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

A. O. Smith (NYSE:AOS) is scheduled to be releasing 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.Individual interested in registering for the company’s earnings conference call can do so using this link.

A. O. Smith (NYSE:AOS) last issued its quarterly earnings results on Tuesday, January 30th. The industrial products company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.96 by $0.01. The firm had revenue of $988.10 million during the quarter, compared to analyst estimates of $985.89 million. A. O. Smith had a net margin of 14.45% and a return on equity of 31.05%. A. O. Smith’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.86 earnings per share. 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 %

Shares of AOS opened at $86.89 on Tuesday. The firm has a market cap 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 company has a quick ratio of 1.06, a current ratio of 1.59 and a debt-to-equity ratio of 0.06. The company’s fifty day moving average is $85.33 and its two-hundred day moving average is $79.53. A. O. Smith has a fifty-two week low of $63.88 and a fifty-two week high of $89.96.

A. O. Smith Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be issued a $0.32 dividend. 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 currently 34.59%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on AOS shares. Oppenheimer restated a “market perform” rating on shares of A. O. Smith in a report on Thursday, April 18th. StockNews.com cut shares of A. O. Smith from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 6th. Citigroup raised their target price on shares of A. O. Smith from $82.00 to $95.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. Stifel Nicolaus upped their price target on A. O. Smith from $85.00 to $91.00 and gave the stock a “hold” rating in a report on Wednesday, April 17th. Finally, Jefferies Financial Group upped their target price on shares of 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 investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, A. O. Smith currently has a consensus rating of “Hold” and an average target price of $88.50.

Insider Buying and Selling

In other A. O. Smith news, Director Ajita G. Rajendra sold 24,669 shares of the company’s stock in a transaction that occurred on 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 sale, the director now owns 56,951 shares in the company, valued at $4,728,072.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other A. O. Smith news, VP Robert J. Heideman sold 9,890 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $84.63, for a total value of $836,990.70. Following the transaction, the vice president now owns 9,455 shares of the company’s stock, valued at $800,176.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ajita G. Rajendra sold 24,669 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $83.02, for a total value of $2,048,020.38. Following the transaction, the director now directly owns 56,951 shares of the company’s stock, valued at $4,728,072.02. The disclosure for this sale can be found here. Over the last quarter, insiders sold 95,631 shares of company stock worth $8,042,535. Insiders own 2.70% of the company’s stock.

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.