A. O. Smith (NYSE:AOS) Releases Q3 Earnings Guidance

A. O. Smith (NYSE:AOS) updated its third quarter earnings guidance on Friday. The company provided EPS guidance of $0.82 for the period, compared to the consensus EPS estimate of $0.95. The company issued revenue guidance of $903 million, compared to the consensus revenue estimate of $957.82 million. A. O. Smith also updated its FY 2024 guidance to 3.700-3.850 EPS.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Stifel Nicolaus upgraded A. O. Smith from a hold rating to a buy rating and lifted their price objective for the stock from $97.00 to $98.00 in a research report on Wednesday, July 24th. UBS Group lifted their target price on shares of A. O. Smith from $73.00 to $75.00 and gave the stock a sell rating in a research note on Monday, July 8th. Robert W. Baird cut their price objective on A. O. Smith from $92.00 to $90.00 and set a neutral rating on the stock in a report on Wednesday, July 24th. Finally, StockNews.com raised shares of A. O. Smith from a hold rating to a buy rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, A. O. Smith has an average rating of Hold and an average target price of $89.67.

A. O. Smith Trading Down 6.2 %

NYSE:AOS opened at $80.87 on Friday. A. O. Smith has a 12 month low of $65.08 and a 12 month high of $92.44. The business’s 50-day moving average is $82.73 and its two-hundred day moving average is $84.02. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.70 and a quick ratio of 1.07. The firm has a market capitalization of $11.79 billion, a PE ratio of 20.84, a price-to-earnings-growth ratio of 2.40 and a beta of 1.15.

A. O. Smith (NYSE:AOS) last posted its quarterly earnings data on Tuesday, July 23rd. The industrial products company reported $1.06 earnings per share for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.01). The firm had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1 billion. A. O. Smith had a net margin of 14.67% and a return on equity of 31.04%. The business’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.01 earnings per share. Research analysts predict that A. O. Smith will post 4.07 earnings per share for the current fiscal year.

A. O. Smith Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 1.68%. This is an increase from A. O. Smith’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Thursday, October 31st. A. O. Smith’s dividend payout ratio (DPR) is 32.99%.

Insider Buying and Selling at A. O. Smith

In other news, SVP Samuel M. Carver sold 14,705 shares of A. O. Smith stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $81.00, for a total value of $1,191,105.00. Following the completion of the transaction, the senior vice president now owns 2,399 shares in the company, valued at approximately $194,319. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.70% of the stock is currently owned by insiders.

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.