Applied Industrial Technologies (AIT) Scheduled to Post Earnings on Wednesday

Applied Industrial Technologies (NYSE:AIT) will release its Q415 earnings data on Wednesday, August 12th. Analysts expect Applied Industrial Technologies to post earnings of $0.73 per share and revenue of $686.00 million for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Applied Industrial Technologies (NYSE:AIT) opened at 37.86 on Monday. Applied Industrial Technologies has a 12-month low of $37.15 and a 12-month high of $50.00. The firm has a 50-day moving average of $39.38 and a 200 day moving average of $41.90. The firm has a market capitalization of $1.52 billion and a price-to-earnings ratio of 13.42.
The firm also recently announced a quarterly dividend, which will be issued on Monday, August 31st. Shareholders of record on Friday, August 14th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 2.85%. The ex-dividend date of this dividend is Wednesday, August 12th.
AIT has been the subject of several recent analyst reports. Zacks lowered Applied Industrial Technologies from a “hold” rating to a “sell” rating in a report on Thursday, July 23rd. KeyBanc began coverage on shares of Applied Industrial Technologies in a report on Tuesday, July 21st. They issued a “sector weight” rating for the company. Finally, Longbow Research downgraded shares of Applied Industrial Technologies from a “neutral” rating to an “underperform” rating and set a $34.00 target price for the company. in a report on Friday, June 19th.
Applied Industrial Technologies Inc. is a distributor and supplier of industrial products. The Company’s industry products, including bearings, power transmission components, fluid power components and systems, industrial rubber products, linear motion components, tools, safety products, and other industrial and maintenance supplies. 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. The Company operates in two segments: service center-based distribution and fluid power businesses. Service center-based distribution provides customers with a range of industrial products through a network of service centers. Fluid power businesses consist of regional companies that distribute fluid power components and operate shops to assemble fluid power systems and perform equipment repair.