Applied Industrial Technologies revised its EPS guidance for FY25 to $9.25-$10.00, with revenue expectations between $4.4-$4.6 billion.
Applied Industrial Technologies (AIT) has revised its fiscal year 2025 earnings guidance to $9.25-$10.00 per share, slightly above previous estimates. It expects revenue between $4.4 billion and $4.6 billion. Recent analyst upgrades include a “buy” rating and increased price targets. The company reported a 0.3% sales growth in Q1 but faced challenges like a 3% decline in organic sales. A quarterly dividend of $0.37 per share is set for November 29, 2024.
October 24, 2024
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