Albany International Corporation (NYSE:AIN) is reporting third quarter earnings results on Wednesday 28th October 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.65 per share.
For the full year, analysts predict revenues of $ 881.50 million, while looking forward to income of $ 3.06 per share.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 870.00 million ~ $ 890.00 million, where as bottomline are predicted in a range of $ 2.85 ~ $ 3.10 per share
Click Here For More Historical Outlooks Of Albany International Corporation
Previous Quarter Performance
Albany International Corporation unwinded income for the second quarter of $ 1.09 per share, from the revenue of $ 225.99 million. The quarterly revenues decreased 16.08 percent compared with the same quarter last year. According to street consensus, AIN was expected to report 2Q20 income of $ 0.67 per share from revenue of $ 218.08 million. The bottom line results beat street analysts by $ 0.42 or 62.69 percent, at the same time, top line results outshined analysts by $ 7.91 million or 3.63 percent.
Stock Performance
Shares of Albany International Corporation traded low $ -0.68 or -1.28 percent on Tuesday, reaching $ 52.37 with volume of 114.50 thousand shares. Albany International Corporation has traded high as $ 53.38 and has cracked $ 52.27 on the downward trend
According to the previous trading day, closing price of $ 52.37, representing a 74.16 % increase from the 52 week low of $ 30.46 and a 39.05 % decrease over the 52 week high of $ 87.04.
The company has a market capital of $ 1.69 billion and is part of the Industrial Goods sector and Textile Industrial industry.
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).
