William Blair Analysts Lower Earnings Estimates for A. O. Smith Co. (NYSE:AOS)

A. O. Smith Co. (NYSE:AOSGet Rating) – Stock analysts at William Blair dropped their Q2 2022 earnings estimates for shares of A. O. Smith in a note issued to investors on Thursday, April 28th. William Blair analyst L. De. Maria now anticipates that the industrial products company will post earnings of $0.83 per share for the quarter, down from their prior forecast of $0.89. William Blair also issued estimates for A. O. Smith’s Q3 2022 earnings at $0.96 EPS and Q4 2022 earnings at $1.00 EPS.

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

NYSE:AOS opened at $58.43 on Monday. A. O. Smith has a 1 year low of $58.20 and a 1 year high of $86.74. The firm’s fifty day simple moving average is $65.91 and its 200 day simple moving average is $73.82. The company has a current ratio of 1.57, a quick ratio of 1.17 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $9.20 billion, a PE ratio of 18.37, a PEG ratio of 1.88 and a beta of 1.18.

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

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

In other A. O. Smith news, Director Michael M. Larsen acquired 3,925 shares of A. O. Smith stock in a transaction dated Tuesday, February 22nd. The stock was bought at an average cost of $69.87 per share, with a total value of $274,239.75. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.66% of the stock is currently owned by company insiders.

Large investors have recently added to or reduced their stakes in the company. Paragon Capital Management Ltd bought a new position in shares of A. O. Smith during the 4th quarter worth about $30,000. Centerpoint Advisors LLC bought a new position in A. O. Smith during the 1st quarter valued at about $28,000. Ellevest Inc. lifted its holdings in A. O. Smith by 189.5% during the 1st quarter. Ellevest Inc. now owns 440 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 288 shares during the last quarter. WASHINGTON TRUST Co lifted its holdings in A. O. Smith by 60.4% during the 4th quarter. WASHINGTON TRUST Co now owns 449 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 169 shares during the last quarter. Finally, Artemis Wealth Advisors LLC bought a new position in A. O. Smith during the 1st quarter valued at about $30,000. 76.28% of the stock is owned by institutional investors.

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.

See Also

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

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