Back to top

Image: Bigstock

Applied Industrial Technologies, Inc.

Read MoreHide Full Article

Over the past three months, Applied Industrial’s shares have outperformed the industry. The company reported better-than-expected results for fourth-quarter fiscal 2018. Quarter adjusted earnings of $1.03 per share surpassed the Zacks Consensus Estimate by 2%. Also, revenues in the reported quarter outpaced the same by 2%. Going forward, Applied Industrial expects that sturdier segmental performance and acquisition benefits will continue to drive its revenue growth trajectory. Also, profitability in the upcoming quarters is expected to rally on the back of the company’s margin-improvement moves and greater operational excellence. Furthermore, the company remains on track to augment its shareholders’ remuneration over time.

In-Depth Zacks Research for the Tickers Above

Normally $25 each - click below to receive one report FREE:

Applied Industrial Technologies, Inc. (AIT) - free report >>