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

Applied Industrial Technologies

29/04/2021 16:58

* Applied Industrial Technologies Inc  AIT.N  reported quarterly
adjusted earnings of $1.37​​ per share for the quarter ended
in March. The mean expectation of four analysts for the quarter
was for earnings of $1.03 per share.
* Revenue rose 1.2% to $840.94 million from a year ago​; 
analysts expected $814.90 million.
* Applied Industrial Technologies Inc's reported EPS for the
quarter was $1.42​.
* The mean earnings estimate of analysts had risen by about 9.8%
in the last three months.​ 
* In the last 30 days there have been no negative revisions of
earnings estimates and  
* Applied Industrial Technologies Inc shares had risen by 4.7%
this quarter and gained 22.4% so far this year.
* The company reported quarterly net income of $56.06 million.
* Wall Street's median 12-month price target for Applied
Industrial Technologies Inc is $100.50 
* The current average analyst rating on the shares is "buy" and
the breakdown of recommendations is 4 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
This summary was machine generated April 29 at 03:58 p.m. GMT.
​All figures in US Dollars.​