Q2 2022 Earnings Estimate for A. O. Smith Co. (NYSE:AOS) Issued By DA Davidson

A. O. Smith Co. (NYSE:AOSGet Rating) – Research analysts at DA Davidson issued their Q2 2022 EPS estimates for A. O. Smith in a research note issued to investors on Friday, April 29th. DA Davidson analyst M. Summerville anticipates that the industrial products company will post earnings of $0.77 per share for the quarter. DA Davidson also issued estimates for A. O. Smith’s FY2022 earnings at $3.50 EPS and FY2023 earnings at $3.47 EPS.

Several other research firms have also recently issued reports on AOS. Robert W. Baird lowered their price objective on A. O. Smith from $79.00 to $72.00 in a research report on Friday. StockNews.com initiated coverage on A. O. Smith in a report on Thursday, March 31st. They set a “buy” rating on the stock. Finally, Stifel Nicolaus reduced their price objective on A. O. Smith from $80.00 to $73.00 and set a “hold” rating for the company in a research note on Monday, April 18th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $84.40.

Shares of AOS opened at $58.43 on Monday. The company has a quick ratio of 1.17, a current ratio of 1.57 and a debt-to-equity ratio of 0.10. The business’s 50 day moving average price is $65.91 and its 200-day moving average price is $73.82. A. O. Smith has a 52 week low of $58.20 and a 52 week high of $86.74. The stock has a market cap of $9.20 billion, a P/E ratio of 18.37, a P/E/G ratio of 1.88 and a beta of 1.18.

A. O. Smith (NYSE:AOSGet Rating) last posted its earnings results on Thursday, April 28th. The industrial products company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.02. A. O. Smith had a return on equity of 27.67% and a net margin of 13.59%. The firm had revenue of $977.70 million for the quarter, compared to the consensus estimate of $967.05 million. During the same quarter in the prior year, the business earned $0.60 EPS. The business’s revenue for the quarter was up 27.1% on a year-over-year basis.

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 16th. Shareholders of record on Friday, April 29th will be paid a $0.28 dividend. The ex-dividend date is Thursday, April 28th. This represents a $1.12 dividend on an annualized basis and a yield of 1.92%. A. O. Smith’s payout ratio is presently 35.22%.

In other A. O. Smith news, Director Michael M. Larsen purchased 3,925 shares of the business’s stock in a transaction on Tuesday, February 22nd. The stock was acquired at an average price of $69.87 per share, for a total transaction of $274,239.75. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.66% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Natixis bought a new position in shares of A. O. Smith in the 3rd quarter valued at about $2,383,000. Voya Investment Management LLC lifted its holdings in shares of A. O. Smith by 4.3% in the 3rd quarter. Voya Investment Management LLC now owns 122,958 shares of the industrial products company’s stock valued at $7,509,000 after acquiring an additional 5,091 shares during the last quarter. Modera Wealth Management LLC bought a new position in shares of A. O. Smith in the 4th quarter valued at about $205,000. Banque Pictet & Cie SA bought a new position in shares of A. O. Smith in the 4th quarter valued at about $2,364,000. Finally, TD Asset Management Inc. lifted its holdings in shares of A. O. Smith by 14.4% in the 3rd quarter. TD Asset Management Inc. now owns 44,797 shares of the industrial products company’s stock valued at $2,736,000 after acquiring an additional 5,650 shares during the last quarter. Hedge funds and other institutional investors own 76.28% of the company’s stock.

About A. O. Smith (Get Rating)

A. O. Smith Corporation manufactures and markets residential and commercial gas, heat pump 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; commercial boilers for hospitals, schools, hotels, and other large commercial buildings, as well as residential boilers for homes, apartments, and condominiums; and water treatment products comprising point-of-entry water softeners, well water solutions, and whole-home water filtration products, on-the-go filtration bottles, point-of-use carbon, and reverse osmosis products for residences, restaurants, hotels, and offices.

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

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