Q2 2022 EPS Estimates for A. O. Smith Co. (NYSE:AOS) Reduced by Analyst

A. O. Smith Co. (NYSE:AOSGet Rating) – Equities research analysts at KeyCorp reduced their Q2 2022 EPS estimates for shares of A. O. Smith in a research report issued on Thursday, April 28th. KeyCorp analyst J. Hammond now anticipates that the industrial products company will post earnings of $0.84 per share for the quarter, down from their prior estimate of $0.89.

A number of other equities research analysts have also commented on the company. Robert W. Baird dropped their target price on A. O. Smith from $79.00 to $72.00 in a research report on Friday. Stifel Nicolaus dropped their target price on A. O. Smith from $80.00 to $73.00 and set a “hold” rating on the stock in a research report on Monday, April 18th. Finally, StockNews.com initiated coverage on A. O. Smith in a research report on Thursday, March 31st. They issued a “buy” rating on the stock. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $84.40.

Shares of AOS stock opened at $58.43 on Monday. The stock’s 50-day simple moving average is $65.91 and its 200-day simple moving average is $73.82. The firm has a market capitalization of $9.20 billion, a price-to-earnings ratio of 18.37, a PEG ratio of 1.88 and a beta of 1.18. A. O. Smith has a fifty-two week low of $58.20 and a fifty-two week high of $86.74. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.17 and a current ratio of 1.57.

A. O. Smith (NYSE:AOSGet Rating) last issued its quarterly earnings results on Thursday, April 28th. The industrial products company reported $0.77 earnings per share for the quarter, topping the Zacks’ consensus estimate 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 business had revenue of $977.70 million for the quarter, compared to analyst estimates of $967.05 million. During the same quarter in the previous year, the firm earned $0.60 earnings per share. The company’s revenue was up 27.1% on a year-over-year basis.

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

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

Several hedge funds have recently made changes to their positions in the company. Daiwa Securities Group Inc. raised its stake in shares of A. O. Smith by 0.3% during the 1st quarter. Daiwa Securities Group Inc. now owns 79,862 shares of the industrial products company’s stock worth $5,102,000 after buying an additional 225 shares during the period. Nisa Investment Advisors LLC raised its stake in shares of A. O. Smith by 7.5% during the 1st quarter. Nisa Investment Advisors LLC now owns 94,931 shares of the industrial products company’s stock worth $6,065,000 after buying an additional 6,660 shares during the period. AustralianSuper Pty Ltd acquired a new position in shares of A. O. Smith during the 1st quarter worth approximately $6,471,000. Harfst & Associates Inc. raised its stake in shares of A. O. Smith by 19.1% during the 1st quarter. Harfst & Associates Inc. now owns 32,624 shares of the industrial products company’s stock worth $2,084,000 after buying an additional 5,241 shares during the period. Finally, GHP Investment Advisors Inc. acquired a new position in shares of A. O. Smith during the 1st quarter worth approximately $481,000. 76.28% of the stock is owned by institutional investors and hedge funds.

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.

Further Reading

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

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