Smith (A.O.) Corporation (AOS) Expected to Announce Earnings of $0.56 Per Share

Brokerages expect Smith (A.O.) Corporation (NYSE:AOS) to post earnings per share (EPS) of $0.56 for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have issued estimates for Smith (A.O.) Corporation’s earnings. The lowest EPS estimate is $0.55 and the highest is $0.57. Smith (A.O.) Corporation reported earnings per share of $0.47 during the same quarter last year, which indicates a positive year over year growth rate of 19.1%. The firm is scheduled to announce its next earnings results on Thursday, February 1st.

On average, analysts expect that Smith (A.O.) Corporation will report full-year earnings of $2.13 per share for the current fiscal year, with EPS estimates ranging from $2.10 to $2.14. For the next fiscal year, analysts anticipate that the firm will post earnings of $2.39 per share, with EPS estimates ranging from $2.35 to $2.50. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that follow Smith (A.O.) Corporation.

Smith (A.O.) Corporation (NYSE:AOS) last announced its quarterly earnings results on Wednesday, October 25th. The industrial products company reported $0.54 EPS for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.01. The business had revenue of $749.90 million for the quarter, compared to analysts’ expectations of $741.28 million. Smith (A.O.) Corporation had a return on equity of 22.42% and a net margin of 12.18%. The business’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.47 EPS.

Several equities analysts have recently issued reports on the company. Zacks Investment Research cut Smith (A.O.) Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Stifel Nicolaus reissued a “hold” rating and set a $56.00 target price on shares of Smith (A.O.) Corporation in a research note on Friday, August 11th. Robert W. Baird reissued a “buy” rating and set a $68.00 target price on shares of Smith (A.O.) Corporation in a research note on Friday, October 27th. BidaskClub cut Smith (A.O.) Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Finally, SunTrust Banks, Inc. restated a “buy” rating and set a $65.00 price target on shares of Smith (A.O.) Corporation in a research report on Thursday, October 12th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Smith (A.O.) Corporation presently has a consensus rating of “Hold” and an average target price of $62.80.

In other news, insider Peter R. Martineau sold 22,267 shares of the company’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $59.33, for a total transaction of $1,321,101.11. Following the transaction, the insider now directly owns 17,528 shares of the company’s stock, valued at $1,039,936.24. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Idelle K. Wolf sold 2,000 shares of the company’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $60.00, for a total value of $120,000.00. Following the transaction, the director now directly owns 52,053 shares in the company, valued at $3,123,180. The disclosure for this sale can be found here. Insiders sold 31,861 shares of company stock worth $1,895,602 over the last three months. Corporate insiders own 1.27% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the stock. BlackRock Inc. increased its position in Smith (A.O.) Corporation by 1.7% during the second quarter. BlackRock Inc. now owns 13,286,159 shares of the industrial products company’s stock valued at $748,410,000 after acquiring an additional 220,954 shares during the last quarter. Janus Henderson Group PLC increased its position in Smith (A.O.) Corporation by 49,147.8% during the second quarter. Janus Henderson Group PLC now owns 7,631,439 shares of the industrial products company’s stock valued at $429,879,000 after acquiring an additional 7,615,943 shares during the last quarter. Victory Capital Management Inc. increased its position in Smith (A.O.) Corporation by 7.2% in the third quarter. Victory Capital Management Inc. now owns 2,095,029 shares of the industrial products company’s stock worth $124,508,000 after buying an additional 141,447 shares in the last quarter. Wells Fargo & Company MN increased its position in Smith (A.O.) Corporation by 27.6% in the third quarter. Wells Fargo & Company MN now owns 2,023,896 shares of the industrial products company’s stock worth $120,280,000 after buying an additional 438,063 shares in the last quarter. Finally, Artisan Partners Limited Partnership increased its position in Smith (A.O.) Corporation by 9.9% in the third quarter. Artisan Partners Limited Partnership now owns 1,641,917 shares of the industrial products company’s stock worth $97,579,000 after buying an additional 147,835 shares in the last quarter. Institutional investors own 72.50% of the company’s stock.

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Shares of Smith (NYSE AOS) traded up $0.36 during trading on Friday, reaching $58.92. The company’s stock had a trading volume of 536,000 shares, compared to its average volume of 1,012,519. The company has a quick ratio of 1.92, a current ratio of 2.32 and a debt-to-equity ratio of 0.27. The stock has a market cap of $10,130.00, a PE ratio of 28.71, a P/E/G ratio of 2.20 and a beta of 1.56. Smith has a 1-year low of $46.44 and a 1-year high of $62.16.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 0.95%. The ex-dividend date is Monday, October 30th. Smith (A.O.) Corporation’s dividend payout ratio (DPR) is 27.45%.

Smith (A.O.) Corporation Company Profile

A. O. Smith Corporation operates through two segments: North America and Rest of World. The Company’s Rest of World segment primarily consists of China, Europe and India. Both segments manufacture and market comprehensive lines of residential and commercial gas, gas tankless and electric water heaters, as well as water treatment products.

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

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