Like many market participants, you are probably focused on processing a busy week of quarterly earnings reports from prominent names such as Tesla, Goldman Sachs, and Netflix. But, we wanted to close the week by drawing your attention to a lesser-known stock you’re probably not familiar with yet. But you should be. This impressive company is an industry forerunner and well-positioned to continue defying market volatility in the coming months…
While the textile market can be fiercely competitive and subject to rapid changes, industry bellwether Albany International has proved its ability to adapt and thrive. Thanks to its substantial presence in the textiles and aerospace materials space, AIN effectively defies market volatility with its diversified revenue stream and robust balance sheet.
In its most recent quarterly earnings release, the textile maker reported earnings per share (EPS) of $0.91, surpassing analysts’ consensus estimates of $0.85 by an impressive $0.06 margin. Quarterly revenue stood at $269.10 million, outperforming the consensus estimate of $255.14 million – indicating a substantial increase of 10.2% compared to the same quarter last year. Albany International has shown consistent growth with a return on equity (ROE) of 14.14% and a net margin of 8.96%.
Looking ahead, analysts predict that Albany International will post an EPS of 3.57 for the current fiscal year – further solidifying its position as a leader in the textile industry.
Buy on Friday, cash out on Monday
While most traders sell and close their positions for the week on Friday afternoons, this trader legend is buying.
Then like clockwork he sells their shares right back to them on Monday morning for 5X… 10X… or even 100X what they sold them for on Friday.
All the while he gets to pocket as much as $9,518 OR MORE…
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