Q1 2024 EPS Estimates for A. O. Smith Co. Boosted by Analyst (NYSE:AOS)

A. O. Smith Co. (NYSE:AOS) – Equities research analysts at Seaport Res Ptn upped their Q1 2024 earnings per share estimates for shares of A. O. Smith in a research report issued on Sunday, April 14th. Seaport Res Ptn analyst S. Graham now anticipates that the industrial products company will post earnings per share of $1.00 for the quarter, up from their prior estimate of $0.99. The consensus estimate for A. O. Smith’s current full-year earnings is $4.10 per share. Seaport Res Ptn also issued estimates for A. O. Smith’s Q2 2024 earnings at $1.11 EPS, FY2024 earnings at $4.13 EPS and Q1 2025 earnings at $1.06 EPS.

A. O. Smith (NYSE:AOS) last issued its quarterly earnings results on Tuesday, January 30th. The industrial products company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.01. The firm had revenue of $988.10 million during the quarter, compared to analyst estimates of $985.89 million. A. O. Smith had a return on equity of 31.05% and a net margin of 14.45%. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period last year, the company posted $0.86 EPS.

A number of other equities analysts have also issued reports on the company. Jefferies Financial Group increased their price target on A. O. Smith from $85.00 to $90.00 and gave the company a “hold” rating in a research note on Friday, April 12th. Citigroup raised their price objective on A. O. Smith from $82.00 to $95.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Stifel Nicolaus raised their price objective on A. O. Smith from $85.00 to $91.00 and gave the stock a “hold” rating in a research note on Wednesday. Finally, StockNews.com lowered A. O. Smith from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 6th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, A. O. Smith currently has a consensus rating of “Hold” and a consensus price target of $88.50.

A. O. Smith Stock Performance

Shares of NYSE AOS opened at $86.46 on Tuesday. The stock has a fifty day moving average price of $84.98 and a two-hundred day moving average price of $79.00. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.06 and a current ratio of 1.59. The firm has a market cap of $12.73 billion, a P/E ratio of 23.37, a PEG ratio of 2.31 and a beta of 1.25. A. O. Smith has a 1 year low of $63.88 and a 1 year high of $89.96.

A. O. Smith Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be issued a $0.32 dividend. The ex-dividend date is Monday, April 29th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.48%. A. O. Smith’s payout ratio is currently 34.59%.

Insider Activity

In related news, VP Robert J. Heideman sold 9,890 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $84.63, for a total transaction of $836,990.70. Following the completion of the sale, the vice president now directly owns 9,455 shares in the company, valued at $800,176.65. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, Director Idelle K. Wolf sold 814 shares of the stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $80.00, for a total transaction of $65,120.00. Following the completion of the sale, the director now directly owns 46,140 shares in the company, valued at $3,691,200. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Robert J. Heideman sold 9,890 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $84.63, for a total value of $836,990.70. Following the transaction, the vice president now owns 9,455 shares in the company, valued at $800,176.65. The disclosure for this sale can be found here. Insiders sold 95,631 shares of company stock worth $8,042,535 over the last quarter. Corporate insiders own 2.70% of the company’s stock.

Institutional Investors Weigh In On A. O. Smith

Hedge funds and other institutional investors have recently made changes to their positions in the business. Artemis Wealth Advisors LLC acquired a new stake in shares of A. O. Smith in the third quarter valued at about $37,000. FinTrust Capital Advisors LLC grew its position in shares of A. O. Smith by 628.0% in the third quarter. FinTrust Capital Advisors LLC now owns 597 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 515 shares during the last quarter. Addison Advisors LLC grew its position in shares of A. O. Smith by 36.1% in the third quarter. Addison Advisors LLC now owns 712 shares of the industrial products company’s stock valued at $47,000 after purchasing an additional 189 shares during the last quarter. Private Trust Co. NA grew its position in shares of A. O. Smith by 393.1% in the third quarter. Private Trust Co. NA now owns 858 shares of the industrial products company’s stock valued at $57,000 after purchasing an additional 684 shares during the last quarter. Finally, UniSuper Management Pty Ltd acquired a new stake in shares of A. O. Smith in the second quarter valued at about $66,000. 76.10% of the stock is owned by institutional investors and hedge funds.

A. O. Smith Company Profile

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.