Analysts expect Smith (A.O.) Corporation (NYSE:AOS) to announce earnings of $0.53 per share for the current fiscal quarter, according to Zacks. Nine analysts have provided estimates for Smith (A.O.) Corporation’s earnings, with estimates ranging from $0.51 to $0.54. Smith (A.O.) Corporation reported earnings per share of $0.47 in the same quarter last year, which suggests a positive year-over-year growth rate of 12.8%. The firm is scheduled to report its next quarterly earnings results on Wednesday, October 25th.

On average, analysts expect that Smith (A.O.) Corporation will report full year earnings of $2.11 per share for the current fiscal year, with EPS estimates ranging from $2.09 to $2.13. For the next financial year, analysts expect that the firm will report earnings of $2.37 per share, with EPS estimates ranging from $2.35 to $2.40. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Smith (A.O.) Corporation.

Smith (A.O.) Corporation (NYSE:AOS) last posted its quarterly earnings results on Wednesday, July 26th. The industrial products company reported $0.53 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.53. Smith (A.O.) Corporation had a return on equity of 22.25% and a net margin of 12.10%. The company had revenue of $738.20 million for the quarter, compared to analysts’ expectations of $729.33 million. During the same period in the previous year, the firm earned $0.49 EPS. The firm’s revenue was up 10.7% compared to the same quarter last year.

AOS has been the topic of several research reports. Zacks Investment Research downgraded Smith (A.O.) Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. KeyCorp reiterated a “sector weight” rating on shares of Smith (A.O.) Corporation in a research report on Friday, April 28th. They noted that the move was a valuation call. BidaskClub downgraded Smith (A.O.) Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Boenning Scattergood restated a “buy” rating on shares of Smith (A.O.) Corporation in a research report on Wednesday, July 26th. Finally, Jefferies Group LLC restated a “buy” rating on shares of Smith (A.O.) Corporation in a research report on Friday, July 14th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $66.80.

Shares of Smith (AOS) traded down 0.27% during mid-day trading on Tuesday, hitting $54.40. The stock had a trading volume of 635,227 shares. The firm has a 50 day moving average of $56.14 and a 200-day moving average of $52.78. Smith has a one year low of $43.66 and a one year high of $57.97. The stock has a market cap of $9.51 billion, a P/E ratio of 27.61 and a beta of 1.51.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.03%. The ex-dividend date is Thursday, July 27th. Smith (A.O.) Corporation’s dividend payout ratio is presently 28.43%.

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In other Smith (A.O.) Corporation news, Director Ronald D. Brown sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $54.25, for a total transaction of $434,000.00. Following the transaction, the director now owns 43,896 shares in the company, valued at approximately $2,381,358. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Paul W. Jones sold 60,000 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $54.02, for a total value of $3,241,200.00. Following the transaction, the director now owns 277,465 shares in the company, valued at approximately $14,988,659.30. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 109,387 shares of company stock valued at $5,951,137. 1.27% of the stock is owned by company insiders.

Several large investors have recently added to or reduced their stakes in the company. UBS Asset Management Americas Inc. boosted its stake in shares of Smith (A.O.) Corporation by 94.5% in the fourth quarter. UBS Asset Management Americas Inc. now owns 399,201 shares of the industrial products company’s stock worth $18,903,000 after buying an additional 193,923 shares during the period. Teachers Advisors LLC raised its position in shares of Smith (A.O.) Corporation by 509.7% in the fourth quarter. Teachers Advisors LLC now owns 485,709 shares of the industrial products company’s stock worth $22,998,000 after buying an additional 406,045 shares in the last quarter. Macquarie Group Ltd. raised its position in shares of Smith (A.O.) Corporation by 138.4% in the fourth quarter. Macquarie Group Ltd. now owns 58,918 shares of the industrial products company’s stock worth $2,789,000 after buying an additional 34,209 shares in the last quarter. Creative Planning raised its position in shares of Smith (A.O.) Corporation by 130.9% in the first quarter. Creative Planning now owns 2,949 shares of the industrial products company’s stock worth $151,000 after buying an additional 1,672 shares in the last quarter. Finally, Gulf International Bank UK Ltd raised its position in shares of Smith (A.O.) Corporation by 1.8% in the first quarter. Gulf International Bank UK Ltd now owns 44,800 shares of the industrial products company’s stock worth $2,291,000 after buying an additional 800 shares in the last quarter. Institutional investors and hedge funds own 74.64% of the company’s stock.

Smith (A.O.) Corporation Company Profile

A. O. Smith Corporation operates through two segments: North America and Rest of World. The Company’s Rest of World segment primarily consists of China, Europe and India. Both segments manufacture and market comprehensive lines of residential and commercial gas, gas tankless and electric water heaters, as well as water treatment products.

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Earnings History and Estimates for Smith (A.O.) Corporation (NYSE:AOS)

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