Applied Industrial Technologies (NYSE:AIT) Releases FY25 Earnings Guidance

Applied Industrial Technologies (NYSE:AIT - Get Free Report) issued an update on its FY25 earnings guidance on Thursday morning. The company provided EPS guidance of $9.25-10.00 for the period, compared to the consensus EPS estimate of $9.68. The company issued revenue guidance of +/-2.5% yr/yr to ~$4.37-4.59 billion, compared to the consensus revenue estimate of $4.51 billion. Applied Industrial Technologies also updated its FY 2025 guidance to 9.250-10.000 EPS.

Applied Industrial Technologies Stock Performance

Shares of AIT traded up $7.93 during mid-day trading on Thursday, reaching $231.75. 641,928 shares of the company's stock traded hands, compared to its average volume of 288,968. Applied Industrial Technologies has a 12 month low of $149.59 and a 12 month high of $240.45. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.56 and a current ratio of 3.53. The stock has a market capitalization of $8.95 billion, a P/E ratio of 24.29, a price-to-earnings-growth ratio of 3.12 and a beta of 1.03. The business's 50-day moving average price is $214.20 and its 200-day moving average price is $200.90.

Applied Industrial Technologies (NYSE:AIT - Get Free Report) last posted its quarterly earnings data on Thursday, August 15th. The industrial products company reported $2.64 EPS for the quarter, topping analysts' consensus estimates of $2.52 by $0.12. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.19 billion. Applied Industrial Technologies had a return on equity of 23.55% and a net margin of 8.61%. The company's quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.35 EPS. Equities analysts predict that Applied Industrial Technologies will post 9.69 earnings per share for the current year.

Analysts Set New Price Targets

AIT has been the topic of a number of recent research reports. KeyCorp boosted their target price on Applied Industrial Technologies from $215.00 to $245.00 and gave the company an "overweight" rating in a research note on Monday, September 23rd. StockNews.com raised Applied Industrial Technologies from a "hold" rating to a "buy" rating in a research report on Tuesday. Raymond James assumed coverage on Applied Industrial Technologies in a report on Wednesday, September 4th. They set an "outperform" rating and a $225.00 price objective on the stock. Northcoast Research initiated coverage on Applied Industrial Technologies in a research report on Monday, July 1st. They set a "neutral" rating for the company. Finally, Mizuho assumed coverage on shares of Applied Industrial Technologies in a research report on Tuesday. They issued an "outperform" rating and a $285.00 price target on the stock. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Applied Industrial Technologies presently has an average rating of "Moderate Buy" and a consensus price target of $243.14.

Insider Transactions at Applied Industrial Technologies

In other Applied Industrial Technologies news, VP Kurt W. Loring sold 3,366 shares of the firm's stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $209.02, for a total value of $703,561.32. Following the completion of the sale, the vice president now owns 19,315 shares in the company, valued at approximately $4,037,221.30. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, VP Kurt W. Loring sold 4,858 shares of the stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $203.10, for a total value of $986,659.80. Following the completion of the transaction, the vice president now owns 19,315 shares of the company's stock, valued at $3,922,876.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Kurt W. Loring sold 3,366 shares of the firm's stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $209.02, for a total transaction of $703,561.32. Following the transaction, the vice president now owns 19,315 shares of the company's stock, valued at approximately $4,037,221.30. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,927 shares of company stock worth $2,439,116. 2.20% of the stock is currently owned by company insiders.

About Applied Industrial Technologies

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.