A. O. Smith (AOS) to Release Earnings on Thursday

A. O. Smith (NYSE:AOS) will release its earnings data before the market opens on Thursday, April 25th. Analysts expect A. O. Smith to post earnings of $0.98 per share for the quarter. A. O. Smith has set its FY 2024 guidance at 3.900-4.150 EPS and its FY24 guidance at $3.90-$4.15 EPS.Investors interested in registering for the company’s conference call can do so using this link.

A. O. Smith (NYSE:AOS) last announced its quarterly earnings results on Tuesday, January 30th. The industrial products company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.01. A. O. Smith had a net margin of 14.45% and a return on equity of 31.05%. The company had revenue of $988.10 million for the quarter, compared to the consensus estimate of $985.89 million. During the same period in the previous year, the firm posted $0.86 EPS. A. O. Smith’s revenue for the quarter was up 5.6% compared to the same quarter last year. On average, analysts expect A. O. Smith to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

A. O. Smith Stock Up 1.0 %

AOS opened at $86.89 on Tuesday. The company has a market capitalization of $12.79 billion, a PE ratio of 23.48, a price-to-earnings-growth ratio of 2.33 and a beta of 1.25. The firm has a 50-day simple moving average of $85.33 and a two-hundred day simple moving average of $79.53. The company has a quick ratio of 1.06, a current ratio of 1.59 and a debt-to-equity ratio of 0.06. A. O. Smith has a 52 week low of $63.88 and a 52 week high of $89.96.

A. O. Smith Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date is Monday, April 29th. A. O. Smith’s payout ratio is presently 34.59%.

Insider Activity at A. O. Smith

In other A. O. Smith news, Director Idelle K. Wolf sold 814 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $80.00, for a total transaction of $65,120.00. Following the completion of the transaction, the director now owns 46,140 shares in the company, valued at $3,691,200. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Idelle K. Wolf sold 814 shares of the company’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $80.00, for a total value of $65,120.00. Following the transaction, the director now directly owns 46,140 shares in the company, valued at $3,691,200. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Ajita G. Rajendra sold 24,669 shares of the firm’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $83.02, for a total transaction of $2,048,020.38. Following the completion of the transaction, the director now directly owns 56,951 shares in the company, valued at approximately $4,728,072.02. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 95,631 shares of company stock worth $8,042,535. Insiders own 2.70% of the company’s stock.

Analyst Upgrades and Downgrades

AOS has been the topic of several recent research reports. Stifel Nicolaus upped their price objective on A. O. Smith from $85.00 to $91.00 and gave the stock a “hold” rating in a report on Wednesday, April 17th. Citigroup boosted their target price on shares of A. O. Smith from $82.00 to $95.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Oppenheimer reaffirmed a “market perform” rating on shares of A. O. Smith in a report on Thursday, April 18th. StockNews.com cut A. O. Smith from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 6th. Finally, Jefferies Financial Group raised their price objective on A. O. Smith from $85.00 to $90.00 and gave the company a “hold” rating in a research note on Friday, April 12th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $88.50.

A. O. Smith Company Profile

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.