A. O. Smith (NYSE:AOS) posted its earnings results on Tuesday. The industrial products company reported $0.61 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.03), Briefing.com reports. A. O. Smith had a return on equity of 25.01% and a net margin of 13.81%. The business had revenue of $765.40 million during the quarter, compared to the consensus estimate of $812.29 million. During the same quarter last year, the firm earned $0.61 earnings per share. The business’s quarterly revenue was down 8.1% on a year-over-year basis. A. O. Smith updated its FY 2019 guidance to $2.35-2.41 EPS and its FY19 guidance to $2.35-$2.41 EPS.
NYSE:AOS traded up $0.16 during mid-day trading on Wednesday, hitting $45.45. 5,941,400 shares of the stock traded hands, compared to its average volume of 1,824,429. The stock has a market cap of $7.54 billion, a PE ratio of 17.41, a price-to-earnings-growth ratio of 1.93 and a beta of 1.56. A. O. Smith has a 52 week low of $40.34 and a 52 week high of $61.08. The stock has a 50 day moving average price of $45.44. The company has a quick ratio of 1.82, a current ratio of 2.25 and a debt-to-equity ratio of 0.18.
The company also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Wednesday, July 31st will be issued a dividend of $0.22 per share. The ex-dividend date is Tuesday, July 30th. This represents a $0.88 annualized dividend and a yield of 1.94%. A. O. Smith’s payout ratio is 33.72%.
A. O. Smith declared that its Board of Directors has approved a stock repurchase plan on Monday, June 3rd that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits the industrial products company to purchase up to 4.3% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.
AOS has been the topic of a number of research reports. Edward Jones downgraded shares of A. O. Smith from a “buy” rating to a “hold” rating in a report on Monday, May 20th. Boenning Scattergood downgraded shares of A. O. Smith from an “outperform” rating to a “neutral” rating and set a $52.98 target price on the stock. in a report on Wednesday, May 1st. ValuEngine downgraded shares of A. O. Smith from a “hold” rating to a “sell” rating in a report on Tuesday, May 14th. Robert W. Baird boosted their target price on shares of A. O. Smith from $56.00 to $62.00 and gave the stock an “outperform” rating in a report on Wednesday, April 10th. Finally, DA Davidson reduced their target price on shares of A. O. Smith to $58.00 and set a “buy” rating on the stock in a report on Friday, June 7th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $54.25.
A. O. Smith Company Profile
A. O. Smith Corporation manufactures and markets residential and commercial gas and electric water heaters, boilers, tanks, and water treatment products in North America, China, Europe, and India. It operates through two segments, North America and Rest of World. The company offers water heaters for residences, restaurants, hotels and motels, office buildings, laundries, car washes, and small businesses; residential and commercial boilers for space heating applications in hospitals, schools, hotels, and other 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 filtration products for residences, restaurants, hotels, and offices.
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