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.
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.
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