Analysts predict that A. O. Smith Corp (NYSE:AOS) will announce earnings per share of $0.71 for the current quarter, according to Zacks Investment Research. Seven analysts have provided estimates for A. O. Smith’s earnings, with the highest EPS estimate coming in at $0.73 and the lowest estimate coming in at $0.68. A. O. Smith reported earnings per share of $0.60 in the same quarter last year, which suggests a positive year over year growth rate of 18.3%. The company is scheduled to issue its next quarterly earnings results on Tuesday, January 29th.
According to Zacks, analysts expect that A. O. Smith will report full year earnings of $2.58 per share for the current financial year, with EPS estimates ranging from $2.55 to $2.60. For the next fiscal year, analysts forecast that the business will report earnings of $2.82 per share, with EPS estimates ranging from $2.79 to $2.94. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for A. O. Smith.
A. O. Smith (NYSE:AOS) last posted its quarterly earnings results on Tuesday, October 30th. The industrial products company reported $0.61 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.02). A. O. Smith had a net margin of 10.83% and a return on equity of 24.98%. The company had revenue of $754.10 million during the quarter, compared to the consensus estimate of $805.92 million. During the same period last year, the firm posted $0.54 earnings per share. The company’s revenue for the quarter was up .6% on a year-over-year basis.
A number of equities analysts have recently commented on the stock. Zacks Investment Research raised shares of A. O. Smith from a “sell” rating to a “hold” rating in a report on Wednesday, November 21st. Stephens started coverage on shares of A. O. Smith in a research report on Monday, November 19th. They issued an “equal weight” rating and a $50.00 price objective for the company. Robert W. Baird dropped their price objective on shares of A. O. Smith from $68.00 to $58.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 10th. BMO Capital Markets dropped their price target on shares of A. O. Smith from $73.00 to $66.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 31st. Finally, Oppenheimer restated a “hold” rating on shares of A. O. Smith in a report on Tuesday, September 18th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. A. O. Smith currently has a consensus rating of “Hold” and an average price target of $64.00.
AOS traded down $0.69 during midday trading on Friday, hitting $43.91. The company had a trading volume of 1,220,729 shares, compared to its average volume of 1,486,624. A. O. Smith has a 52 week low of $40.34 and a 52 week high of $68.39. The company has a current ratio of 2.16, a quick ratio of 1.75 and a debt-to-equity ratio of 0.11. The company has a market cap of $7.58 billion, a P/E ratio of 20.24, a price-to-earnings-growth ratio of 1.54 and a beta of 1.45.
The business also recently announced a quarterly dividend, which was paid on Thursday, November 15th. Stockholders of record on Wednesday, October 31st were given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.00%. This is a boost from A. O. Smith’s previous quarterly dividend of $0.18. The ex-dividend date was Tuesday, October 30th. A. O. Smith’s dividend payout ratio (DPR) is currently 40.55%.
In related news, Director Paul W. Jones sold 9,000 shares of A. O. Smith stock in a transaction dated Tuesday, November 13th. The shares were sold at an average price of $45.99, for a total transaction of $413,910.00. Following the completion of the transaction, the director now directly owns 200,967 shares of the company’s stock, valued at approximately $9,242,472.33. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 1.28% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Marshall Wace North America L.P. bought a new stake in shares of A. O. Smith during the third quarter worth $4,551,000. Marshall Wace LLP bought a new stake in shares of A. O. Smith during the 3rd quarter valued at about $31,802,000. Vanguard Group Inc. boosted its stake in shares of A. O. Smith by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 15,880,701 shares of the industrial products company’s stock valued at $847,553,000 after purchasing an additional 151,373 shares in the last quarter. Morgan Stanley boosted its stake in shares of A. O. Smith by 24.3% during the 3rd quarter. Morgan Stanley now owns 4,323,398 shares of the industrial products company’s stock valued at $230,740,000 after purchasing an additional 845,117 shares in the last quarter. Finally, Legal & General Group Plc boosted its stake in shares of A. O. Smith by 9.2% during the 3rd quarter. Legal & General Group Plc now owns 279,504 shares of the industrial products company’s stock valued at $14,917,000 after purchasing an additional 23,553 shares in the last quarter. 77.02% of the stock is owned by institutional investors.
About A. O. Smith
A. O. Smith Corporation manufactures and markets residential and commercial gas and electric water heaters, boilers, and water treatment products in North America, China, Europe, and India. The company offers water heaters for residences, restaurants, hotels and motels, office buildings, laundries, car washes, and small businesses; residential and commercial boilers for use in space heating applications for hospitals, schools, hotels, and other large commercial buildings; and water treatment products, including on-the-go filtration bottles, point-of-use carbon and reverse osmosis products, point-of-entry water softeners, and whole-home water filtrations products for residences, restaurants, hotels, and offices.
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