Somewhat Positive Press Coverage Somewhat Unlikely to Affect Smith (A.O.) Corporation (AOS) Share Price
News coverage about Smith (A.O.) Corporation (NYSE:AOS) has been trending somewhat positive recently, according to Accern Sentiment. The research firm identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Smith (A.O.) Corporation earned a media sentiment score of 0.22 on Accern’s scale. Accern also gave headlines about the industrial products company an impact score of 46.6065109487301 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the headlines that may have effected Accern Sentiment’s analysis:
- Research Ratings: Microsoft Corporation (MSFT), AO Smith Corporation (AOS) – XNewsPress (xnewspress.com)
- A. O. Smith Corp. breached its 50 day moving average in a Bullish Manner : AOS-US : September 1, 2017 (finance.yahoo.com)
- AO Smith Corp (AOS) A Look Inside the Technicals – Evergreen Caller (evergreencaller.com)
- Invesco Mortgage Capital Inc. (IVR) noted a price change of -0.06% and AO Smith Corporation (AOS) closes with a … – Stocks Gallery (stocksgallery.com)
- A Few Clear Signs For AO Smith Corporation (AOS), Stryker Corporation (SYK) – AllStockNews (allstocknews.com)
Smith (NYSE AOS) opened at 55.79 on Friday. The company has a 50-day moving average of $54.79 and a 200-day moving average of $53.58. Smith has a 52 week low of $43.66 and a 52 week high of $57.97. The firm has a market cap of $9.63 billion, a price-to-earnings ratio of 28.32 and a beta of 1.51.
Smith (A.O.) Corporation (NYSE:AOS) last posted its earnings results on Wednesday, July 26th. The industrial products company reported $0.53 earnings per share for the quarter, hitting the consensus estimate of $0.53. The firm had revenue of $738.20 million during the quarter, compared to the consensus estimate of $729.33 million. Smith (A.O.) Corporation had a net margin of 12.10% and a return on equity of 22.25%. The company’s revenue was up 10.7% on a year-over-year basis. During the same quarter last year, the company earned $0.49 earnings per share. Equities research analysts forecast that Smith will post $2.11 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Monday, July 31st were paid a $0.14 dividend. The ex-dividend date was Thursday, July 27th. This represents a $0.56 annualized dividend and a dividend yield of 1.00%. Smith (A.O.) Corporation’s payout ratio is 28.43%.
A number of research analysts recently commented on the stock. Jefferies Group LLC reiterated a “buy” rating on shares of Smith (A.O.) Corporation in a research note on Friday, July 14th. BidaskClub lowered shares of Smith (A.O.) Corporation from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Boenning Scattergood reiterated a “buy” rating on shares of Smith (A.O.) Corporation in a research note on Wednesday, July 26th. Zacks Investment Research lowered shares of Smith (A.O.) Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $60.00 price target on shares of Smith (A.O.) Corporation in a research note on Friday, July 28th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Smith (A.O.) Corporation has an average rating of “Buy” and a consensus price target of $66.83.
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In other news, Director Paul W. Jones sold 60,000 shares of Smith (A.O.) Corporation stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $54.02, for a total value of $3,241,200.00. Following the completion of the transaction, the director now owns 277,465 shares in the company, valued at $14,988,659.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.27% of the stock is owned by company insiders.
About Smith (A.O.) Corporation
A. O. Smith Corporation operates through two segments: North America and Rest of World. The Company’s Rest of World segment primarily consists of China, Europe and India. Both segments manufacture and market comprehensive lines of residential and commercial gas, gas tankless and electric water heaters, as well as water treatment products.
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