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

A. O. Smith (NYSE:AOS) is scheduled to be releasing its earnings data before the market opens on Tuesday, October 22nd. Analysts expect A. O. Smith to post earnings of $0.94 per share for the quarter. A. O. Smith has set its FY 2024 guidance at 3.950-4.100 EPS and its FY24 guidance at $3.95-4.10 EPS.Persons that wish to listen to the company’s earnings conference call can do so using this link.

A. O. Smith (NYSE:AOS) last announced its quarterly earnings results on Tuesday, July 23rd. The industrial products company reported $1.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.01). A. O. Smith had a net margin of 14.67% and a return on equity of 31.04%. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1 billion. During the same quarter in the prior year, the firm posted $1.01 earnings per share. The business’s revenue was up 6.6% on a year-over-year basis. 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 Price Performance

AOS opened at $78.75 on Monday. The company has a market capitalization of $11.49 billion, a PE ratio of 20.30, a price-to-earnings-growth ratio of 2.43 and a beta of 1.15. The firm has a 50-day simple moving average of $82.67 and a two-hundred day simple moving average of $83.68. The company has a quick ratio of 1.07, a current ratio of 1.70 and a debt-to-equity ratio of 0.07. A. O. Smith has a 52 week low of $65.08 and a 52 week high of $92.44.

A. O. Smith Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be given a $0.34 dividend. This is an increase from A. O. Smith’s previous quarterly dividend of $0.32. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date is Thursday, October 31st. A. O. Smith’s payout ratio is currently 32.99%.

Analyst Upgrades and Downgrades

AOS has been the topic of a number of research reports. Stifel Nicolaus raised A. O. Smith from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $97.00 to $98.00 in a research note on Wednesday, July 24th. UBS Group upped their price target on shares of A. O. Smith from $73.00 to $75.00 and gave the company a “sell” rating in a research note on Monday, July 8th. StockNews.com upgraded shares of A. O. Smith from a “hold” rating to a “buy” rating in a research report on Friday. Finally, Robert W. Baird reduced their target price on shares of A. O. Smith from $92.00 to $90.00 and set a “neutral” rating on the stock in a report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $89.67.

Insider Buying and Selling

In related news, SVP Samuel M. Carver sold 14,705 shares of the company’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $81.00, for a total transaction of $1,191,105.00. Following the transaction, the senior vice president now directly owns 2,399 shares in the company, valued at approximately $194,319. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.70% of the stock is owned by corporate insiders.

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.