Applied Industrial Technologies (AIT) Given Daily Media Sentiment Score of 0.14
Headlines about Applied Industrial Technologies (NYSE:AIT) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern rates the sentiment of media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Applied Industrial Technologies earned a news impact score of 0.14 on Accern’s scale. Accern also gave news coverage about the industrial products company an impact score of 47.6810414530798 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news articles that may have impacted Accern’s rankings:
- Edited Transcript of AIT earnings conference call or presentation 11-Aug-17 2:00pm GMT (finance.yahoo.com)
- Applied Industrial Technologies Inc Bottom Line Advances 103% In Q4 (rttnews.com)
- Applied Industrial Technologies, Inc. (AIT) Ex-Dividend Date Scheduled for … (nasdaq.com)
- Applied Industrial Technologies (NYSE: AIT) opens in green on positive fourth quarter (fxdailyreport.com)
- Applied Industrial Technologies (AIT) Q4 2017 Results – Earnings Call Transcript (seekingalpha.com)
AIT has been the topic of several analyst reports. BidaskClub downgraded shares of Applied Industrial Technologies from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 1st. Zacks Investment Research downgraded shares of Applied Industrial Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 27th. Northcoast Research initiated coverage on shares of Applied Industrial Technologies in a research report on Tuesday, July 25th. They set a “neutral” rating on the stock. Finally, Wells Fargo & Company reissued a “market perform” rating and set a $63.00 target price (down from $67.00) on shares of Applied Industrial Technologies in a research report on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $65.50.
Applied Industrial Technologies (NYSE:AIT) traded up 1.54% during midday trading on Friday, reaching $55.45. 409,562 shares of the company’s stock were exchanged. The company has a market cap of $2.16 billion, a price-to-earnings ratio of 20.36 and a beta of 0.95. Applied Industrial Technologies has a 52 week low of $43.50 and a 52 week high of $69.00. The firm has a 50-day moving average price of $57.53 and a 200 day moving average price of $60.68.
Applied Industrial Technologies (NYSE:AIT) last announced its quarterly earnings results on Friday, August 11th. The industrial products company reported $1.34 EPS for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.56. Applied Industrial Technologies had a net margin of 4.20% and a return on equity of 15.70%. The business had revenue of $681.47 million for the quarter, compared to analyst estimates of $680.20 million. During the same quarter in the prior year, the business earned $0.66 EPS. Applied Industrial Technologies’s quarterly revenue was up 7.5% on a year-over-year basis. Analysts anticipate that Applied Industrial Technologies will post $2.83 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Tuesday, August 15th will be paid a $0.29 dividend. The ex-dividend date is Friday, August 11th. This represents a $1.16 dividend on an annualized basis and a yield of 2.09%. Applied Industrial Technologies’s dividend payout ratio (DPR) is currently 42.65%.
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About Applied Industrial Technologies
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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