Applied Industrial Technologies Inc reports results for the quarter ended in June - Earnings Summary

Applied Industrial Technologies

17/08/2021 12:15

* Applied Industrial Technologies Inc  AIT.N  reported quarterly
adjusted earnings of $1.44​​ per share for the quarter ended in
June. The mean expectation of three analysts for the quarter was
for earnings of $1.15 per share.
* Revenue rose 23.6% to $895.89 million from a year ago; 
analysts expected $841.55 million. 
* Applied Industrial Technologies Inc's reported EPS for the
quarter was $1.51​.
* The mean earnings estimate of analysts had fallen by
about 0.4% in the last three months.​ 
* In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
* Applied Industrial Technologies Inc shares had fallen by 2.5%
this quarter and gained 13.8% so far this year.
* The company reported quarterly net income of $59.24 million.
* Wall Street's median 12-month price target for Applied
Industrial Technologies Inc is $110.00 
* The current average analyst rating on the shares is "buy" and
the breakdown of recommendations is 3 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
This summary was machine generated August 17 at 11:15 a.m.  ​All
figures in US dollars unless otherwise stated