Zacks Research Forecasts A. O. Smith FY2024 Earnings

A. O. Smith Co. (NYSE:AOS) – Investment analysts at Zacks Research issued their FY2024 EPS estimates for shares of A. O. Smith in a research note issued on Tuesday, November 12th. Zacks Research analyst R. Department expects that the industrial products company will earn $3.78 per share for the year. The consensus estimate for A. O. Smith’s current full-year earnings is $3.78 per share. Zacks Research also issued estimates for A. O. Smith’s Q1 2025 earnings at $0.98 EPS, Q4 2025 earnings at $0.98 EPS, Q1 2026 earnings at $1.05 EPS, Q2 2026 earnings at $1.18 EPS and FY2026 earnings at $4.39 EPS.

AOS has been the subject of a number of other reports. StockNews.com upgraded A. O. Smith from a “hold” rating to a “buy” rating in a report on Thursday, November 7th. Robert W. Baird lowered their price objective on shares of A. O. Smith from $82.00 to $81.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. Stifel Nicolaus cut their target price on shares of A. O. Smith from $92.00 to $91.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. UBS Group raised shares of A. O. Smith from a “sell” rating to a “neutral” rating and raised their price target for the company from $75.00 to $80.00 in a research report on Wednesday, October 23rd. Finally, DA Davidson lowered A. O. Smith from a “buy” rating to a “neutral” rating and set a $80.00 price objective on the stock. in a research report on Wednesday, October 23rd. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $86.71.

A. O. Smith Trading Down 0.1 %

Shares of NYSE AOS opened at $73.03 on Friday. The company has a current ratio of 1.67, a quick ratio of 1.02 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $10.59 billion, a PE ratio of 19.22, a PEG ratio of 1.94 and a beta of 1.17. A. O. Smith has a twelve month low of $72.62 and a twelve month high of $92.44. The stock has a fifty day simple moving average of $80.68 and a 200-day simple moving average of $82.32.

A. O. Smith (NYSE:AOS) last posted its earnings results on Tuesday, October 22nd. The industrial products company reported $0.82 earnings per share for the quarter, meeting the consensus estimate of $0.82. A. O. Smith had a net margin of 14.41% and a return on equity of 30.09%. The firm had revenue of $957.80 million during the quarter, compared to the consensus estimate of $960.36 million. During the same quarter last year, the firm earned $0.90 EPS.

Institutional Investors Weigh In On A. O. Smith

Several institutional investors have recently added to or reduced their stakes in AOS. Northwestern Mutual Wealth Management Co. grew its holdings in shares of A. O. Smith by 7.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,007 shares of the industrial products company’s stock worth $164,000 after purchasing an additional 134 shares during the last quarter. Huntington National Bank increased its position in A. O. Smith by 19.8% during the third quarter. Huntington National Bank now owns 812 shares of the industrial products company’s stock worth $73,000 after buying an additional 134 shares during the period. UMB Bank n.a. boosted its holdings in shares of A. O. Smith by 12.5% in the third quarter. UMB Bank n.a. now owns 1,227 shares of the industrial products company’s stock valued at $110,000 after acquiring an additional 136 shares during the period. Algebris UK Ltd increased its holdings in shares of A. O. Smith by 2.3% in the 1st quarter. Algebris UK Ltd now owns 6,109 shares of the industrial products company’s stock valued at $506,000 after acquiring an additional 140 shares during the period. Finally, Gateway Investment Advisers LLC boosted its stake in A. O. Smith by 5.0% during the 3rd quarter. Gateway Investment Advisers LLC now owns 2,989 shares of the industrial products company’s stock worth $269,000 after purchasing an additional 142 shares during the period. Hedge funds and other institutional investors own 76.10% of the company’s stock.

A. O. Smith Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 1.86%. The ex-dividend date is Thursday, October 31st. This is a positive change from A. O. Smith’s previous quarterly dividend of $0.32. A. O. Smith’s dividend payout ratio (DPR) is 35.79%.

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.