Applied Industrial Technologies (NYSE:AIT) Issues FY 2025 Earnings Guidance

Applied Industrial Technologies (NYSE:AIT) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided EPS guidance of 9.200-9.950 for the period, compared to the consensus EPS estimate of 10.100. The company issued revenue guidance of $4.4 billion-$4.6 billion, compared to the consensus revenue estimate of $4.7 billion. Applied Industrial Technologies also updated its FY25 guidance to $9.20-9.95 EPS.

Analysts Set New Price Targets

Several brokerages recently issued reports on AIT. Northcoast Research began coverage on shares of Applied Industrial Technologies in a research note on Monday, July 1st. They set a neutral rating for the company. StockNews.com lowered Applied Industrial Technologies from a buy rating to a hold rating in a research report on Thursday. Loop Capital lifted their price objective on Applied Industrial Technologies from $215.00 to $230.00 and gave the stock a buy rating in a research report on Friday. Finally, KeyCorp boosted their price objective on Applied Industrial Technologies from $210.00 to $215.00 and gave the stock an overweight rating in a research note on Friday. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Applied Industrial Technologies currently has a consensus rating of Moderate Buy and an average target price of $226.67.

Applied Industrial Technologies Stock Performance

Applied Industrial Technologies stock opened at $201.56 on Friday. The firm has a 50 day simple moving average of $196.73 and a 200-day simple moving average of $192.25. The stock has a market cap of $7.78 billion, a price-to-earnings ratio of 21.13, a price-to-earnings-growth ratio of 2.03 and a beta of 1.06. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.77 and a quick ratio of 2.70. Applied Industrial Technologies has a 1-year low of $142.66 and a 1-year high of $223.15.

Applied Industrial Technologies (NYSE:AIT) last issued its quarterly earnings data on Thursday, August 15th. The industrial products company reported $2.64 earnings per share for the quarter, topping the consensus estimate of $2.52 by $0.12. The company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.19 billion. Applied Industrial Technologies had a return on equity of 23.69% and a net margin of 8.36%. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the prior year, the business posted $2.35 earnings per share. On average, analysts expect that Applied Industrial Technologies will post 9.62 EPS for the current year.

Applied Industrial Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Thursday, August 15th will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date is Thursday, August 15th. Applied Industrial Technologies’s dividend payout ratio (DPR) is 15.51%.

Insider Transactions at Applied Industrial Technologies

In related news, VP Jason W. Vasquez sold 650 shares of Applied Industrial Technologies stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $196.71, for a total value of $127,861.50. Following the completion of the sale, the vice president now owns 22,960 shares in the company, valued at approximately $4,516,461.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.20% 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.