A. O. Smith (NYSE:AOS) Announces Quarterly Earnings Results

A. O. Smith (NYSE:AOS) posted its earnings results on Tuesday. The industrial products company reported $1.06 EPS for the quarter, missing the consensus estimate of $1.07 by ($0.01), Briefing.com reports. The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1 billion. A. O. Smith had a net margin of 14.67% and a return on equity of 31.22%. A. O. Smith’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.01 earnings per share. A. O. Smith updated its FY 2024 guidance to 3.950-4.100 EPS and its FY24 guidance to $3.95-4.10 EPS.

A. O. Smith Trading Up 0.4 %

Shares of A. O. Smith stock opened at $80.76 on Thursday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.06 and a current ratio of 1.65. A. O. Smith has a 52 week low of $64.14 and a 52 week high of $92.44. The stock has a 50 day moving average price of $83.68 and a two-hundred day moving average price of $83.80. The stock has a market capitalization of $11.85 billion, a PE ratio of 20.92, a price-to-earnings-growth ratio of 2.20 and a beta of 1.15.

A. O. Smith Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st will be paid a $0.32 dividend. The ex-dividend date is Wednesday, July 31st. This represents a $1.28 dividend on an annualized basis and a yield of 1.58%. A. O. Smith’s dividend payout ratio (DPR) is presently 33.16%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on AOS shares. Jefferies Financial Group raised their price objective on A. O. Smith from $85.00 to $90.00 and gave the stock a “hold” rating in a research report on Friday, April 12th. Robert W. Baird lowered their price objective on A. O. Smith from $92.00 to $90.00 and set a “neutral” rating for the company in a research report on Wednesday. Citigroup raised their price objective on A. O. Smith from $82.00 to $95.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. UBS Group raised their price objective on A. O. Smith from $73.00 to $75.00 and gave the stock a “sell” rating in a research report on Monday, July 8th. Finally, Stifel Nicolaus upgraded A. O. Smith from a “hold” rating to a “buy” rating and raised their price objective for the stock from $97.00 to $98.00 in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $89.29.

About A. O. Smith

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.