Wall Street brokerages expect that Smith (A.O.) Corporation (NYSE:AOS) will report sales of $741.43 million for the current quarter, Zacks reports. Nine analysts have made estimates for Smith (A.O.) Corporation’s earnings, with the highest sales estimate coming in at $756.00 million and the lowest estimate coming in at $711.00 million. Smith (A.O.) Corporation reported sales of $683.90 million in the same quarter last year, which would suggest a positive year over year growth rate of 8.4%. The company is expected to report its next earnings results before the market opens on Wednesday, October 25th.

On average, analysts expect that Smith (A.O.) Corporation will report full year sales of $741.43 million for the current year, with estimates ranging from $2.91 billion to $3.00 billion. For the next financial year, analysts forecast that the company will report sales of $3.23 billion per share, with estimates ranging from $3.16 billion to $3.30 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Smith (A.O.) Corporation.

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

A number of research firms have weighed in on AOS. BidaskClub downgraded Smith (A.O.) Corporation from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. BMO Capital Markets reaffirmed a “buy” rating and set a $60.00 price objective on shares of Smith (A.O.) Corporation in a report on Friday, July 28th. Robert W. Baird set a $61.00 price objective on Smith (A.O.) Corporation and gave the company a “buy” rating in a report on Thursday, August 24th. KeyCorp reaffirmed a “hold” rating on shares of Smith (A.O.) Corporation in a report on Tuesday, September 12th. Finally, Jefferies Group LLC reaffirmed a “buy” rating on shares of Smith (A.O.) Corporation in a report on Friday, July 14th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $69.40.

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In other news, 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 directly owns 277,465 shares of the company’s stock, valued at approximately $14,988,659.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.27% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in AOS. UBS Asset Management Americas Inc. boosted its holdings in shares of Smith (A.O.) Corporation by 7.2% in the 1st quarter. UBS Asset Management Americas Inc. now owns 427,958 shares of the industrial products company’s stock worth $21,894,000 after acquiring an additional 28,757 shares in the last quarter. TD Asset Management Inc. boosted its holdings in shares of Smith (A.O.) Corporation by 3.6% in the 1st quarter. TD Asset Management Inc. now owns 10,310 shares of the industrial products company’s stock worth $527,000 after acquiring an additional 360 shares in the last quarter. Nordea Investment Management AB boosted its holdings in shares of Smith (A.O.) Corporation by 159.3% in the 1st quarter. Nordea Investment Management AB now owns 9,852 shares of the industrial products company’s stock worth $504,000 after acquiring an additional 6,052 shares in the last quarter. M&T Bank Corp boosted its holdings in shares of Smith (A.O.) Corporation by 5.3% in the 1st quarter. M&T Bank Corp now owns 8,163 shares of the industrial products company’s stock worth $417,000 after acquiring an additional 411 shares in the last quarter. Finally, Stifel Financial Corp boosted its holdings in shares of Smith (A.O.) Corporation by 2.2% in the 1st quarter. Stifel Financial Corp now owns 9,478 shares of the industrial products company’s stock worth $484,000 after acquiring an additional 203 shares in the last quarter. 74.00% of the stock is currently owned by institutional investors and hedge funds.

Shares of Smith (AOS) opened at 60.86 on Thursday. Smith has a one year low of $43.66 and a one year high of $60.94. The company has a market cap of $10.50 billion, a P/E ratio of 30.89 and a beta of 1.50. The company has a 50 day moving average price of $56.92 and a 200 day moving average price of $54.87.

About Smith (A.O.) Corporation

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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