Analyst Ronald Epstein from Bank of America Securities maintained a Sell rating on Albany International (AIN – Research Report) and keeping the price target at $75.00.
Ronald Epstein has given his Sell rating due to a combination of factors impacting Albany International’s financial performance. The company’s recent earnings report revealed a significant decline in both revenue and operating margins, with revenue falling by approximately 8% year-over-year and operating margins contracting by about 265 basis points. These figures were below both Bank of America’s estimates and consensus expectations, indicating weaker-than-anticipated financial health.
Furthermore, specific segments such as Machine Clothing and Albany Engineered Composites experienced notable declines in revenue and margins due to reduced demand in certain markets. Despite the company reaffirming its 2025 outlook and expecting future benefits from strategic integrations, the current demand challenges and financial underperformance led Epstein to maintain a cautious stance, justifying the Sell rating.