A. O. Smith (AOS) Scheduled to Post Quarterly Earnings on Thursday

A. O. Smith (NYSE:AOS) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, April 25th. Analysts expect A. O. Smith to post earnings of $0.98 per share for the quarter. A. O. Smith has set its FY 2024 guidance at 3.900-4.150 EPS and its FY24 guidance at $3.90-$4.15 EPS.Parties that wish to listen to the company’s conference call can do so using this link.

A. O. Smith (NYSE:AOS) last announced its earnings results on Tuesday, January 30th. The industrial products company reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.01. A. O. Smith had a return on equity of 31.05% and a net margin of 14.45%. The firm had revenue of $988.10 million for the quarter, compared to the consensus estimate of $985.89 million. During the same quarter in the previous year, the business earned $0.86 EPS. The company’s revenue was up 5.6% compared to the same quarter last year. On average, analysts expect A. O. Smith to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

A. O. Smith Price Performance

Shares of NYSE AOS opened at $86.46 on Thursday. A. O. Smith has a twelve month low of $63.88 and a twelve month high of $89.96. The stock’s 50 day moving average price is $84.98 and its 200-day moving average price is $79.00. The company has a market capitalization of $12.73 billion, a PE ratio of 23.37, a PEG ratio of 2.31 and a beta of 1.25. The company has a quick ratio of 1.06, a current ratio of 1.59 and a debt-to-equity ratio of 0.06.

A. O. Smith Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a $1.28 dividend on an annualized basis and a yield of 1.48%. A. O. Smith’s payout ratio is 34.59%.

Insider Buying and Selling at A. O. Smith

In other news, VP Robert J. Heideman sold 9,890 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $84.63, for a total transaction of $836,990.70. Following the completion of the sale, the vice president now directly owns 9,455 shares in the company, valued at $800,176.65. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, VP Robert J. Heideman sold 9,890 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $84.63, for a total transaction of $836,990.70. Following the completion of the sale, the vice president now directly owns 9,455 shares in the company, valued at $800,176.65. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Idelle K. Wolf sold 814 shares of the stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $80.00, for a total transaction of $65,120.00. Following the sale, the director now owns 46,140 shares of the company’s stock, valued at $3,691,200. The disclosure for this sale can be found here. Insiders sold a total of 95,631 shares of company stock worth $8,042,535 over the last three months. Company insiders own 2.70% of the company’s stock.

Hedge Funds Weigh In On A. O. Smith

A number of institutional investors have recently bought and sold shares of AOS. Tower Research Capital LLC TRC increased its stake in shares of A. O. Smith by 4.1% during the second quarter. Tower Research Capital LLC TRC now owns 4,105 shares of the industrial products company’s stock valued at $299,000 after purchasing an additional 162 shares in the last quarter. American International Group Inc. increased its stake in shares of A. O. Smith by 0.5% during the fourth quarter. American International Group Inc. now owns 33,231 shares of the industrial products company’s stock valued at $2,740,000 after purchasing an additional 163 shares in the last quarter. First Republic Investment Management Inc. increased its stake in shares of A. O. Smith by 1.5% during the second quarter. First Republic Investment Management Inc. now owns 11,922 shares of the industrial products company’s stock valued at $652,000 after purchasing an additional 172 shares in the last quarter. CIBC Asset Management Inc increased its stake in shares of A. O. Smith by 1.0% during the first quarter. CIBC Asset Management Inc now owns 17,581 shares of the industrial products company’s stock valued at $1,216,000 after purchasing an additional 181 shares in the last quarter. Finally, Raymond James Trust N.A. increased its stake in shares of A. O. Smith by 4.9% during the first quarter. Raymond James Trust N.A. now owns 4,351 shares of the industrial products company’s stock valued at $278,000 after purchasing an additional 205 shares in the last quarter. 76.10% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Jefferies Financial Group boosted their target price on shares of A. O. Smith from $85.00 to $90.00 and gave the company a “hold” rating in a report on Friday, April 12th. Stifel Nicolaus upped their price target on shares of A. O. Smith from $85.00 to $91.00 and gave the stock a “hold” rating in a report on Wednesday. Citigroup upped their price target on shares of A. O. Smith from $82.00 to $95.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Finally, StockNews.com cut shares of A. O. Smith from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 6th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $88.50.

A. O. Smith Company Profile

A. O. Smith Corporation manufactures and markets residential and commercial gas and electric water heaters, boilers, heat pumps, tanks, and water treatment products in North America, China, Europe, and India. The company offers water heaters for residences, restaurants, hotels, office buildings, laundries, car washes, and small businesses; boilers for hospitals, schools, hotels, and other large commercial buildings, as well as homes, apartments, and condominiums; and water treatment products comprising point-of-entry water softeners, well water solutions, and whole-home water filtration products, and point-of-use carbon and reverse osmosis products for residences, restaurants, hotels, and offices.