Zacks: Brokerages Expect A. O. Smith Corp (AOS) Will Announce Quarterly Sales of $763.10 Million

Share on StockTwits

Wall Street brokerages forecast that A. O. Smith Corp (NYSE:AOS) will report sales of $763.10 million for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have made estimates for A. O. Smith’s earnings, with estimates ranging from $742.10 million to $791.40 million. A. O. Smith posted sales of $788.00 million in the same quarter last year, which suggests a negative year over year growth rate of 3.2%. The business is scheduled to announce its next earnings results on Wednesday, April 24th.

According to Zacks, analysts expect that A. O. Smith will report full year sales of $3.23 billion for the current fiscal year, with estimates ranging from $3.21 billion to $3.27 billion. For the next year, analysts anticipate that the business will report sales of $3.40 billion, with estimates ranging from $3.36 billion to $3.47 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover A. O. Smith.

A. O. Smith (NYSE:AOS) last released its quarterly earnings results on Tuesday, January 29th. The industrial products company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.03. A. O. Smith had a net margin of 13.93% and a return on equity of 26.00%. The firm had revenue of $812.50 million during the quarter, compared to analysts’ expectations of $821.35 million. During the same period in the previous year, the company earned $0.60 EPS. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year.

AOS has been the subject of a number of recent analyst reports. Stephens initiated coverage on shares of A. O. Smith in a research note on Monday, November 19th. They set an “equal weight” rating and a $50.00 price target for the company. Zacks Investment Research raised shares of A. O. Smith from a “sell” rating to a “hold” rating in a research note on Wednesday, November 21st. ValuEngine raised shares of A. O. Smith from a “sell” rating to a “hold” rating in a research note on Wednesday, December 26th. Boenning Scattergood reaffirmed a “buy” rating on shares of A. O. Smith in a research note on Tuesday, January 29th. Finally, Oppenheimer reaffirmed a “hold” rating on shares of A. O. Smith in a research note on Tuesday, January 29th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $62.30.

In other A. O. Smith news, insider Wallace E. Goodwin sold 13,200 shares of the business’s stock in a transaction dated Wednesday, February 6th. The shares were sold at an average price of $50.02, for a total value of $660,264.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul W. Jones sold 20,000 shares of the business’s stock in a transaction dated Friday, February 8th. The shares were sold at an average price of $49.00, for a total transaction of $980,000.00. Following the completion of the sale, the director now directly owns 180,967 shares of the company’s stock, valued at $8,867,383. The disclosure for this sale can be found here. Over the last three months, insiders sold 38,036 shares of company stock valued at $1,879,646. 1.03% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. Private Capital Group LLC boosted its position in A. O. Smith by 12.5% in the 4th quarter. Private Capital Group LLC now owns 2,080 shares of the industrial products company’s stock valued at $89,000 after buying an additional 231 shares during the period. First Hawaiian Bank lifted its position in shares of A. O. Smith by 1.5% in the 4th quarter. First Hawaiian Bank now owns 15,637 shares of the industrial products company’s stock worth $667,000 after purchasing an additional 237 shares during the period. Lbmc Investment Advisors LLC lifted its position in shares of A. O. Smith by 0.5% in the 4th quarter. Lbmc Investment Advisors LLC now owns 55,640 shares of the industrial products company’s stock worth $2,376,000 after purchasing an additional 263 shares during the period. ETF Managers Group LLC lifted its position in shares of A. O. Smith by 15.8% in the 4th quarter. ETF Managers Group LLC now owns 2,050 shares of the industrial products company’s stock worth $88,000 after purchasing an additional 279 shares during the period. Finally, Bath Savings Trust Co lifted its position in shares of A. O. Smith by 6.5% in the 4th quarter. Bath Savings Trust Co now owns 7,085 shares of the industrial products company’s stock worth $302,000 after purchasing an additional 435 shares during the period. 74.99% of the stock is owned by institutional investors.

Shares of AOS stock traded up $0.35 during trading hours on Tuesday, reaching $51.32. 3,047,517 shares of the stock were exchanged, compared to its average volume of 1,730,444. A. O. Smith has a 12-month low of $40.34 and a 12-month high of $66.48. The company has a current ratio of 2.09, a quick ratio of 1.70 and a debt-to-equity ratio of 0.13. The stock has a market cap of $8.66 billion, a PE ratio of 19.66, a P/E/G ratio of 1.68 and a beta of 1.39.

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 15th. Shareholders of record on Thursday, January 31st were given a $0.22 dividend. The ex-dividend date of this dividend was Wednesday, January 30th. This represents a $0.88 annualized dividend and a yield of 1.71%. A. O. Smith’s dividend payout ratio (DPR) is 33.72%.

A. O. Smith Company Profile

A. O. Smith Corporation manufactures and markets residential and commercial gas and electric water heaters, boilers, tanks, and water treatment products in North America, China, Europe, and India. It operates through two segments, North America and Rest of World. The company offers water heaters for residences, restaurants, hotels and motels, office buildings, laundries, car washes, and small businesses; residential and commercial boilers for space heating applications in hospitals, schools, hotels, and other commercial buildings; and water treatment products, including on-the-go filtration bottles, point-of-use carbon and reverse osmosis products, point-of-entry water softeners, and whole-home water filtration products for residences, restaurants, hotels, and offices.

Featured Story: What is the yield curve?

Get a free copy of the Zacks research report on A. O. Smith (AOS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for A. O. Smith (NYSE:AOS)

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.