Brokers Set Expectations for A. O. Smith FY2024 Earnings

A. O. Smith Co. (NYSE:AOS) – Zacks Research reduced their FY2024 earnings per share (EPS) estimates for A. O. Smith in a research note issued on Wednesday, December 11th. Zacks Research analyst R. Department now expects that the industrial products company will earn $3.76 per share for the year, down from their previous estimate of $3.78. The consensus estimate for A. O. Smith’s current full-year earnings is $3.77 per share.

A number of other research analysts have also issued reports on the company. UBS Group raised A. O. Smith from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $75.00 to $80.00 in a report on Wednesday, October 23rd. Citigroup decreased their target price on A. O. Smith from $85.00 to $78.00 and set a “neutral” rating on the stock in a report on Monday, December 9th. StockNews.com downgraded A. O. Smith from a “buy” rating to a “hold” rating in a report on Tuesday, December 10th. Robert W. Baird dropped their price target 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 lowered shares of A. O. Smith from a “buy” rating to a “neutral” rating and set a $80.00 price objective for the company. in a research note on Wednesday, October 23rd. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $83.17.

A. O. Smith Stock Performance

Shares of NYSE AOS opened at $71.90 on Monday. A. O. Smith has a 1 year low of $70.73 and a 1 year high of $92.44. The firm has a market cap of $10.42 billion, a P/E ratio of 18.92, a PEG ratio of 1.92 and a beta of 1.16. The stock has a fifty day moving average price of $75.86 and a two-hundred day moving average price of $80.51. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.02 and a current ratio of 1.67.

A. O. Smith (NYSE:AOS) last announced its earnings results 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. The firm had revenue of $957.80 million during the quarter, compared to analyst estimates of $960.36 million. A. O. Smith had a net margin of 14.41% and a return on equity of 30.09%. During the same quarter in the prior year, the firm posted $0.90 EPS.

A. O. Smith Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend was Thursday, October 31st. This is a positive change from A. O. Smith’s previous quarterly dividend of $0.32. A. O. Smith’s dividend payout ratio is currently 35.79%.

Institutional Investors Weigh In On A. O. Smith

A number of institutional investors have recently modified their holdings of the stock. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of A. O. Smith during the second quarter worth $25,000. Isthmus Partners LLC bought a new stake in shares of A. O. Smith in the 2nd quarter valued at approximately $27,000. Quarry LP increased its holdings 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 buying an additional 245 shares during the last quarter. Waldron Private Wealth LLC bought a new position in A. O. Smith during the third quarter valued at approximately $32,000. Finally, Wolff Wiese Magana LLC acquired a new stake in A. O. Smith in the third quarter valued at approximately $37,000. Institutional investors and hedge funds own 76.10% of the company’s stock.

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.