Press coverage about Applied Industrial Technologies (NYSE:AIT) has trended somewhat positive on Saturday, according to Accern Sentiment Analysis. The research firm identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Applied Industrial Technologies earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned news headlines about the industrial products company an impact score of 47.8531324224931 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Shares of AIT stock opened at $69.20 on Friday. The firm has a market cap of $2.68 billion, a price-to-earnings ratio of 24.37, a price-to-earnings-growth ratio of 1.56 and a beta of 0.95. The company has a debt-to-equity ratio of 1.26, a current ratio of 2.84 and a quick ratio of 1.67. Applied Industrial Technologies has a 12 month low of $54.00 and a 12 month high of $75.40.
Applied Industrial Technologies (NYSE:AIT) last announced its quarterly earnings results on Thursday, April 26th. The industrial products company reported $0.93 EPS for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.11. The business had revenue of $827.67 million during the quarter, compared to analyst estimates of $803.23 million. Applied Industrial Technologies had a net margin of 5.40% and a return on equity of 17.52%. Applied Industrial Technologies’s quarterly revenue was up 21.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.75 EPS. analysts forecast that Applied Industrial Technologies will post 3.69 EPS for the current year.
AIT has been the subject of several research analyst reports. ValuEngine upgraded shares of Applied Industrial Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Zacks Investment Research lowered shares of Applied Industrial Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, March 28th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $68.50.
In other Applied Industrial Technologies news, Director Joe Anthony Raver purchased 1,585 shares of the firm’s stock in a transaction on Tuesday, May 1st. The stock was acquired at an average price of $63.20 per share, for a total transaction of $100,172.00. Following the purchase, the director now owns 3,982 shares of the company’s stock, valued at approximately $251,662.40. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.70% of the company’s stock.
Applied Industrial Technologies Company Profile
Applied Industrial Technologies, Inc distributes industrial products in the United States, Puerto Rico, Canada, Mexico, Australia, New Zealand, and Singapore. The company offers its products for maintenance, repair, and operational, as well as original equipment manufacturing customers. It operates in two segments, Service Center-Based Distribution and Fluid Power Businesses.
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