A. O. Smith (AOS) Releases Earnings Results, Misses Expectations By $0.02 EPS

A. O. Smith (NYSE:AOS) announced its earnings results on Tuesday. The industrial products company reported $0.61 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.63 by ($0.02), MarketWatch Earnings reports. A. O. Smith had a return on equity of 24.67% and a net margin of 10.50%. The business had revenue of $754.10 million for the quarter, compared to analysts’ expectations of $805.92 million. During the same period in the previous year, the firm posted $0.54 earnings per share. The firm’s revenue was up .6% compared to the same quarter last year. A. O. Smith updated its FY18 guidance to $2.57-2.60 EPS.

Shares of A. O. Smith stock opened at $45.72 on Wednesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.15 and a quick ratio of 1.77. The stock has a market capitalization of $7.46 billion, a P/E ratio of 21.07, a PEG ratio of 1.37 and a beta of 1.43. A. O. Smith has a fifty-two week low of $40.34 and a fifty-two week high of $68.39.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Wednesday, October 31st will be issued a $0.22 dividend. This is a positive change from A. O. Smith’s previous quarterly dividend of $0.18. This represents a $0.88 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend is Tuesday, October 30th. A. O. Smith’s payout ratio is currently 33.18%.

In related news, Director Paul W. Jones sold 4,591 shares of the business’s stock in a transaction dated Tuesday, August 21st. The stock was sold at an average price of $58.92, for a total value of $270,501.72. Following the completion of the sale, the director now directly owns 214,558 shares of the company’s stock, valued at $12,641,757.36. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.28% of the stock is owned by insiders.

A number of analysts have recently issued reports on AOS shares. Goldman Sachs Group started coverage on A. O. Smith in a research report on Tuesday, October 2nd. They set a “sell” rating and a $50.00 target price on the stock. Zacks Investment Research lowered A. O. Smith from a “buy” rating to a “hold” rating in a research report on Thursday, August 2nd. ValuEngine lowered A. O. Smith from a “hold” rating to a “sell” rating in a research report on Thursday, September 27th. Boenning Scattergood reaffirmed a “buy” rating and set a $75.00 target price on shares of A. O. Smith in a research report on Wednesday, July 25th. Finally, SunTrust Banks reaffirmed a “buy” rating and set a $71.00 target price on shares of A. O. Smith in a research report on Thursday, July 26th. 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 stock. The company has a consensus rating of “Hold” and a consensus target price of $66.63.

A. O. Smith Company Profile

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

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