Albany International Corp. (NYSE:AIN) reported a fairly strong 4Q2015 in which earnings improved from the previous year and also beat the consensus estimate. However, revenue both declined from a similar quarter a year ago and also missed the estimate. Albany last quarterly dividend payout improved from the previous quarter.
Albany International Corp. (NYSE:AIN)’s 4Q EPS of $1.17 comfortably trounced the consensus estimate of $0.34. EPS in the quarter also improved significantly from a similar quarter last year when EPS was reported at $0.25.
Coming to the topline, Albany International Corp. (NYSE:AIN) posted revenue of $177.5 million, short of the consensus estimate of $185.4 million. The revenue figure also descended from $191.7 reported in the like quarter a year earlier.
Previous quarter highlight
In the previous quarter 3Q2015, Albany International Corp. (NYSE:AIN) posted EPS of $0.47, easily beating the consensus estimate of $0.36. However, revenue of $178.8 million fell short of the consensus target of $180.4 million.
Analyst comments on Albany
A number of analysts have recently weighed in on Albany International Corp. (NYSE:AIN), some upgrading the stock’s rating while other downgrading based on various accounts. Analysts at Macquarie initiated coverage of Albany with an Outperform rating and 12-month price target of $41. Macquarie is one of the most bullish equity research firms on Albany. TheStreet also upgraded its rating of Albany to a BUY from a HOLD, making it one of the business firms on the company.
Macquarie’s price target of $41 on Albany compared with the prevailing stock price in the vicinity of $31.90.
However, Zacks is little impressed with Albany International Corp. (NYSE:AIN)’s prospects, choosing instead to downgrade the stock to a HOLD from a STRONG BUY rating.
Albany International Corp. (NYSE:AIN) last distributed dividend of $0.17 per share on Jan. 8, 2016. That marked an improvement from dividend of $0.14 per share paid to shareholders in the previous quarter.
Albany International Corp. (NYSE:AIN)’s shares have contracted more than 12% YTD.