FY2024 EPS Estimates for A. O. Smith Cut by Seaport Res Ptn

A. O. Smith Co. (NYSE:AOS) – Analysts at Seaport Res Ptn decreased their FY2024 earnings per share estimates for A. O. Smith in a research report issued on Thursday, November 14th. Seaport Res Ptn analyst S. Graham now expects that the industrial products company will post earnings of $3.75 per share for the year, down from their previous forecast of $3.77. The consensus estimate for A. O. Smith’s current full-year earnings is $3.78 per share. Seaport Res Ptn also issued estimates for A. O. Smith’s Q4 2024 earnings at $0.87 EPS, Q1 2025 earnings at $0.96 EPS, Q4 2025 earnings at $1.01 EPS, Q1 2026 earnings at $1.08 EPS, Q2 2026 earnings at $1.23 EPS, Q3 2026 earnings at $1.01 EPS and FY2026 earnings at $4.44 EPS.

A. O. Smith (NYSE:AOS) last announced its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $0.82 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.82. A. O. Smith had a net margin of 14.41% and a return on equity of 30.09%. The business had revenue of $957.80 million during the quarter, compared to analyst estimates of $960.36 million. During the same period last year, the firm posted $0.90 EPS.

A number of other analysts also recently issued reports on the company. Stifel Nicolaus reduced their price objective on A. O. Smith from $92.00 to $91.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. StockNews.com raised shares of A. O. Smith from a “hold” rating to a “buy” rating in a research note on Thursday, November 7th. UBS Group raised shares of A. O. Smith from a “sell” rating to a “neutral” rating and increased their price target for the company from $75.00 to $80.00 in a report on Wednesday, October 23rd. Robert W. Baird reduced their price objective on A. O. Smith from $82.00 to $81.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. Finally, DA Davidson cut A. O. Smith from a “buy” rating to a “neutral” rating and set a $80.00 target price for the company. in a report on Wednesday, October 23rd. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $86.71.

A. O. Smith Trading Down 1.0 %

Shares of A. O. Smith stock opened at $71.42 on Monday. A. O. Smith has a twelve month low of $71.04 and a twelve month high of $92.44. The company has a quick ratio of 1.02, a current ratio of 1.67 and a debt-to-equity ratio of 0.06. The business has a 50-day moving average price of $80.33 and a 200-day moving average price of $82.06. The firm has a market cap of $10.36 billion, a price-to-earnings ratio of 18.79, a PEG ratio of 1.91 and a beta of 1.17.

A. O. Smith Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were issued a dividend of $0.34 per share. This is a positive change from A. O. Smith’s previous quarterly dividend of $0.32. The ex-dividend date was Thursday, October 31st. This represents a $1.36 dividend on an annualized basis and a yield of 1.90%. A. O. Smith’s dividend payout ratio (DPR) is presently 35.79%.

Institutional Investors Weigh In On A. O. Smith

Several large investors have recently added to or reduced their stakes in AOS. University of Texas Texas AM Investment Management Co. bought a new position in A. O. Smith in the second quarter worth approximately $25,000. Isthmus Partners LLC bought a new stake in shares of A. O. Smith in the second quarter valued at about $27,000. Quarry LP lifted its stake in A. O. Smith by 214.9% in the second quarter. Quarry LP now owns 359 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 245 shares during the period. Waldron Private Wealth LLC purchased a new position in A. O. Smith during the 3rd quarter valued at about $32,000. Finally, Wolff Wiese Magana LLC bought a new stake in shares of A. O. Smith in the 3rd quarter valued at about $37,000. 76.10% of the stock is owned by hedge funds and other institutional investors.

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.