FY2024 EPS Estimates for A. O. Smith Cut by Zacks Research

A. O. Smith Co. (NYSE:AOS) – Stock analysts at Zacks Research lowered their FY2024 earnings per share estimates for shares of A. O. Smith in a research note issued to investors on Wednesday, December 11th. Zacks Research analyst R. Department now forecasts that the industrial products company will post earnings of $3.76 per share for the year, down from their prior forecast of $3.78. The consensus estimate for A. O. Smith’s current full-year earnings is $3.77 per share.

Several other equities analysts have also recently issued reports on the stock. Citigroup reduced their price target on shares of A. O. Smith from $85.00 to $78.00 and set a “neutral” rating on the stock in a research report on Monday, December 9th. Robert W. Baird reduced their target price on A. O. Smith from $82.00 to $81.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. DA Davidson cut A. O. Smith from a “buy” rating to a “neutral” rating and set a $80.00 target price for the company. in a research note on Wednesday, October 23rd. StockNews.com cut A. O. Smith from a “buy” rating to a “hold” rating in a research note on Tuesday, December 10th. Finally, Stifel Nicolaus lowered their price objective on A. O. Smith from $91.00 to $90.00 and set a “buy” rating for the company in a research report on Wednesday, December 11th. Seven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, A. O. Smith currently has a consensus rating of “Hold” and a consensus target price of $83.17.

A. O. Smith Stock Down 0.2 %

Shares of A. O. Smith stock opened at $72.49 on Monday. The company’s fifty day simple moving average is $76.19 and its two-hundred day simple moving average is $80.58. A. O. Smith has a 12-month low of $70.73 and a 12-month high of $92.44. The company has a current ratio of 1.67, a quick ratio of 1.02 and a debt-to-equity ratio of 0.06. The company has a market cap of $10.51 billion, a P/E ratio of 19.08, a PEG ratio of 1.92 and a beta of 1.16.

A. O. Smith (NYSE:AOS) last issued its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $0.82 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.82. A. O. Smith had a return on equity of 30.09% and a net margin of 14.41%. The firm had revenue of $957.80 million for the quarter, compared to analyst estimates of $960.36 million. During the same period last year, the company earned $0.90 EPS.

Hedge Funds Weigh In On A. O. Smith

Several institutional investors and hedge funds have recently modified their holdings of AOS. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of A. O. Smith during the second quarter valued at approximately $25,000. Isthmus Partners LLC bought a new stake in shares of A. O. Smith in the 2nd quarter worth $27,000. Quarry LP raised its stake in shares of A. O. Smith by 214.9% in the second quarter. Quarry LP now owns 359 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 245 shares during the last quarter. Waldron Private Wealth LLC bought a new position in shares of A. O. Smith during the third quarter valued at $32,000. Finally, Wolff Wiese Magana LLC purchased a new stake in shares of A. O. Smith during the third quarter valued at $37,000. 76.10% of the stock is currently owned by institutional investors.

A. O. Smith Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 1.88%. This is an increase from A. O. Smith’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Thursday, October 31st. A. O. Smith’s payout ratio is 35.79%.

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.