• Albany International Corp AIN.N reported quarterly adjusted earnings of 58 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of $1.22. The mean expectation of four analysts for the quarter was for earnings of 66 cents per share. Wall Street expected results to range from 59 cents to 71 cents per share.

• Revenue fell 11.3% to $286.91 million from a year ago; analysts expected $299.45 million.

• Albany International Corp's reported EPS for the quarter was 56 cents​.

• The company reported quarterly net income of $17.68 million.

• Albany International Corp shares had fallen by 1.4% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 1.5% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," 1 "hold" and 1 "sell" or "strong sell."

• The average consensus recommendation for the industrial machinery & equipment peer group is "hold."

Wall Street's median 12-month price target for Albany International Corp is $95.00

This summary was machine generated from LSEG data February 27 at 04:52 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)