The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Albany International beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank and GAAP earnings per share grew.
Margins increased across the board.
Albany International chalked up revenue of $194.3 million. The four analysts polled by S&P Capital IQ expected revenue of $182.5 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.36. The four earnings estimates compiled by S&P Capital IQ predicted $0.31 per share. GAAP EPS were $0.26 for Q4 compared to -$0.23 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 40.6%, 110 basis points better than the prior-year quarter. Operating margin was 10.6%, 200 basis points better than the prior-year quarter. Net margin was 4.2%, 780 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $181.2 million. On the bottom line, the average EPS estimate is $0.31.
Next year's average estimate for revenue is $765.8 million. The average EPS estimate is $1.31.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 29 members out of 54 rating the stock outperform, and 25 members rating it underperform. Among 14 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 11 give Albany International a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Albany International is hold, with an average price target of $25.00.
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