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Albany International Corp. (NYSE:AIN): What Does The Future Look Like?

Simply Wall St

After Albany International Corp.'s (NYSE:AIN) earnings announcement in March 2019, analysts seem cautiously bearish, with profits predicted to rise by 9.2% next year relative to the higher past 5-year average growth rate of 16%. Currently with trailing-twelve-month earnings of US$83m, we can expect this to reach US$91m by 2020. Below is a brief commentary around Albany International's earnings outlook going forward, which may give you a sense of market sentiment for the company. Readers that are interested in understanding the company beyond these figures should research its fundamentals here.

View our latest analysis for Albany International

How is Albany International going to perform in the near future?

The 3 analysts covering AIN view its longer term outlook with a positive sentiment. Given that it becomes hard to forecast far into the future, broker analysts tend to project ahead roughly three years. I've plotted out each year's earnings expectations and inserted a line of best fit to calculate an annual growth rate from the slope in order to understand the overall trajectory of AIN's earnings growth over these next few years.

NYSE:AIN Past and Future Earnings, July 30th 2019

By 2022, AIN's earnings should reach US$111m, from current levels of US$83m, resulting in an annual growth rate of 8.9%. EPS reaches $4.32 in the final year of forecast compared to the current $2.57 EPS today. In 2022, AIN's profit margin will have expanded from 8.4% to 9.5%.

Next Steps:

Future outlook is only one aspect when you're building an investment case for a stock. For Albany International, there are three relevant aspects you should further research:

  1. Financial Health: Does it have a healthy balance sheet? Take a look at our free balance sheet analysis with six simple checks on key factors like leverage and risk.
  2. Valuation: What is Albany International worth today? Is the stock undervalued, even when its growth outlook is factored into its intrinsic value? The intrinsic value infographic in our free research report helps visualize whether Albany International is currently mispriced by the market.
  3. Other High-Growth Alternatives : Are there other high-growth stocks you could be holding instead of Albany International? Explore our interactive list of stocks with large growth potential to get an idea of what else is out there you may be missing!

We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.

If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.