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

Applied Industrial Technologies

29/04/2022 11:18

* Applied Industrial Technologies Inc  AIT.N  reported
quarterly
adjusted earnings of $1.75​​ per share for the quarter ended in
March. The mean expectation of four analysts for the quarter was
for earnings of $1.52 per share.
    * Revenue rose 16.6% to $980.66 million from a year ago; 
analysts
expected $926.33 million. 
    * Applied Industrial Technologies Inc's reported EPS for the
quarter was $1.75​.
    * The mean earnings estimate of analysts had fallen by
about 0.3%
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 risen
by 2.3%
this quarter and gained 2.2% so far this year.
    * The company reported quarterly net income of $68.31
million.
    * Wall Street's median 12-month price target for Applied
Industrial Technologies Inc is $124.50 
    * 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 10:18 a.m.  ​All
figures in US dollars unless otherwise stated