$791.40 Million in Sales Expected for A. O. Smith Corp (AOS) This Quarter

Wall Street analysts expect A. O. Smith Corp (NYSE:AOS) to post sales of $791.40 million for the current fiscal quarter, according to Zacks. Eight analysts have issued estimates for A. O. Smith’s earnings, with the lowest sales estimate coming in at $779.20 million and the highest estimate coming in at $807.90 million. A. O. Smith posted sales of $740.00 million during the same quarter last year, which suggests a positive year over year growth rate of 6.9%. The business is scheduled to issue its next earnings report on Thursday, April 26th.

On average, analysts expect that A. O. Smith will report full-year sales of $791.40 million for the current financial year, with estimates ranging from $3.23 billion to $3.28 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $3.54 billion per share, with estimates ranging from $3.51 billion to $3.58 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow A. O. Smith.

A. O. Smith (NYSE:AOS) last released its quarterly earnings data on Tuesday, January 30th. The industrial products company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.56 by $0.04. The company had revenue of $768.60 million for the quarter, compared to the consensus estimate of $767.45 million. A. O. Smith had a return on equity of 23.30% and a net margin of 9.89%. A. O. Smith’s quarterly revenue was up 10.1% on a year-over-year basis. During the same period last year, the business posted $0.47 EPS.

Several research firms have commented on AOS. BMO Capital Markets restated a “buy” rating and set a $78.00 price objective on shares of A. O. Smith in a report on Friday, January 26th. Zacks Investment Research upgraded A. O. Smith from a “sell” rating to a “hold” rating and set a $75.00 price objective on the stock in a report on Wednesday, January 31st. Robert W. Baird reaffirmed a “buy” rating and set a $70.00 target price on shares of A. O. Smith in a research report on Wednesday, January 31st. Boenning Scattergood reaffirmed a “hold” rating on shares of A. O. Smith in a research report on Tuesday, January 30th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $59.00 target price on shares of A. O. Smith in a research report on Monday, December 11th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $67.83.

A. O. Smith (AOS) opened at $62.72 on Thursday. The company has a market capitalization of $10,714.55, a price-to-earnings ratio of 28.72, a price-to-earnings-growth ratio of 1.82 and a beta of 1.53. A. O. Smith has a fifty-two week low of $48.92 and a fifty-two week high of $68.39. The company has a current ratio of 2.24, a quick ratio of 1.87 and a debt-to-equity ratio of 0.24.

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.15%. The ex-dividend date is Tuesday, January 30th. This is a boost from A. O. Smith’s previous quarterly dividend of $0.14. A. O. Smith’s dividend payout ratio (DPR) is 42.35%.

In other A. O. Smith news, insider John J. Kita sold 8,958 shares of the stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $60.78, for a total transaction of $544,467.24. Following the sale, the insider now owns 72,677 shares of the company’s stock, valued at approximately $4,417,308.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Peter R. Martineau sold 9,723 shares of the firm’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $59.02, for a total value of $573,851.46. The disclosure for this sale can be found here. Insiders have sold a total of 86,151 shares of company stock worth $5,384,359 in the last ninety days. Insiders own 1.27% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Victory Capital Management Inc. boosted its position in shares of A. O. Smith by 7.2% in the 3rd quarter. Victory Capital Management Inc. now owns 2,095,029 shares of the industrial products company’s stock worth $124,508,000 after purchasing an additional 141,447 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of A. O. Smith by 27.6% in the 3rd quarter. Wells Fargo & Company MN now owns 2,023,896 shares of the industrial products company’s stock worth $120,280,000 after purchasing an additional 438,063 shares in the last quarter. Artisan Partners Limited Partnership boosted its position in shares of A. O. Smith by 9.9% in the 3rd quarter. Artisan Partners Limited Partnership now owns 1,641,917 shares of the industrial products company’s stock worth $97,579,000 after purchasing an additional 147,835 shares in the last quarter. Congress Asset Management Co. MA boosted its position in shares of A. O. Smith by 844.1% in the 4th quarter. Congress Asset Management Co. MA now owns 847,722 shares of the industrial products company’s stock worth $51,948,000 after purchasing an additional 757,932 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of A. O. Smith by 3.4% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 808,491 shares of the industrial products company’s stock worth $49,545,000 after purchasing an additional 26,857 shares in the last quarter. 75.19% of the stock is owned by hedge funds and other institutional investors.

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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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