A.O. Smith Corp. (AOS) Announces Quarterly Dividend of $0.12
A.O. Smith Corp. (NYSE:AOS) declared a quarterly dividend on Thursday, October 10th, AnalystRatingsNetwork reports. Investors of record on Thursday, October 31st will be given a dividend of $0.12 per share on Friday, November 15th. This represents a $0.48 dividend on an annualized basis and a yield of 1.11%.
Several analysts have recently commented on the stock. Analysts at Jefferies Group reiterated a “buy” rating on shares of A.O. Smith Corp. in a research note to investors on Tuesday. They now have a $47.00 price target on the stock. On a related note, analysts at Goldman Sachs Group Inc. raised their price target on shares of A.O. Smith Corp. from $40.00 to $42.00 in a research note to investors on Tuesday. Finally, analysts at Wedbush raised their price target on shares of A.O. Smith Corp. from $35.00 to $40.00 in a research note to investors on Thursday, July 25th. They now have a “neutral” rating on the stock. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $44.83.
Shares of A.O. Smith Corp. (NYSE:AOS) opened at 43.93 on Thursday. A.O. Smith Corp. has a 1-year low of $27.725 and a 1-year high of $46.09. The stock has a 50-day moving average of $43.92 and a 200-day moving average of $39.76. The company has a market cap of $4.064 billion and a price-to-earnings ratio of 25.76.
A.O. Smith Corp. (NYSE:AOS) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $0.52 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.43 by $0.09. The company had revenue of $549.10 million for the quarter, compared to the consensus estimate of $515.96 million. During the same quarter in the prior year, the company posted $0.75 earnings per share. The company’s quarterly revenue was up 13.4% on a year-over-year basis. Analysts expect that A.O. Smith Corp. will post $1.93 EPS for the current fiscal year.
A. O. Smith Corporation is a manufacturer of water heating equipment, serving a diverse mix of residential and commercial end markets principally in the United States.
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