Brokerages Expect A. O. Smith Corp (AOS) Will Announce Quarterly Sales of $825.89 Million

Analysts predict that A. O. Smith Corp (NYSE:AOS) will announce $825.89 million in sales for the current quarter, according to Zacks. Seven analysts have provided estimates for A. O. Smith’s earnings. The lowest sales estimate is $796.90 million and the highest is $841.00 million. A. O. Smith reported sales of $768.60 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 7.5%. The firm is scheduled to report its next quarterly earnings results on Tuesday, January 29th.

According to Zacks, analysts expect that A. O. Smith will report full year sales of $3.20 billion for the current year, with estimates ranging from $3.17 billion to $3.22 billion. For the next year, analysts forecast that the company will post sales of $3.37 billion, with estimates ranging from $3.30 billion to $3.42 billion. Zacks’ sales calculations are an average based on a survey of research analysts that follow A. O. Smith.

A. O. Smith (NYSE:AOS) last posted its quarterly earnings data on Tuesday, October 30th. The industrial products company reported $0.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.02). A. O. Smith had a return on equity of 24.98% and a net margin of 10.83%. The company had revenue of $754.10 million for the quarter, compared to analysts’ expectations of $805.92 million. During the same quarter last year, the business posted $0.54 EPS. The business’s quarterly revenue was up .6% on a year-over-year basis.

A number of analysts recently issued reports on AOS shares. Stephens started coverage on shares of A. O. Smith in a report on Monday, November 19th. They set an “equal weight” rating and a $50.00 price objective for the company. Zacks Investment Research upgraded shares of A. O. Smith from a “sell” rating to a “hold” rating in a report on Wednesday, November 21st. Oppenheimer restated a “hold” rating on shares of A. O. Smith in a report on Tuesday, September 18th. Robert W. Baird decreased their price objective on shares of A. O. Smith from $68.00 to $58.00 and set an “outperform” rating for the company in a report on Wednesday, October 10th. Finally, BMO Capital Markets decreased their price objective on shares of A. O. Smith from $73.00 to $66.00 and set an “outperform” rating for the company in a report on Wednesday, October 31st. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. A. O. Smith currently has an average rating of “Hold” and an average price target of $64.00.

NYSE AOS opened at $43.91 on Monday. A. O. Smith has a 52-week low of $40.34 and a 52-week high of $68.39. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.16 and a quick ratio of 1.75. The stock has a market cap of $7.46 billion, a P/E ratio of 20.24, a P/E/G ratio of 1.51 and a beta of 1.45.

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 15th. Stockholders of record on Wednesday, October 31st were paid a $0.22 dividend. This is an increase from A. O. Smith’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Tuesday, October 30th. This represents a $0.88 annualized dividend and a dividend yield of 2.00%. A. O. Smith’s dividend payout ratio (DPR) is presently 40.55%.

In other 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 value of $413,910.00. Following the completion of the transaction, the director now owns 200,967 shares in the company, valued at $9,242,472.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.28% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of A. O. Smith by 1.0% in the third quarter. Vanguard Group Inc. now owns 15,880,701 shares of the industrial products company’s stock worth $847,553,000 after purchasing an additional 151,373 shares in the last quarter. BlackRock Inc. grew its stake in A. O. Smith by 1.1% during the second quarter. BlackRock Inc. now owns 10,212,252 shares of the industrial products company’s stock valued at $604,055,000 after acquiring an additional 112,242 shares in the last quarter. Janus Henderson Group PLC grew its stake in A. O. Smith by 0.5% during the second quarter. Janus Henderson Group PLC now owns 7,008,473 shares of the industrial products company’s stock valued at $414,554,000 after acquiring an additional 36,879 shares in the last quarter. Brown Advisory Inc. grew its stake in A. O. Smith by 11.6% during the third quarter. Brown Advisory Inc. now owns 5,170,181 shares of the industrial products company’s stock valued at $275,932,000 after acquiring an additional 537,803 shares in the last quarter. Finally, Morgan Stanley grew its stake in A. O. Smith by 24.3% during the third quarter. Morgan Stanley now owns 4,323,398 shares of the industrial products company’s stock valued at $230,740,000 after acquiring an additional 845,117 shares in the last quarter. Hedge funds and other institutional investors own 77.02% 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, 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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