Zacks Research Comments on A. O. Smith FY2024 Earnings

A. O. Smith Co. (NYSE:AOS) – Research analysts at Zacks Research issued their FY2024 EPS estimates for shares of A. O. Smith in a research note issued on Tuesday, November 12th. Zacks Research analyst R. Department anticipates that the industrial products company will post earnings per share of $3.78 for the year. The consensus estimate for A. O. Smith’s current full-year earnings is $3.78 per share. Zacks Research also issued estimates for A. O. Smith’s Q1 2025 earnings at $0.98 EPS, Q4 2025 earnings at $0.98 EPS, Q1 2026 earnings at $1.05 EPS, Q2 2026 earnings at $1.18 EPS and FY2026 earnings at $4.39 EPS.

A number of other analysts have also commented on the stock. DA Davidson lowered shares of A. O. Smith from a “buy” rating to a “neutral” rating and set a $80.00 price objective for the company. in a research note on Wednesday, October 23rd. Robert W. Baird decreased their price objective on shares of A. O. Smith from $82.00 to $81.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. StockNews.com raised shares of A. O. Smith from a “hold” rating to a “buy” rating in a research note on Thursday, November 7th. UBS Group raised A. O. Smith from a “sell” rating to a “neutral” rating and raised their target price for the stock from $75.00 to $80.00 in a research report on Wednesday, October 23rd. Finally, Stifel Nicolaus lowered their price target on A. O. Smith from $92.00 to $91.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, A. O. Smith presently has a consensus rating of “Hold” and an average target price of $86.71.

A. O. Smith Trading Down 1.1 %

Shares of NYSE:AOS opened at $72.23 on Friday. The stock has a market capitalization of $10.47 billion, a price-to-earnings ratio of 19.01, a PEG ratio of 1.94 and a beta of 1.17. A. O. Smith has a 1-year low of $72.15 and a 1-year high of $92.44. The company has a 50 day moving average price of $80.59 and a 200 day moving average price of $82.24. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.02 and a current ratio of 1.67.

A. O. Smith (NYSE:AOS) last posted its earnings results on Tuesday, October 22nd. The industrial products company reported $0.82 EPS for the quarter, meeting the consensus estimate of $0.82. The firm had revenue of $957.80 million for the quarter, compared to analysts’ expectations of $960.36 million. A. O. Smith had a return on equity of 30.09% and a net margin of 14.41%. During the same period last year, the firm earned $0.90 EPS.

A. O. Smith Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were paid a $0.34 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.88%. This is a boost from A. O. Smith’s previous quarterly dividend of $0.32. A. O. Smith’s payout ratio is 35.79%.

Hedge Funds Weigh In On A. O. Smith

A number of institutional investors and hedge funds have recently bought and sold shares of the business. University of Texas Texas AM Investment Management Co. bought a new position in shares of A. O. Smith in the 2nd quarter valued at about $25,000. Isthmus Partners LLC acquired a new position in A. O. Smith in the second quarter valued at approximately $27,000. Quarry LP boosted its stake in A. O. Smith by 214.9% in the second quarter. Quarry LP now owns 359 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 245 shares during the last quarter. Waldron Private Wealth LLC acquired a new stake in A. O. Smith during the 3rd quarter worth $32,000. Finally, Wolff Wiese Magana LLC bought a new stake in shares of A. O. Smith during the 3rd quarter valued at $37,000. Institutional investors and hedge funds own 76.10% of the company’s stock.

About A. O. Smith

A. O. Smith Corporation manufactures and markets residential and commercial gas and electric water heaters, boilers, heat pumps, tanks, and water treatment products in North America, China, Europe, and India. The company offers water heaters for residences, restaurants, hotels, office buildings, laundries, car washes, and small businesses; boilers for hospitals, schools, hotels, and other large commercial buildings, as well as homes, apartments, and condominiums; and water treatment products comprising point-of-entry water softeners, well water solutions, and whole-home water filtration products, and point-of-use carbon and reverse osmosis products for residences, restaurants, hotels, and offices.