8% to close at $176.00 on Tuesday. <a href="https://www.benzinga.com/quote/JBHT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Truist Securities decreased the price target for Albany International Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIN#NYSE">AIN</a>) from $104 to $101. Truist Securities analyst Michael Ciarmoli maintained a Buy rating. Albany International shares gained 4.3% to close at $93.63 on Tuesday. <a href="https://www.benzinga.com/quote/AIN/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>B of A Securities cut Spirit Airlines, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAVE#NYSE">SAVE</a>) price target from $3.25 to $2.75. B of A Securities analyst Andrew Didora maintained an Underperform rating. Spirit Airlines shares gained 2.9% to close at $3.16 on Tuesday. <a href="https://www.benzinga.com/quote/SAVE/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Baird raised the price target for UnitedHealth Group Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNH#NYSE">UNH</a>) from $597 to $640. Baird analyst Michael Ha maintained an Outperform rating. UnitedHealth shares gained 6.5% to close at $548.87 on Tuesday. <a href="https://www.benzinga.com/quote/UNH/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Piper Sandler slashed BP p.l.c. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BP#NYSE">BP</a>) price target from $43 to $40. Piper Sandler analyst Ryan Todd maintained a Neutral rating. BP fell 0.4% to close at $34.89 on Tuesday. <a href="https://www.benzinga.com/quote/BP/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Guggenheim raised Netflix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) price target from $700 to $735. Guggenheim analyst Michael Morris maintained a Buy rating. Netflix shares fell 0.02% to close at $656.32 on Tuesday. <a href="https://www.benzinga.com/quote/NFLX/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Needham increased Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) price target from $205 to $210. Needham analyst Laura Martin maintained a Buy rating. Amazon shares rose 0.2% to close at $193.02 on Tuesday. <a href="https://www.benzinga.com/quote/AMZN/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Truist Securities slashed Five Below, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVE#NASDAQ">FIVE</a>) price target from $136 to $89. Truist Securities analyst Scot Ciccarelli downgraded the stock from Buy to Hold. Five Below shares gained 2.1% to close at $102.07 on Tuesday. <a href="https://www.benzinga.com/quote/FIVE/analyst-ratings">See how other analysts view this stock.</a></li>
<li>TD Cowen slashed American Airlines Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>) price target from $16 to $10. TD Cowen analyst Helane Becker downgraded the stock from Buy to Hold. American Airlines shares rose 5.3% to close at $11.19 on Tuesday. <a href="https://www.benzinga.com/quote/AAL/analyst-ratings">See how other analysts view this stock.</a></li>
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Truist Securities analyst Michael Ciarmoli maintains Albany Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIN#NYSE">AIN</a>) with a Buy and lowers the price target from $104 to $101.

Truist Securities Maintains Buy on Albany Intl, Lowers Price Target to $101

Providing a diverse range of perspectives from bullish to bearish, 5 analysts have published ratings on Albany Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIN#NYSE">AIN</a>) in the last three months.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
In the assessment of 12-month price targets, analysts unveil insights for Albany Intl, presenting an average target of $96.0, a high estimate of $104.00, and a low estimate of $90.00. A 8.57% drop is evident in the current average compared to the previous average price target of $105.00. 
<img src="https://www.benzinga.com/files/images/story/2024/1716984042_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
A comprehensive examination of how financial experts perceive Albany Intl is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Ronald Epstein</td>
<td>B of A Securities</td>
<td>Lowers</td>
<td>Underperform</td>
<td>$90.00</td>
<td>$95.00</td>
</tr>
<tr>
<td>Stephen Tusa</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$96.00</td>
<td>$98.00</td>
</tr>
<tr>
<td>Gautam Khanna</td>
<td>TD Cowen</td>
<td>Lowers</td>
<td>Buy</td>
<td>$95.00</td>
<td>$106.00</td>
</tr>
<tr>
<td>Michael Ciarmoli</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$104.00</td>
<td>$121.00</td>
</tr>
<tr>
<td>Ronald Epstein</td>
<td>B of A Securities</td>
<td>Lowers</td>
<td>Underperform</td>
<td>$95.00</td>
<td>$105.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Albany Intl. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Albany Intl compared to the broader market.</li>
<li>Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Albany Intl's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
For valuable insights into Albany Intl's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/AIN/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Albany Intl analyst ratings.</a>
<h2>About Albany Intl</h2>
Albany International Corp is principally engaged in processing textiles and materials. The company consists of two business segments, the machine clothing segment, which produces and provides custom-designed fabrics and belts for the production in the paper, nonwovens, and other process industries; and the Albany engineered composites segment, which offers engineered composite parts for the aerospace and defensive industries. The machine clothing segment contributes to the majority of the company's total revenue. The company has an operation and generates revenue from the United States, Switzerland, Brazil, China, Mexico, France, and other areas.
<h3>Albany Intl: Financial Performance Dissected</h3>
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Albany Intl's remarkable performance in 3 months is evident. As of 31 March, 2024, the company achieved an impressive revenue growth rate of 16.44%. This signifies a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Industrials sector.
Net Margin: Albany Intl's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 8.71% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Albany Intl's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 2.83%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Albany Intl's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 1.5%, the company showcases efficient use of assets and strong financial health.
Debt Management: Albany Intl's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.45.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Glimpse Into The Expert Outlook On Albany Intl Through 5 Analysts

