Applied Industrial Technologies (AIT) Expected to Announce Quarterly Earnings on Wednesday

Applied Industrial Technologies (NYSE:AIT) is anticipated to issue its quarterly earnings data before the market opens on Wednesday, January 29th. Analysts expect the company to announce earnings of $2.21 per share and revenue of $1,078,346.88 billion for the quarter. Applied Industrial Technologies has set its FY 2025 guidance at 9.250-10.000 EPS and its FY25 guidance at $9.25-10.00 EPS.Parties interested in listening to the company’s conference call can do so using this link.

Applied Industrial Technologies (NYSE:AIT) last issued its quarterly earnings results on Thursday, October 24th. The industrial products company reported $2.36 earnings per share for the quarter, beating the consensus estimate of $2.25 by $0.11. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.08 billion. Applied Industrial Technologies had a net margin of 8.57% and a return on equity of 22.68%. The company’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.39 earnings per share. On average, analysts expect Applied Industrial Technologies to post $10 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Applied Industrial Technologies Stock Performance

Shares of NYSE AIT opened at $263.37 on Wednesday. Applied Industrial Technologies has a 1 year low of $173.73 and a 1 year high of $282.98. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.78 and a quick ratio of 2.74. The stock has a market cap of $10.13 billion, a PE ratio of 26.87, a price-to-earnings-growth ratio of 3.53 and a beta of 1.08. The firm has a fifty day moving average price of $259.07 and a 200-day moving average price of $229.87.

Applied Industrial Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 0.56%. The ex-dividend date was Friday, November 15th. Applied Industrial Technologies’s dividend payout ratio is currently 15.10%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on AIT shares. Mizuho assumed coverage on shares of Applied Industrial Technologies in a research report on Tuesday, October 22nd. They set an “outperform” rating and a $285.00 target price for the company. KeyCorp boosted their target price on Applied Industrial Technologies from $275.00 to $325.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 3rd. Robert W. Baird raised their price target on Applied Industrial Technologies from $210.00 to $250.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Raymond James lifted their price objective on Applied Industrial Technologies from $225.00 to $250.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Finally, StockNews.com upgraded Applied Industrial Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $285.71.

Insider Activity

In related news, VP Warren E. Hoffner III sold 4,000 shares of the business’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $281.64, for a total transaction of $1,126,560.00. Following the completion of the transaction, the vice president now owns 55,709 shares in the company, valued at $15,689,882.76. The trade was a 6.70 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mary Dean Hall sold 2,200 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $275.08, for a total transaction of $605,176.00. Following the completion of the transaction, the director now directly owns 3,462 shares in the company, valued at $952,326.96. This represents a 38.86 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.67% of the company’s stock.

Applied Industrial Technologies Company Profile

Applied Industrial Technologies, Inc distributes industrial motion, power, control, and automation technology solutions in North America, Australia, New Zealand, and Singapore. It operates in two segments, Service Center Based Distribution, and Engineered Solutions. The company distributes bearings, power transmission products, engineered fluid power components and systems, specialty flow control solutions, advanced automation products, industrial rubber products, linear motion components, automation solutions, tools, safety products, oilfield supplies, and other industrial and maintenance supplies; and motors, belting, drives, couplings, pumps, hydraulic and pneumatic components, filtration supplies, valves, fittings, process instrumentation, actuators, and hoses, filtration supplies, as well as other related supplies for general operational needs of customers' machinery and equipment.