Analysts forecast that Smith (A.O.) Corporation (NYSE:AOS) will report $741.96 million in sales for the current fiscal quarter, according to Zacks. Eight analysts have issued estimates for Smith (A.O.) Corporation’s earnings. The highest sales estimate is $754.00 million and the lowest is $711.00 million. Smith (A.O.) Corporation posted sales of $683.90 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 8.5%. The firm is scheduled to issue its next earnings report before the market opens on Wednesday, October 25th.

According to Zacks, analysts expect that Smith (A.O.) Corporation will report full-year sales of $741.96 million for the current fiscal year, with estimates ranging from $2.91 billion to $3.02 billion. For the next financial year, analysts expect that the company will post sales of $3.24 billion per share, with estimates ranging from $3.16 billion to $3.30 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow Smith (A.O.) Corporation.

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

A number of equities analysts have commented on AOS shares. BMO Capital Markets reaffirmed a “buy” rating and set a $60.00 price objective on shares of Smith (A.O.) Corporation in a research report on Friday, July 28th. Boenning Scattergood reaffirmed a “buy” rating on shares of Smith (A.O.) Corporation in a research report on Wednesday, July 26th. BidaskClub cut shares of Smith (A.O.) Corporation from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Jefferies Group LLC reaffirmed a “buy” rating on shares of Smith (A.O.) Corporation in a research report on Friday, July 14th. Finally, Robert W. Baird set a $61.00 target price on Smith (A.O.) Corporation and gave the stock a “buy” rating in a report on Thursday, August 24th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $61.60.

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Shares of Smith (NYSE:AOS) traded up 0.47% during trading on Tuesday, hitting $61.84. 704,593 shares of the stock were exchanged. The company has a market cap of $10.67 billion, a P/E ratio of 31.39 and a beta of 1.49. Smith has a 1-year low of $43.66 and a 1-year high of $61.94. The firm’s 50-day moving average is $59.36 and its 200 day moving average is $55.85.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Tuesday, October 31st will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.91%. Smith (A.O.) Corporation’s dividend payout ratio is currently 28.43%.

In other news, Director Paul W. Jones sold 60,000 shares of Smith (A.O.) Corporation stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $54.02, for a total transaction of $3,241,200.00. Following the completion of the sale, the director now owns 277,465 shares of the company’s stock, valued at $14,988,659.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.27% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. State of Tennessee Treasury Department lifted its holdings in shares of Smith (A.O.) Corporation by 143.9% during the second quarter. State of Tennessee Treasury Department now owns 536,200 shares of the industrial products company’s stock worth $30,204,000 after buying an additional 316,400 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in Smith (A.O.) Corporation by 6.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 553,602 shares of the industrial products company’s stock valued at $31,185,000 after purchasing an additional 33,790 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in Smith (A.O.) Corporation by 23.3% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 48,271 shares of the industrial products company’s stock valued at $2,719,000 after purchasing an additional 9,130 shares in the last quarter. Credit Suisse AG raised its stake in Smith (A.O.) Corporation by 2.1% in the first quarter. Credit Suisse AG now owns 397,500 shares of the industrial products company’s stock valued at $20,336,000 after purchasing an additional 8,207 shares in the last quarter. Finally, Somerset Trust Co raised its stake in Smith (A.O.) Corporation by 0.4% in the second quarter. Somerset Trust Co now owns 12,433 shares of the industrial products company’s stock valued at $701,000 after purchasing an additional 55 shares in the last quarter. 74.03% of the stock is owned by institutional investors.

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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