A. O. Smith Corp (AOS) Plans Quarterly Dividend of $0.15
A. O. Smith Corp (NYSE:AOS) declared a quarterly dividend on Monday, July 7th, Analyst Ratings Net reports. Stockholders of record on Thursday, July 31st will be given a dividend of 0.15 per share on Friday, August 15th. This represents a $0.60 dividend on an annualized basis and a yield of 1.24%.
A number of research firms have recently commented on AOS. Analysts at Zacks upgraded shares of A. O. Smith Corp from a “hold” rating to a “buy” rating in a research note on Wednesday, April 23rd. On the ratings front, analysts at Sterne Agee upgraded shares of A. O. Smith Corp from a “neutral” rating to a “buy” rating in a research note on Wednesday, April 23rd. They now have a $58.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at BMO Capital Markets upgraded shares of A. O. Smith Corp from a “market perform” rating to an “outperform” rating in a research note on Wednesday, April 23rd. They now have a $57.00 price target on the stock, up previously from $55.00. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $59.89.
A. O. Smith Corp (NYSE:AOS) traded down 2.56% on Monday, hitting $48.26. The stock had a trading volume of 365,958 shares. A. O. Smith Corp has a 1-year low of $37.51 and a 1-year high of $55.18. The stock has a 50-day moving average of $49.52 and a 200-day moving average of $48.69. The company has a market cap of $4.373 billion and a P/E ratio of 25.80. A. O. Smith Corp also was the target of a large drop in short interest in the month of June. As of June 13th, there was short interest totalling 806,306 shares, a drop of 28.6% from the May 30th total of 1,129,456 shares. Approximately 1.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 500,508 shares, the days-to-cover ratio is currently 1.6 days.
A. O. Smith Corp (NYSE:AOS) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $0.54 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.53 by $0.01. The company had revenue of $552.20 million for the quarter, compared to the consensus estimate of $559.51 million. During the same quarter in the prior year, the company posted $0.96 earnings per share. The company’s quarterly revenue was up 8.4% on a year-over-year basis. On average, analysts predict that A. O. Smith Corp will post $2.35 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.