A. O. Smith Corp (NYSE:AOS) – Jefferies Financial Group issued their FY2021 earnings per share estimates for A. O. Smith in a report released on Wednesday, July 10th. Jefferies Financial Group analyst S. Boroditsky forecasts that the industrial products company will post earnings per share of $2.87 for the year. Jefferies Financial Group has a “Hold” rating on the stock. Jefferies Financial Group also issued estimates for A. O. Smith’s FY2022 earnings at $2.93 EPS.
A. O. Smith (NYSE:AOS) last posted its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.04). The firm had revenue of $748.20 million during the quarter, compared to analyst estimates of $764.16 million. A. O. Smith had a net margin of 13.81% and a return on equity of 25.01%. The business’s quarterly revenue was down 5.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.60 EPS.
NYSE:AOS opened at $45.19 on Friday. The firm has a 50 day moving average price of $44.78. The company has a current ratio of 2.25, a quick ratio of 1.82 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $7.41 billion, a price-to-earnings ratio of 17.31, a PEG ratio of 1.90 and a beta of 1.56. A. O. Smith has a 1-year low of $40.34 and a 1-year high of $61.08.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in AOS. Bremer Bank National Association purchased a new position in shares of A. O. Smith in the first quarter valued at $25,000. Huntington National Bank boosted its stake in shares of A. O. Smith by 82.2% in the first quarter. Huntington National Bank now owns 512 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 231 shares during the period. Signaturefd LLC boosted its stake in shares of A. O. Smith by 67.6% in the first quarter. Signaturefd LLC now owns 538 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 217 shares during the period. Penserra Capital Management LLC purchased a new position in shares of A. O. Smith in the first quarter valued at $29,000. Finally, CSat Investment Advisory L.P. boosted its stake in shares of A. O. Smith by 141.2% in the fourth quarter. CSat Investment Advisory L.P. now owns 1,006 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 589 shares during the period. Institutional investors own 75.08% of the company’s stock.
In other A. O. Smith news, VP Paul R. Dana sold 9,010 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $52.76, for a total transaction of $475,367.60. Following the completion of the sale, the vice president now directly owns 14,912 shares in the company, valued at $786,757.12. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Paul W. Jones sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $49.50, for a total transaction of $49,500.00. Following the sale, the director now owns 182,266 shares of the company’s stock, valued at $9,022,167. The disclosure for this sale can be found here. Insiders have sold 18,010 shares of company stock valued at $944,468 in the last ninety days. 1.03% of the stock is currently owned by company insiders.
The business also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Wednesday, July 31st will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 1.95%. The ex-dividend date is Tuesday, July 30th. A. O. Smith’s dividend payout ratio (DPR) is 33.72%.
A. O. Smith declared that its Board of Directors has authorized a stock repurchase plan on Monday, June 3rd that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the industrial products company to repurchase up to 4.3% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.
About A. O. Smith
A. O. Smith Corporation manufactures and markets residential and commercial gas and electric water heaters, boilers, tanks, and water treatment products in North America, China, Europe, and India. It operates through two segments, North America and Rest of World. The company offers water heaters for residences, restaurants, hotels and motels, office buildings, laundries, car washes, and small businesses; residential and commercial boilers for space heating applications in hospitals, schools, hotels, and other 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 filtration products for residences, restaurants, hotels, and offices.
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