Analysts expect Smith (A.O.) Corporation (NYSE:AOS) to post sales of $742.23 million for the current fiscal quarter, Zacks Investment Research reports. Nine analysts have made estimates for Smith (A.O.) Corporation’s earnings, with the lowest sales estimate coming in at $711.00 million and the highest estimate coming in at $756.00 million. Smith (A.O.) Corporation reported sales of $683.90 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 8.5%. The business is scheduled to announce its next earnings report before the market opens on Wednesday, October 25th.

According to Zacks, analysts expect that Smith (A.O.) Corporation will report full year sales of $742.23 million for the current year, with estimates ranging from $2.91 billion to $3.02 billion. For the next financial year, analysts anticipate that the company will post sales of $3.24 billion per share, with estimates ranging from $3.16 billion to $3.30 billion. Zacks’ sales averages are an average based on a survey of research analysts that cover Smith (A.O.) Corporation.

Smith (A.O.) Corporation (NYSE:AOS) last issued its quarterly earnings results on Wednesday, July 26th. The industrial products company reported $0.53 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.53. Smith (A.O.) Corporation had a net margin of 12.10% and a return on equity of 22.25%. The business had revenue of $738.20 million for the quarter, compared to analyst estimates of $729.33 million. During the same period in the previous year, the business posted $0.49 earnings per share. The business’s revenue was up 10.7% compared to the same quarter last year.

AOS has been the topic of several recent research reports. BMO Capital Markets reiterated a “buy” rating and issued a $60.00 price objective on shares of Smith (A.O.) Corporation in a research report on Friday, July 28th. Boenning Scattergood reiterated a “buy” rating on shares of Smith (A.O.) Corporation in a research report on Wednesday, July 26th. BidaskClub downgraded shares of Smith (A.O.) Corporation from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Jefferies Group LLC reiterated a “buy” rating on shares of Smith (A.O.) Corporation in a research report on Friday, July 14th. Finally, Robert W. Baird set a $61.00 price objective on shares of Smith (A.O.) Corporation and gave the company a “buy” rating in a research report on Thursday, August 24th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $60.00.

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In other Smith (A.O.) Corporation news, Director Paul W. Jones sold 60,000 shares of the firm’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $54.02, for a total transaction of $3,241,200.00. Following the transaction, the director now owns 277,465 shares of the company’s stock, valued at approximately $14,988,659.30. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.27% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in AOS. BlackRock Inc. increased its stake in Smith (A.O.) Corporation by 4,592.7% during the 1st quarter. BlackRock Inc. now owns 13,065,205 shares of the industrial products company’s stock valued at $668,415,000 after buying an additional 12,786,787 shares during the period. Janus Henderson Group PLC increased its stake in Smith (A.O.) Corporation by 49,147.8% during the 2nd quarter. Janus Henderson Group PLC now owns 7,631,439 shares of the industrial products company’s stock valued at $429,879,000 after buying an additional 7,615,943 shares during the period. Janus Capital Management LLC increased its stake in Smith (A.O.) Corporation by 18.5% during the 1st quarter. Janus Capital Management LLC now owns 8,349,956 shares of the industrial products company’s stock valued at $427,184,000 after buying an additional 1,306,490 shares during the period. State Street Corp increased its stake in Smith (A.O.) Corporation by 12.5% during the 1st quarter. State Street Corp now owns 7,049,020 shares of the industrial products company’s stock valued at $360,634,000 after buying an additional 781,403 shares during the period. Finally, Lord Abbett & CO. LLC increased its stake in Smith (A.O.) Corporation by 289.8% during the 2nd quarter. Lord Abbett & CO. LLC now owns 550,241 shares of the industrial products company’s stock valued at $30,995,000 after buying an additional 409,093 shares during the period. 74.00% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Smith (AOS) traded up 0.33% on Thursday, hitting $61.00. 562,007 shares of the stock were exchanged. The firm’s 50 day moving average price is $57.29 and its 200 day moving average price is $54.98. Smith has a one year low of $43.66 and a one year high of $61.24. The firm has a market cap of $10.52 billion, a price-to-earnings ratio of 30.96 and a beta of 1.50.

Smith (A.O.) Corporation Company Profile

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

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