A.O. Smith Corp. Declares Quarterly Dividend of $0.15 (AOS)
A.O. Smith Corp. (NYSE:AOS) announced a quarterly dividend on Monday, April 7th, Stock Ratings Network reports. Shareholders of record on Wednesday, April 30th will be paid a dividend of 0.15 per share on Thursday, May 15th. This represents a $0.60 annualized dividend and a dividend yield of 1.34%.
AOS has been the subject of a number of recent research reports. Analysts at FBR Capital Markets initiated coverage on shares of A.O. Smith Corp. in a research note on Wednesday, February 19th. They set an “outperform” rating and a $70.00 price target on the stock. Analysts at Janney Montgomery Scott reiterated a “fair value” rating on shares of A.O. Smith Corp. in a research note on Friday, January 24th. They now have a $58.00 price target on the stock, up previously from $55.00. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $52.63.
Shares of A.O. Smith Corp. (NYSE:AOS) traded down 2.86% during mid-day trading on Monday, hitting $44.79. The stock had a trading volume of 1,136,375 shares. A.O. Smith Corp. has a 52-week low of $33.345 and a 52-week high of $55.18. The stock’s 50-day moving average is $47.50 and its 200-day moving average is $49.51. The company has a market cap of $4.087 billion and a P/E ratio of 25.20.
A.O. Smith Corp. (NYSE:AOS) last announced its earnings results on Tuesday, January 28th. The company reported $0.52 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.51 by $0.01. The company had revenue of $558.90 million for the quarter, compared to the consensus estimate of $564.85 million. During the same quarter in the prior year, the company posted $0.93 earnings per share. The company’s quarterly revenue was up 6.6% on a year-over-year basis. On average, analysts predict that A.O. Smith Corp. will post $2.31 earnings per share 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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