A. O. Smith (AOS) to Release Quarterly Earnings on Thursday

A. O. Smith (NYSE:AOS) is scheduled to release its earnings data before the market opens on Thursday, April 25th. Analysts expect A. O. Smith to post earnings of $0.98 per share for the quarter. A. O. Smith has set its FY 2024 guidance at 3.900-4.150 EPS and its FY24 guidance at $3.90-$4.15 EPS.Persons interested in participating in the company’s earnings conference call can do so using this link.

A. O. Smith (NYSE:AOS) last posted its quarterly earnings results on Tuesday, January 30th. The industrial products company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.01. A. O. Smith had a net margin of 14.45% and a return on equity of 31.05%. The business had revenue of $988.10 million during the quarter, compared to analyst estimates of $985.89 million. During the same period in the prior year, the firm earned $0.86 earnings per share. The firm’s revenue was up 5.6% compared to the same quarter last year. On average, analysts expect A. O. Smith to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

A. O. Smith Trading Up 1.2 %

NYSE:AOS opened at $87.90 on Wednesday. The company has a market capitalization of $12.94 billion, a P/E ratio of 23.76, a P/E/G ratio of 2.33 and a beta of 1.25. The stock’s 50 day moving average price is $85.50 and its 200 day moving average price is $79.67. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.06 and a current ratio of 1.59. A. O. Smith has a 52 week low of $63.88 and a 52 week high of $89.96.

A. O. Smith Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.46%. The ex-dividend date is Monday, April 29th. A. O. Smith’s payout ratio is presently 34.59%.

Insider Buying and Selling

In related news, Director Idelle K. Wolf sold 814 shares of the business’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $80.00, for a total transaction of $65,120.00. Following the transaction, the director now owns 46,140 shares of the company’s stock, valued at $3,691,200. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other A. O. Smith news, Director Idelle K. Wolf sold 814 shares of A. O. Smith stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $80.00, for a total transaction of $65,120.00. Following the sale, the director now owns 46,140 shares in the company, valued at $3,691,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Robert J. Heideman sold 9,890 shares of A. O. Smith 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 sale, the vice president now owns 9,455 shares in the company, valued at approximately $800,176.65. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 95,631 shares of company stock valued at $8,042,535. 2.70% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on AOS shares. Citigroup lifted their price target on shares of A. O. Smith from $82.00 to $95.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Stifel Nicolaus lifted their price target on shares of A. O. Smith from $85.00 to $91.00 and gave the company a “hold” rating in a research report on Wednesday, April 17th. Jefferies Financial Group lifted their price target on shares of A. O. Smith from $85.00 to $90.00 and gave the company a “hold” rating in a research report on Friday, April 12th. Oppenheimer reissued a “market perform” rating on shares of A. O. Smith in a research report on Thursday, April 18th. Finally, StockNews.com lowered shares of A. O. Smith from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 6th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $88.50.

About A. O. Smith

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.