A. O. Smith (NYSE:AOS – Get Free Report) 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
View Our Latest Stock Analysis on A. O. Smith
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.
Featured Articles
- Five stocks we like better than A. O. Smith
- The Role Economic Reports Play in a Successful Investment Strategy
- Enphase Energy Stock: Growth in the Renewable Energy Transition
- High Flyers: 3 Natural Gas Stocks for March 2022
- ASML Stock Nearing Bottom: Is Now the Time to Buy?
- What to Know About Investing in Penny Stocks
- Earnings Season Sell-Off: Is This Tech Giant a Buy?
Receive News & Ratings for A. O. Smith Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for A. O. Smith and related companies with MarketBeat.com's FREE daily email newsletter.