B of A Securities analyst Ronald Epstein maintains Albany Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIN#NYSE">AIN</a>) with a Underperform and lowers the price target from $95 to $90.

B of A Securities Maintains Underperform on Albany Intl, Lowers Price Target to $90

Analysts' ratings for Albany Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIN#NYSE">AIN</a>) over the last quarter vary from bullish to bearish, as provided by 4 analysts.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have set 12-month price targets for Albany Intl, revealing an average target of $97.5, a high estimate of $104.00, and a low estimate of $95.00. Highlighting a 9.3% decrease, the current average has fallen from the previous average price target of $107.50. 
<img src="https://www.benzinga.com/files/images/story/2024/1714770058_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive Albany Intl. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Stephen Tusa</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$96.00</td>
<td>$98.00</td>
</tr>
<tr>
<td>Gautam Khanna</td>
<td>TD Cowen</td>
<td>Lowers</td>
<td>Buy</td>
<td>$95.00</td>
<td>$106.00</td>
</tr>
<tr>
<td>Michael Ciarmoli</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$104.00</td>
<td>$121.00</td>
</tr>
<tr>
<td>Ronald Epstein</td>
<td>B of A Securities</td>
<td>Lowers</td>
<td>Underperform</td>
<td>$95.00</td>
<td>$105.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Albany Intl. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Albany Intl compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Albany Intl's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Albany Intl's market position. Stay informed and make well-informed decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/AIN/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Albany Intl analyst ratings.</a>
<h2>Delving into Albany Intl's Background</h2>
Albany International Corp is principally engaged in processing textiles and materials. The company consists of two business segments, the machine clothing segment, which produces and provides custom-designed fabrics and belts for the production in the paper, nonwovens, and other process industries; and the Albany engineered composites segment, which offers engineered composite parts for the aerospace and defensive industries. The machine clothing segment contributes to the majority of the company's total revenue. The company has an operation and generates revenue from the United States, Switzerland, Brazil, China, Mexico, France, and other areas.
<h3>Albany Intl's Economic Impact: An Analysis</h3>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Over the 3 months period, Albany Intl showcased positive performance, achieving a revenue growth rate of 16.44% as of 31 March, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Industrials sector.
Net Margin: Albany Intl's net margin is impressive, surpassing industry averages. With a net margin of 8.71%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Albany Intl's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 2.83% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Albany Intl's ROA stands out, surpassing industry averages. With an impressive ROA of 1.5%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Albany Intl's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.45.
<h2>Analyst Ratings: What Are They?</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Expectations For Albany Intl's Future

JP Morgan analyst Stephen Tusa maintains Albany Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIN#NYSE">AIN</a>) with a Neutral and lowers the price target from $98 to $96.

JP Morgan Maintains Neutral on Albany Intl, Lowers Price Target to $96

TD Cowen analyst Gautam Khanna maintains Albany Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIN#NYSE">AIN</a>) with a Buy and lowers the price target from $106 to $95.

