Zacks Research Estimates A. O. Smith FY2024 Earnings

A. O. Smith Co. (NYSE:AOS) – Zacks Research issued their FY2024 earnings per share (EPS) estimates for A. O. Smith in a report released on Tuesday, November 12th. Zacks Research analyst R. Department anticipates that the industrial products company will post earnings of $3.78 per share for the year. The consensus estimate for A. O. Smith’s current full-year earnings is $3.78 per share. Zacks Research also issued estimates for A. O. Smith’s Q1 2025 earnings at $0.98 EPS, Q4 2025 earnings at $0.98 EPS, Q1 2026 earnings at $1.05 EPS, Q2 2026 earnings at $1.18 EPS and FY2026 earnings at $4.39 EPS.

A. O. Smith (NYSE:AOS) last posted its quarterly earnings results on Tuesday, October 22nd. The industrial products company reported $0.82 EPS for the quarter, meeting the consensus estimate of $0.82. A. O. Smith had a net margin of 14.41% and a return on equity of 30.09%. The business had revenue of $957.80 million during the quarter, compared to analyst estimates of $960.36 million. During the same quarter in the previous year, the business posted $0.90 EPS.

AOS has been the topic of several other research reports. UBS Group upgraded A. O. Smith from a “sell” rating to a “neutral” rating and lifted their target price for the company from $75.00 to $80.00 in a research note on Wednesday, October 23rd. DA Davidson cut A. O. Smith from a “buy” rating to a “neutral” rating and set a $80.00 price objective for the company. in a research report on Wednesday, October 23rd. StockNews.com raised A. O. Smith from a “hold” rating to a “buy” rating in a research report on Thursday, November 7th. Robert W. Baird lowered their price target on A. O. Smith from $82.00 to $81.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Finally, Stifel Nicolaus dropped their price target on A. O. Smith from $92.00 to $91.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, A. O. Smith currently has a consensus rating of “Hold” and a consensus target price of $86.71.

A. O. Smith Stock Down 0.1 %

Shares of NYSE AOS opened at $73.03 on Friday. A. O. Smith has a 12-month low of $72.62 and a 12-month high of $92.44. The stock’s fifty day simple moving average is $80.68 and its two-hundred day simple moving average is $82.32. The stock has a market capitalization of $10.59 billion, a PE ratio of 19.22, a price-to-earnings-growth ratio of 1.94 and a beta of 1.17. The company has a current ratio of 1.67, a quick ratio of 1.02 and a debt-to-equity ratio of 0.06.

A. O. Smith Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 1.86%. 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 dividend payout ratio is presently 35.79%.

Hedge Funds Weigh In On A. O. Smith

A number of institutional investors have recently modified their holdings of AOS. Sarasin & Partners LLP acquired a new position in shares of A. O. Smith in the 3rd quarter valued at $78,766,000. Select Equity Group L.P. raised its stake in shares of A. O. Smith by 11.6% during the 2nd quarter. Select Equity Group L.P. now owns 3,852,467 shares of the industrial products company’s stock worth $315,055,000 after buying an additional 400,304 shares during the period. Caisse DE Depot ET Placement DU Quebec grew its stake in A. O. Smith by 92.4% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 761,410 shares of the industrial products company’s stock valued at $68,397,000 after acquiring an additional 365,710 shares during the period. Confluence Investment Management LLC acquired a new position in A. O. Smith during the second quarter worth $22,288,000. Finally, Assenagon Asset Management S.A. purchased a new position in A. O. Smith during the third quarter valued at $24,060,000. Hedge funds and other institutional investors own 76.10% of the company’s stock.

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.