A. O. Smith (AOS) to Release Earnings on Tuesday

A. O. Smith (NYSE:AOS) is scheduled to be issuing its quarterly earnings data before the market opens on Tuesday, October 22nd. Analysts expect the company to announce 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.Investors that wish to listen to the company’s conference call can do so using this link.

A. O. Smith (NYSE:AOS) last released its quarterly earnings results 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). A. O. Smith had a net margin of 14.67% and a return on equity of 31.04%. The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1 billion. During the same quarter in the prior 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

NYSE:AOS opened at $78.75 on Friday. The firm has a 50 day moving average of $82.67 and a 200 day moving average of $83.68. The company has a quick ratio of 1.07, a current ratio of 1.70 and a debt-to-equity ratio of 0.07. A. O. Smith has a 52 week low of $65.08 and a 52 week high of $92.44. 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.

A. O. Smith Increases Dividend

The firm also recently announced 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 annualized dividend and a yield of 1.73%. This is an increase from A. O. Smith’s previous quarterly dividend of $0.32. The ex-dividend date is Thursday, October 31st. A. O. Smith’s payout ratio is 32.99%.

Wall Street Analysts Forecast Growth

AOS has been the topic of several recent analyst reports. Robert W. Baird cut their price objective on shares of A. O. Smith from $92.00 to $90.00 and set a “neutral” rating on the stock in a report on Wednesday, July 24th. StockNews.com raised shares of A. O. Smith from a “hold” rating to a “buy” rating in a report on Friday. Stifel Nicolaus raised shares of A. O. Smith from a “hold” rating to a “buy” rating and boosted their price objective for the company from $97.00 to $98.00 in a report on Wednesday, July 24th. Finally, UBS Group lifted their price target on A. O. Smith from $73.00 to $75.00 and gave the stock a “sell” rating in a research report on Monday, July 8th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $89.67.

Insider Buying and Selling

In related 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 transaction of $1,191,105.00. Following the completion of the transaction, the senior vice president now directly owns 2,399 shares in the company, valued at approximately $194,319. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.70% of the stock is currently owned by corporate insiders.

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.