Media headlines about Applied Industrial Technologies (NYSE:AIT) have been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Applied Industrial Technologies earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave press coverage about the industrial products company an impact score of 45.5570482969915 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s analysis:
Several equities research analysts recently weighed in on AIT shares. Zacks Investment Research raised shares of Applied Industrial Technologies from a “hold” rating to a “buy” rating and set a $69.00 price objective for the company in a report on Thursday, September 21st. ValuEngine downgraded shares of Applied Industrial Technologies from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Finally, Wellington Shields raised shares of Applied Industrial Technologies from a “hold” rating to a “gradually accumulate” rating in a report on Wednesday, December 27th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $70.50.
Shares of Applied Industrial Technologies (AIT) opened at $70.20 on Friday. Applied Industrial Technologies has a 1-year low of $54.00 and a 1-year high of $71.60. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.13 and a quick ratio of 1.83. The firm has a market cap of $2,726.77, a PE ratio of 19.72, a price-to-earnings-growth ratio of 1.79 and a beta of 0.93.
Applied Industrial Technologies (NYSE:AIT) last issued its quarterly earnings results on Wednesday, October 25th. The industrial products company reported $0.86 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.10. Applied Industrial Technologies had a net margin of 5.29% and a return on equity of 16.25%. The company had revenue of $680.70 million during the quarter, compared to the consensus estimate of $668.18 million. During the same period in the prior year, the company earned $0.70 EPS. Applied Industrial Technologies’s revenue was up 8.9% on a year-over-year basis. equities research analysts anticipate that Applied Industrial Technologies will post 3.26 earnings per share for the current fiscal year.
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Applied Industrial Technologies Company Profile
Applied Industrial Technologies, Inc is an industrial distributor in North America, Australia and New Zealand, serving maintenance, repair and operations (MRO), and original equipment manufacturing customers in various industries. In addition, the Company provides engineering, design, and systems integration for industrial and fluid power applications, as well as customized mechanical, fabricated rubber, and fluid power shop services.
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