A. O. Smith Co. (NYSE:AOS) Expected to Announce Earnings of $0.57 Per Share

Brokerages expect A. O. Smith Co. (NYSE:AOS) to report earnings per share of $0.57 for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for A. O. Smith’s earnings. The highest EPS estimate is $0.62 and the lowest is $0.53. A. O. Smith reported earnings of $0.32 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 78.1%. The business is expected to report its next quarterly earnings results on Tuesday, May 4th.

According to Zacks, analysts expect that A. O. Smith will report full-year earnings of $2.50 per share for the current year, with EPS estimates ranging from $2.20 to $2.67. For the next fiscal year, analysts expect that the firm will report earnings of $2.83 per share, with EPS estimates ranging from $2.75 to $2.94. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow A. O. Smith.

A. O. Smith (NYSE:AOS) last issued its earnings results on Wednesday, January 27th. The industrial products company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.15. A. O. Smith had a return on equity of 19.29% and a net margin of 11.25%. The company had revenue of $834.50 million for the quarter, compared to the consensus estimate of $769.10 million. During the same quarter in the prior year, the company earned $0.56 EPS. The firm’s quarterly revenue was up 11.1% on a year-over-year basis.

Several analysts have issued reports on AOS shares. DA Davidson restated a “buy” rating on shares of A. O. Smith in a research report on Tuesday, February 2nd. Rosenblatt Securities lifted their target price on A. O. Smith from $65.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, February 1st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $52.00.

In related news, Director Idelle K. Wolf sold 1,970 shares of the firm’s stock in a transaction that occurred on Tuesday, February 9th. The stock was sold at an average price of $61.64, for a total transaction of $121,430.80. Following the completion of the transaction, the director now owns 7,642 shares in the company, valued at approximately $471,052.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Robert J. Heideman sold 7,336 shares of the business’s stock in a transaction on Wednesday, February 10th. The shares were sold at an average price of $61.02, for a total value of $447,642.72. Following the completion of the sale, the vice president now directly owns 16,059 shares in the company, valued at approximately $979,920.18. The disclosure for this sale can be found here. In the last three months, insiders sold 10,306 shares of company stock worth $625,444. 0.29% of the stock is currently owned by insiders.

Large investors have recently modified their holdings of the company. Canada Pension Plan Investment Board bought a new stake in shares of A. O. Smith in the 4th quarter worth about $27,000. Signaturefd LLC lifted its holdings in A. O. Smith by 67.7% during the 4th quarter. Signaturefd LLC now owns 520 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 210 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in A. O. Smith in the fourth quarter valued at about $29,000. Alpha Paradigm Partners LLC bought a new stake in A. O. Smith during the fourth quarter worth about $51,000. Finally, Vantage Consulting Group Inc acquired a new stake in shares of A. O. Smith during the fourth quarter worth approximately $57,000. Institutional investors own 75.05% of the company’s stock.

Shares of NYSE:AOS traded down $0.52 during midday trading on Tuesday, hitting $61.33. The company’s stock had a trading volume of 16,456 shares, compared to its average volume of 1,261,947. The stock has a market capitalization of $9.92 billion, a price-to-earnings ratio of 31.72, a PEG ratio of 2.67 and a beta of 1.06. A. O. Smith has a fifty-two week low of $33.81 and a fifty-two week high of $61.96. The stock’s 50 day simple moving average is $57.75 and its 200 day simple moving average is $54.39. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.40 and a current ratio of 1.77.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 16th. Stockholders of record on Friday, January 29th were given a dividend of $0.26 per share. The ex-dividend date was Thursday, January 28th. This represents a $1.04 annualized dividend and a dividend yield of 1.70%. A. O. Smith’s dividend payout ratio (DPR) is currently 46.85%.

About A. O. Smith

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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Earnings History and Estimates for A. O. Smith (NYSE:AOS)

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