A. O. Smith (AOS) to Release Earnings on Thursday

A. O. Smith (NYSE:AOS) will issue its quarterly earnings data before the market opens on Thursday, April 25th. Analysts expect the company to announce 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 interested in listening 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 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.01. A. O. Smith had a net margin of 14.45% and a return on equity of 31.05%. The firm had revenue of $988.10 million for the quarter, compared to analysts’ expectations of $985.89 million. During the same quarter in the previous year, the business posted $0.86 EPS. The company’s quarterly revenue was up 5.6% on a year-over-year basis. 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 $87.90 on Wednesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.06 and a current ratio of 1.59. The company has a 50 day simple moving average of $85.50 and a two-hundred day simple moving average of $79.67. A. O. Smith has a fifty-two week low of $63.88 and a fifty-two week high of $89.96. The company has a market capitalization of $12.94 billion, a price-to-earnings ratio of 23.76, a P/E/G ratio of 2.33 and a beta of 1.25.

A. O. Smith Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be given a $0.32 dividend. The ex-dividend date is Monday, April 29th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.46%. A. O. Smith’s dividend payout ratio is currently 34.59%.

Insider Buying and Selling at A. O. Smith

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

Analyst Upgrades and Downgrades

AOS has been the topic of a number of analyst reports. Citigroup boosted their price target on A. O. Smith from $82.00 to $95.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Jefferies Financial Group boosted their price target on A. O. Smith from $85.00 to $90.00 and gave the stock a “hold” rating in a research report on Friday, April 12th. Oppenheimer reissued a “market perform” rating on shares of A. O. Smith in a research report on Thursday, April 18th. StockNews.com lowered shares of A. O. Smith from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 6th. Finally, Stifel Nicolaus boosted their price objective on shares of A. O. Smith from $85.00 to $91.00 and gave the stock a “hold” rating in a report on Wednesday, April 17th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, A. O. Smith currently has an average rating of “Hold” and a consensus target price of $88.50.

About A. O. Smith

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.