Results for: Albany International

Albany International (AIN) is set to release its quarterly earnings on October 30th, 2024. Analysts anticipate an EPS of $0.90, but investors will be looking for guidance and a possible beat. The company has a history of mixed performance, and its share price has been under pressure recently. However, analysts remain optimistic, with a consensus Buy rating and an average price target of $86.0. We examine the key factors investors should consider ahead of the earnings release.

Albany International Corporation (AIN) lowered its full-year outlook, citing slower revenue and profitability expectations for its aerospace business. The company revised its labor and material cost assumptions and anticipates a negative adjustment of $24 million for the third quarter due to production suspension at a key customer. These changes have impacted share prices, which are down 3.16% in premarket trading.