A. O. Smith Co. (NYSE:AOS – Get Rating) – Analysts at Oppenheimer dropped their FY2022 earnings per share (EPS) estimates for A. O. Smith in a research note issued to investors on Thursday, July 14th. Oppenheimer analyst B. Blair now expects that the industrial products company will earn $3.53 per share for the year, down from their prior forecast of $3.55. The consensus estimate for A. O. Smith’s current full-year earnings is $3.52 per share. Oppenheimer also issued estimates for A. O. Smith’s FY2023 earnings at $3.80 EPS.
A number of other research firms have also weighed in on AOS. William Blair lowered A. O. Smith from an “outperform” rating to a “market perform” rating in a research note on Sunday, May 1st. Stifel Nicolaus dropped their price target on A. O. Smith from $80.00 to $73.00 and set a “hold” rating for the company in a research note on Monday, April 18th. Longbow Research raised A. O. Smith from a “neutral” rating to a “buy” rating and set a $71.00 price target for the company in a research note on Wednesday, July 6th. UBS Group dropped their price target on A. O. Smith from $85.00 to $64.00 and set a “neutral” rating for the company in a research note on Friday, May 20th. Finally, Robert W. Baird lowered A. O. Smith from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $72.00 to $60.00 in a research note on Thursday. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $76.00.
NYSE AOS opened at $54.13 on Friday. The firm has a market cap of $8.44 billion, a price-to-earnings ratio of 17.02, a price-to-earnings-growth ratio of 1.77 and a beta of 1.15. The company has a quick ratio of 1.23, a current ratio of 1.72 and a debt-to-equity ratio of 0.16. The business has a 50-day moving average price of $57.64 and a 200-day moving average price of $66.24. A. O. Smith has a twelve month low of $51.91 and a twelve month high of $86.74. A. O. Smith (NYSE:AOS – Get Rating) last released its quarterly earnings data on Thursday, April 28th. The industrial products company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.02. The firm had revenue of $977.70 million during the quarter, compared to analyst estimates of $967.05 million. A. O. Smith had a return on equity of 27.82% and a net margin of 13.59%. The business’s quarterly revenue was up 27.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.60 earnings per share.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 15th. Shareholders of record on Friday, July 29th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 2.07%. The ex-dividend date of this dividend is Thursday, July 28th. A. O. Smith’s payout ratio is 35.22%.
Hedge funds and other institutional investors have recently bought and sold shares of the business. WASHINGTON TRUST Co lifted its position in shares of A. O. Smith by 60.4% during the fourth quarter. WASHINGTON TRUST Co now owns 449 shares of the industrial products company’s stock valued at $39,000 after buying an additional 169 shares during the last quarter. State of Alaska Department of Revenue lifted its position in shares of A. O. Smith by 1.0% during the second quarter. State of Alaska Department of Revenue now owns 18,687 shares of the industrial products company’s stock valued at $1,021,000 after buying an additional 190 shares during the last quarter. CWM LLC lifted its position in shares of A. O. Smith by 6.0% during the first quarter. CWM LLC now owns 3,401 shares of the industrial products company’s stock valued at $217,000 after buying an additional 193 shares during the last quarter. Bank of New Hampshire lifted its position in shares of A. O. Smith by 1.0% during the first quarter. Bank of New Hampshire now owns 21,093 shares of the industrial products company’s stock valued at $1,348,000 after buying an additional 200 shares during the last quarter. Finally, Raymond James Trust N.A. lifted its position in shares of A. O. Smith by 4.9% during the first quarter. Raymond James Trust N.A. now owns 4,351 shares of the industrial products company’s stock valued at $278,000 after buying an additional 205 shares during the last quarter. 76.55% of the stock is owned by institutional investors.
A. O. Smith Company Profile (Get Rating)
A. O. Smith Corporation manufactures and markets residential and commercial gas, heat pump 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; commercial boilers for hospitals, schools, hotels, and other large commercial buildings, as well as residential boilers for homes, apartments, and condominiums; and water treatment products comprising point-of-entry water softeners, well water solutions, and whole-home water filtration products, on-the-go filtration bottles, point-of-use carbon, and reverse osmosis products for residences, restaurants, hotels, and offices.
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