A. O. Smith (AOS) Set to Announce Quarterly Earnings on Tuesday

A. O. Smith (NYSE:AOS) is scheduled to be posting its quarterly earnings results before the market opens on Tuesday, October 22nd. Analysts expect A. O. Smith to post earnings of $0.94 per share for the quarter. A. O. Smith has set its FY 2024 guidance at 3.950-4.100 EPS and its FY24 guidance at $3.95-4.10 EPS.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

A. O. Smith (NYSE:AOS) last released its quarterly earnings data on Tuesday, July 23rd. The industrial products company reported $1.06 EPS for the quarter, missing the consensus estimate of $1.07 by ($0.01). A. O. Smith had a return on equity of 31.04% and a net margin of 14.67%. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1 billion. During the same period last year, the business posted $1.01 earnings per share. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. 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 Stock Performance

Shares of AOS stock opened at $78.75 on Monday. The stock has a market capitalization of $11.49 billion, a price-to-earnings ratio of 20.30, a PEG ratio of 2.43 and a beta of 1.15. The company’s fifty day simple moving average is $82.67 and its two-hundred day simple moving average is $83.68. A. O. Smith has a 1 year low of $65.08 and a 1 year high of $92.44. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.70 and a quick ratio of 1.07.

A. O. Smith Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.73%. This is a positive change 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 payout ratio is presently 32.99%.

Analyst Ratings Changes

Several brokerages have recently weighed in on AOS. UBS Group upped their price target on A. O. Smith from $73.00 to $75.00 and gave the company a “sell” rating in a research report on Monday, July 8th. Stifel Nicolaus raised shares of A. O. Smith from a “hold” rating to a “buy” rating and raised their price target for the company from $97.00 to $98.00 in a report on Wednesday, July 24th. Robert W. Baird reduced their target price on A. O. Smith from $92.00 to $90.00 and set a “neutral” rating for the company in a research report on Wednesday, July 24th. Finally, StockNews.com raised A. O. Smith from a “hold” rating to a “buy” rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, A. O. Smith currently has a consensus rating of “Hold” and an average target price of $89.67.

Insider Activity

In other news, SVP Samuel M. Carver sold 14,705 shares of A. O. Smith stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $81.00, for a total transaction of $1,191,105.00. Following the transaction, the senior vice president now owns 2,399 shares in the company, valued at $194,319. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 2.70% of the company’s stock.

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.