TD Cowen Maintains Buy on Albany Intl, Lowers Price Target to $95

Truist Securities analyst Michael Ciarmoli maintains Albany Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIN#NYSE">AIN</a>) with a Buy and lowers the price target from $121 to $104.

Truist Securities Maintains Buy on Albany Intl, Lowers Price Target to $104

Albany International shares are trading lower after the company reported mixed Q1 results and issued soft FY24 guidance.

Outlook for Full-Year 2024
The company has reaffirmed its guidance for the full year of 2024 as follows:
<ul>
<li>Total company revenue between $1.26 and $1.33 billion</li>
<li>Effective income tax rate between 29% and 31%</li>
<li>Capital expenditures in the range of $90 to $95 million</li>
<li>Adjusted diluted earnings per share between $3.55 and $4.05</li>
<li>Total company Adjusted EBITDA between $260 to $290 million</li>
<li>Machine Clothing revenue between $760 to $790 million</li>
<li>Machine Clothing Adjusted EBITDA between $230 and $250 million</li>
<li>Albany Engineered Composites revenue between $500 to $540 million, and</li>
<li>Albany Engineered Composites Adjusted EBITDA between $97 to $107 million.</li>
</ul>
 &nbsp;

Albany International Sees FY24 EPS $3.55-$4.05 Vs $3.97 Est.; Revenue $1.26B-$1.33B Vs $1.3B Est.

Albany International Corp. (AIN) Q2 2024 Earnings Call Transcript

There's a lot to be optimistic about in the Consumer Cyclical sector as 2 analysts just weighed in on Kar Auction Services (KAR – Research Report) ...

Analysts Are Bullish on These Consumer Cyclical Stocks: Kar Auction Services (KAR), Albany International (AIN)

Albany International (AIN – Research Report), the Consumer Cyclical sector company, was revisited by a Wall Street analyst on August 7. Analyst Pet...

Strong Financial Performance and Growth Prospects Affirm Buy Rating for Albany International

ESAB Corporation: A Respectful Downgrade After A Great Run Higher

Albany declares $0.26 dividend

Albany International (AIN) has issued an announcement. Albany International Corp. has appointed Merle Stein as the new President of its Machine Clo...

Albany International Names Merle Stein President of Machine Clothing

Bank of America Securities analyst Ronald Epstein reiterated a Sell rating on Albany International (AIN – Research Report) today and set a price ta...

Analyst Reiterates Sell Rating on Albany International Amid Revenue Concerns and Margin Declines

Dividend Champion, Contender, And Challenger Highlights: Week Of September 29

Albany International ( ($AIN) ) has shared an announcement. Albany International Corp. has revised its full-year forecast, adjusting revenue and pr...

Albany International Adjusts 2024 Forecast Amid Aerospace Delays

In a report released today, Michael Ciarmoli from Truist Financial maintained a Buy rating on Albany International (AIN – Research Report), with a ...

Maintaining Buy Rating on Albany International Amid Short-Term Challenges and Long-Term Potential

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CHCO

CHRW

CMCSA

CSCO

CTBI

CUBE

ERIE

ESAB

FFIN

FISI

FMAO

FULT

FUNC

GAIN

GTES

HBNC

HLNE

HWBK

INDB

INGR

LRCX

MBIN

MORN

RGLD

SCVL

SFBS

SFNC

SPTN

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Press Releases

Albany International Schedules Earnings Release Date

Gabelli Funds to Host 30th Annual Aerospace & Defense Symposium at The Harvard Club, New York City Thursday, September 5, 2024

Albany International Corp. Appoints Christopher E. Stone as President, Albany Engineered Composites

Albany International Reports Second-Quarter 2024 Results

Albany International Declares Dividend

Gabelli Funds to Host 30th Annual Aerospace & Defense Symposium at The Harvard Club, New York City

Albany International Corp. Appoints Merle Stein as President, Machine Clothing

Albany International Updates Expectations for Aerospace Business and the Company's 2024 Full Year Outlook

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