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A.O. Smith Corp. (NYSE:AOS) posted its quarterly earnings results on Tuesday. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.01, Stock Ratings News reports. The company had revenue of $552.20 million for the quarter, compared to the consensus estimate of $559.51 million.

Several analysts have recently commented on the stock. Analysts at Robert W. Baird upgraded shares of A.O. Smith Corp. from a “neutral” rating to an “outperform” rating in a research note on Friday, April 11th. They now have a $87.00 price target on the stock, up previously from $55.00. On a related note, 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. Finally, 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 analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $56.44.

A.O. Smith Corp. (NYSE:AOS) opened at 46.82 on Tuesday. A.O. Smith Corp. has a one year low of $35.11 and a one year high of $55.18. The stock’s 50-day moving average is $46.50 and its 200-day moving average is $49.68. The company has a market cap of $4.272 billion and a price-to-earnings ratio of 25.43.

The company also recently announced a quarterly dividend, which is scheduled for Thursday, May 15th. Shareholders of record on Wednesday, April 30th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.28%. The ex-dividend date is Monday, April 28th.

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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