A. O. Smith Corp (NYSE:AOS) – Analysts at Gabelli reduced their FY2018 EPS estimates for A. O. Smith in a research report issued to clients and investors on Wednesday, October 31st. Gabelli analyst A. Lacayo now anticipates that the industrial products company will post earnings per share of $2.55 for the year, down from their prior forecast of $2.60. Gabelli also issued estimates for A. O. Smith’s FY2019 earnings at $2.80 EPS, FY2020 earnings at $3.00 EPS, FY2021 earnings at $3.25 EPS and FY2022 earnings at $3.45 EPS.
A. O. Smith (NYSE:AOS) last issued its quarterly earnings data on Tuesday, October 30th. The industrial products company reported $0.61 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by ($0.02). The company had revenue of $754.10 million during the quarter, compared to the consensus estimate of $805.92 million. A. O. Smith had a net margin of 10.83% and a return on equity of 24.98%. A. O. Smith’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.54 earnings per share.
Other equities analysts have also issued reports about the stock. Boenning Scattergood reissued a “buy” rating and issued a $75.00 price objective on shares of A. O. Smith in a research report on Wednesday, July 25th. SunTrust Banks reissued a “buy” rating and issued a $71.00 price objective on shares of A. O. Smith in a research report on Thursday, July 26th. BMO Capital Markets reaffirmed a “buy” rating and set a $73.00 price target on shares of A. O. Smith in a research report on Thursday, July 26th. Zacks Investment Research raised shares of A. O. Smith from a “hold” rating to a “buy” rating and set a $66.00 price target on the stock in a research report on Tuesday, August 7th. Finally, Oppenheimer reaffirmed a “hold” rating on shares of A. O. Smith in a research report on Tuesday, September 18th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. A. O. Smith currently has a consensus rating of “Hold” and an average target price of $65.75.
Shares of AOS opened at $48.09 on Friday. The stock has a market capitalization of $8.20 billion, a PE ratio of 22.16, a P/E/G ratio of 1.57 and a beta of 1.45. A. O. Smith has a fifty-two week low of $40.34 and a fifty-two week high of $68.39. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.77 and a current ratio of 2.16.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Wednesday, October 31st will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.83%. This is a positive change from A. O. Smith’s previous quarterly dividend of $0.18. The ex-dividend date is Tuesday, October 30th. A. O. Smith’s dividend payout ratio (DPR) is currently 40.55%.
In related news, Director Paul W. Jones sold 4,591 shares of the firm’s stock in a transaction dated Tuesday, August 21st. The shares were sold at an average price of $58.92, for a total transaction of $270,501.72. Following the transaction, the director now directly owns 214,558 shares of the company’s stock, valued at $12,641,757.36. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.28% of the stock is currently owned by company insiders.
A number of large investors have recently added to or reduced their stakes in the stock. Telemus Capital LLC increased its position in A. O. Smith by 1.3% during the second quarter. Telemus Capital LLC now owns 71,525 shares of the industrial products company’s stock worth $4,231,000 after acquiring an additional 935 shares during the period. Bath Savings Trust Co increased its position in A. O. Smith by 17.3% during the third quarter. Bath Savings Trust Co now owns 6,650 shares of the industrial products company’s stock worth $355,000 after acquiring an additional 980 shares during the period. Captrust Financial Advisors increased its position in A. O. Smith by 83.6% during the second quarter. Captrust Financial Advisors now owns 2,264 shares of the industrial products company’s stock worth $134,000 after acquiring an additional 1,031 shares during the period. Retirement Systems of Alabama increased its holdings in A. O. Smith by 0.7% in the 2nd quarter. Retirement Systems of Alabama now owns 159,098 shares of the industrial products company’s stock valued at $9,411,000 after buying an additional 1,068 shares during the period. Finally, Synovus Financial Corp increased its holdings in A. O. Smith by 10.2% in the 3rd quarter. Synovus Financial Corp now owns 14,038 shares of the industrial products company’s stock valued at $748,000 after buying an additional 1,296 shares during the period. 75.40% of the stock is currently owned by institutional investors and hedge funds.
About A. O. Smith
A. O. Smith Corporation manufactures and markets residential and commercial gas and electric water heaters, boilers, and water treatment products in North America, China, Europe, and India. The company offers water heaters for residences, restaurants, hotels and motels, office buildings, laundries, car washes, and small businesses; residential and commercial boilers for use in space heating applications for hospitals, schools, hotels, and other large commercial buildings; and water treatment products, including on-the-go filtration bottles, point-of-use carbon and reverse osmosis products, point-of-entry water softeners, and whole-home water filtrations products for residences, restaurants, hotels, and offices.
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