$804.25 Million in Sales Expected for A. O. Smith Corp (AOS) This Quarter

Equities analysts predict that A. O. Smith Corp (NYSE:AOS) will announce $804.25 million in sales for the current quarter, according to Zacks Investment Research. Eight analysts have made estimates for A. O. Smith’s earnings. The lowest sales estimate is $789.20 million and the highest is $818.50 million. A. O. Smith posted sales of $749.90 million during the same quarter last year, which would indicate a positive year over year growth rate of 7.2%. The firm is scheduled to report its next quarterly earnings report before the market opens on Tuesday, October 30th.

According to Zacks, analysts expect that A. O. Smith will report full year sales of $3.27 billion for the current year, with estimates ranging from $3.24 billion to $3.29 billion. For the next financial year, analysts anticipate that the company will post sales of $3.52 billion, with estimates ranging from $3.45 billion to $3.59 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that follow A. O. Smith.

A. O. Smith (NYSE:AOS) last posted its quarterly earnings data on Wednesday, July 25th. The industrial products company reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.04. The business had revenue of $833.30 million during the quarter, compared to the consensus estimate of $811.72 million. A. O. Smith had a return on equity of 24.67% and a net margin of 10.50%. The firm’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.53 earnings per share.

A number of equities analysts have issued reports on AOS shares. Zacks Investment Research upgraded A. O. Smith from a “hold” rating to a “buy” rating and set a $66.00 price objective for the company in a report on Tuesday, August 7th. Goldman Sachs Group started coverage on A. O. Smith in a report on Tuesday, October 2nd. They issued a “sell” rating and a $50.00 price objective for the company. BMO Capital Markets reiterated a “buy” rating and issued a $73.00 price objective on shares of A. O. Smith in a report on Thursday, July 26th. Oppenheimer reiterated a “hold” rating on shares of A. O. Smith in a report on Tuesday, September 18th. Finally, Boenning Scattergood reissued a “buy” rating and issued a $75.00 target price on shares of A. O. Smith in a research note on Wednesday, July 25th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $66.63.

In other news, Director Paul W. Jones sold 4,591 shares of the stock in a transaction on Tuesday, August 21st. The stock was sold at an average price of $58.92, for a total value of $270,501.72. Following the sale, the director now directly owns 214,558 shares of the company’s stock, valued at $12,641,757.36. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.28% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Fort L.P. purchased a new stake in shares of A. O. Smith in the second quarter worth $116,000. Signet Financial Management LLC purchased a new stake in shares of A. O. Smith during the second quarter valued at $119,000. Captrust Financial Advisors boosted its position in shares of A. O. Smith by 83.6% during the second quarter. Captrust Financial Advisors now owns 2,264 shares of the industrial products company’s stock valued at $134,000 after buying an additional 1,031 shares during the last quarter. Tower Research Capital LLC TRC purchased a new stake in shares of A. O. Smith during the second quarter valued at $142,000. Finally, Federated Investors Inc. PA purchased a new stake in shares of A. O. Smith during the second quarter valued at $145,000. 74.99% of the stock is currently owned by hedge funds and other institutional investors.

AOS traded down $0.11 during trading on Friday, reaching $47.76. The stock had a trading volume of 2,876,525 shares, compared to its average volume of 1,244,176. The company has a current ratio of 2.15, a quick ratio of 1.77 and a debt-to-equity ratio of 0.14. The company has a market cap of $9.11 billion, a price-to-earnings ratio of 22.01, a price-to-earnings-growth ratio of 1.70 and a beta of 1.44. A. O. Smith has a one year low of $47.32 and a one year high of $68.39.

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Wednesday, October 31st will be paid a $0.22 dividend. This is a boost from A. O. Smith’s previous quarterly dividend of $0.18. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date of this dividend is Tuesday, October 30th. A. O. Smith’s dividend payout ratio is currently 33.18%.

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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