Equities research analysts forecast that A. O. Smith Corp (NYSE:AOS) will post sales of $791.40 million for the current quarter, Zacks Investment Research reports. Eight analysts have made estimates for A. O. Smith’s earnings. The highest sales estimate is $807.90 million and the lowest is $779.20 million. A. O. Smith reported sales of $740.00 million in the same quarter last year, which indicates a positive year over year growth rate of 6.9%. The business is expected to report its next quarterly earnings report on Thursday, April 26th.
According to Zacks, 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 financial year, analysts anticipate that the business 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 analysts that that provide coverage for A. O. Smith.
A. O. Smith (NYSE:AOS) last issued its earnings results on Tuesday, January 30th. The industrial products company reported $0.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.04. The business had revenue of $768.60 million for the quarter, compared to the consensus estimate of $767.45 million. A. O. Smith had a net margin of 9.89% and a return on equity of 23.30%. The business’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.47 earnings per share.
Shares of A. O. Smith (NYSE AOS) opened at $66.16 on Wednesday. The firm has a market cap of $11,367.75, a PE ratio of 38.75, a PEG ratio of 1.94 and a beta of 1.52. A. O. Smith has a fifty-two week low of $49.48 and a fifty-two week high of $68.39. The company has a quick ratio of 1.87, a current ratio of 2.24 and a debt-to-equity ratio of 0.24.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Wednesday, January 31st were issued a dividend of $0.18 per share. The ex-dividend date was Tuesday, January 30th. This represents a $0.72 dividend on an annualized basis and a yield of 1.09%. This is an increase from A. O. Smith’s previous quarterly dividend of $0.14. A. O. Smith’s payout ratio is currently 42.35%.
In other A. O. Smith news, Chairman Ajita G. Rajendra sold 5,000 shares of A. O. Smith stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $66.55, for a total transaction of $332,750.00. Following the completion of the transaction, the chairman now owns 301,018 shares in the company, valued at $20,032,747.90. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Wilfridus M. Brouwer sold 30,000 shares of A. O. Smith stock in a transaction dated Tuesday, March 6th. The stock was sold at an average price of $63.11, for a total transaction of $1,893,300.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 110,635 shares of company stock worth $7,149,622. 1.28% of the stock is owned by insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. Tower Research Capital LLC TRC raised its position in shares of A. O. Smith by 70.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,784 shares of the industrial products company’s stock valued at $171,000 after buying an additional 1,150 shares during the last quarter. Zeke Capital Advisors LLC acquired a new position in shares of A. O. Smith in the fourth quarter valued at approximately $203,000. Commerzbank Aktiengesellschaft FI acquired a new position in shares of A. O. Smith in the fourth quarter valued at approximately $210,000. Brookmont Capital Management acquired a new position in shares of A. O. Smith in the fourth quarter valued at approximately $224,000. Finally, Wellington Shields Capital Management LLC acquired a new position in shares of A. O. Smith in the fourth quarter valued at approximately $245,000. Institutional investors own 74.28% of the company’s stock.
About A. O. Smith
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for A. O. Smith Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for A. O. Smith and related companies with MarketBeat.com's FREE daily email newsletter.