A. O. Smith Corp (AOS) to Post FY2018 Earnings of $2.58 Per Share, Oppenheimer Forecasts

A. O. Smith Corp (NYSE:AOS) – Investment analysts at Oppenheimer reduced their FY2018 earnings per share estimates for shares of A. O. Smith in a research note issued on Wednesday, October 31st. Oppenheimer analyst B. Blair now anticipates that the industrial products company will post earnings per share of $2.58 for the year, down from their previous estimate of $2.60. Oppenheimer has a “Hold” rating on the stock. Oppenheimer also issued estimates for A. O. Smith’s FY2020 earnings at $3.05 EPS.

AOS has been the subject of several other reports. BMO Capital Markets decreased their price target on shares of A. O. Smith from $73.00 to $66.00 and set an “outperform” rating for the company in a research note on Wednesday, October 31st. SunTrust Banks reaffirmed a “buy” rating and set a $71.00 price target on shares of A. O. Smith in a research note on Thursday, July 26th. Zacks Investment Research cut shares of A. O. Smith from a “buy” rating to a “hold” rating in a research note on Tuesday, July 17th. Robert W. Baird decreased their price target on shares of A. O. Smith from $68.00 to $58.00 and set an “outperform” rating for the company in a research note on Wednesday, October 10th. Finally, Goldman Sachs Group began coverage on shares of A. O. Smith in a research note on Tuesday, October 2nd. They set a “sell” rating and a $50.00 price target for the company. Two analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $65.75.

Shares of AOS opened at $47.54 on Monday. The company has a market cap of $8.20 billion, a PE ratio of 21.91, a price-to-earnings-growth ratio of 1.57 and a beta of 1.45. A. O. Smith has a twelve month low of $40.34 and a twelve month high of $68.39. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.16 and a quick ratio of 1.75.

A. O. Smith (NYSE:AOS) last posted its earnings results on Tuesday, October 30th. The industrial products company reported $0.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.02). A. O. Smith had a return on equity of 24.98% and a net margin of 10.83%. The business had revenue of $754.10 million for the quarter, compared to the consensus estimate of $805.92 million. During the same period in the previous year, the company posted $0.54 earnings per share. A. O. Smith’s revenue for the quarter was up .6% compared to the same quarter last year.

Institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. boosted its holdings in shares of A. O. Smith by 1.1% in the 2nd quarter. BlackRock Inc. now owns 10,212,252 shares of the industrial products company’s stock valued at $604,055,000 after buying an additional 112,242 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of A. O. Smith by 0.5% in the 2nd quarter. Janus Henderson Group PLC now owns 7,008,473 shares of the industrial products company’s stock valued at $414,554,000 after buying an additional 36,879 shares during the last quarter. Morgan Stanley boosted its holdings in shares of A. O. Smith by 531.8% in the 2nd quarter. Morgan Stanley now owns 3,478,281 shares of the industrial products company’s stock valued at $205,741,000 after buying an additional 2,927,749 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in shares of A. O. Smith by 0.6% in the 3rd quarter. Wells Fargo & Company MN now owns 1,900,739 shares of the industrial products company’s stock valued at $101,442,000 after buying an additional 11,544 shares during the last quarter. Finally, Waddell & Reed Financial Inc. boosted its holdings in shares of A. O. Smith by 12.7% in the 2nd quarter. Waddell & Reed Financial Inc. now owns 1,662,424 shares of the industrial products company’s stock valued at $98,333,000 after buying an additional 187,800 shares during the last quarter. 75.52% of the stock is owned by institutional investors.

In other news, Director Paul W. Jones sold 4,591 shares of the firm’s stock in a transaction that occurred on Tuesday, August 21st. The shares were sold at an average price of $58.92, for a total transaction of $270,501.72. Following the completion of the transaction, the director now directly owns 214,558 shares of the company’s stock, valued at approximately $12,641,757.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.28% of the stock is owned by company insiders.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Wednesday, October 31st will be paid a dividend of $0.22 per share. This is a boost from A. O. Smith’s previous quarterly dividend of $0.18. This represents a $0.88 annualized dividend and a dividend yield of 1.85%. The ex-dividend date of this dividend is Tuesday, October 30th. A. O. Smith’s dividend payout ratio (DPR) is currently 40.55%.

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.

Featured Article: What is a put option?

Earnings History and Estimates for A. O. Smith (NYSE:AOS)

Receive News & Ratings for A. O. Smith Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for A. O. Smith and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply