$767.09 Million in Sales Expected for A. O. Smith Corp (AOS) This Quarter

Equities analysts predict that A. O. Smith Corp (NYSE:AOS) will post sales of $767.09 million for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have provided estimates for A. O. Smith’s earnings. The highest sales estimate is $780.80 million and the lowest is $755.60 million. A. O. Smith posted sales of $698.10 million in the same quarter last year, which suggests a positive year-over-year growth rate of 9.9%. The firm is scheduled to announce its next earnings results before the market opens on Tuesday, January 30th.

According to Zacks, analysts expect that A. O. Smith will report full year sales of $767.09 million for the current year, with estimates ranging from $2.90 billion to $3.01 billion. For the next year, analysts anticipate that the company will post sales of $3.26 billion per share, with estimates ranging from $3.24 billion to $3.29 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for A. O. Smith.

A. O. Smith (NYSE:AOS) last released its earnings results on Wednesday, October 25th. The industrial products company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.01. A. O. Smith had a return on equity of 22.42% and a net margin of 12.18%. The business had revenue of $749.90 million for the quarter, compared to the consensus estimate of $741.28 million. During the same period last year, the business earned $0.47 earnings per share. The firm’s revenue for the quarter was up 9.7% compared to the same quarter last year.

A number of research analysts have commented on AOS shares. Zacks Investment Research cut shares of A. O. Smith from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Stifel Nicolaus restated a “hold” rating and set a $61.00 price target on shares of A. O. Smith in a research note on Thursday, October 26th. Robert W. Baird restated a “buy” rating and set a $64.00 price target on shares of A. O. Smith in a research note on Wednesday, October 4th. SunTrust Banks restated a “buy” rating and set a $65.00 price target on shares of A. O. Smith in a research note on Thursday, October 12th. Finally, Boenning Scattergood cut shares of A. O. Smith from an “outperform” rating to a “neutral” rating in a research note on Wednesday, October 25th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. A. O. Smith presently has an average rating of “Hold” and a consensus price target of $62.40.

In other A. O. Smith news, insider Kevin J. Wheeler sold 13,293 shares of A. O. Smith stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $61.49, for a total transaction of $817,386.57. Following the completion of the sale, the insider now owns 30,748 shares of the company’s stock, valued at approximately $1,890,694.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Mark A. Petrarca sold 5,288 shares of A. O. Smith stock in a transaction on Friday, December 1st. The stock was sold at an average price of $63.14, for a total transaction of $333,884.32. The disclosure for this sale can be found here. Insiders have sold a total of 100,156 shares of company stock valued at $6,092,537 in the last ninety days. Company insiders own 1.27% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Toronto Dominion Bank grew its holdings in A. O. Smith by 11.8% during the 2nd quarter. Toronto Dominion Bank now owns 1,807 shares of the industrial products company’s stock worth $102,000 after acquiring an additional 191 shares during the period. M&T Bank Corp grew its holdings in shares of A. O. Smith by 6.5% in the 2nd quarter. M&T Bank Corp now owns 8,697 shares of the industrial products company’s stock valued at $491,000 after buying an additional 534 shares during the period. Ameritas Investment Partners Inc. grew its holdings in shares of A. O. Smith by 1.4% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 48,372 shares of the industrial products company’s stock valued at $2,725,000 after buying an additional 657 shares during the period. MML Investors Services LLC grew its holdings in shares of A. O. Smith by 9.4% in the 2nd quarter. MML Investors Services LLC now owns 8,461 shares of the industrial products company’s stock valued at $477,000 after buying an additional 730 shares during the period. Finally, WINTON GROUP Ltd grew its holdings in shares of A. O. Smith by 22.1% in the 2nd quarter. WINTON GROUP Ltd now owns 4,378 shares of the industrial products company’s stock valued at $247,000 after buying an additional 793 shares during the period. 74.92% of the stock is owned by hedge funds and other institutional investors.

Shares of A. O. Smith (AOS) opened at $67.04 on Monday. A. O. Smith has a 1 year low of $46.44 and a 1 year high of $67.05. The firm has a market capitalization of $11,530.00, a PE ratio of 32.86, a P/E/G ratio of 2.25 and a beta of 1.57. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.92 and a current ratio of 2.32.

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Wednesday, January 31st will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.07%. This is a positive change from A. O. Smith’s previous quarterly dividend of $0.14. A. O. Smith’s dividend payout ratio (DPR) is currently 27.45%.

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A. O. Smith 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 A. O. Smith (NYSE:AOS)

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