A. O. Smith (NYSE:AOS) Releases Earnings Results

A. O. Smith (NYSE:AOS) announced its quarterly earnings data on Thursday. The industrial products company reported $0.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.03, MarketWatch Earnings reports. The business had revenue of $663.90 million during the quarter, compared to analyst estimates of $664.82 million. A. O. Smith had a return on equity of 18.38% and a net margin of 10.72%. A. O. Smith updated its FY 2020
Pre-Market guidance to 1.72-1.86 EPS and its FY20 guidance to $1.72 to $1.86 EPS.

Shares of NYSE:AOS opened at $48.14 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.62 and a current ratio of 1.96. The stock’s 50-day moving average is $48.34 and its 200-day moving average is $43.93. The company has a market cap of $7.76 billion, a P/E ratio of 26.31, a P/E/G ratio of 3.34 and a beta of 1.28. A. O. Smith has a 52-week low of $33.81 and a 52-week high of $53.72.

The company also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Friday, July 31st will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date is Thursday, July 30th. A. O. Smith’s dividend payout ratio (DPR) is 43.24%.

In related news, Director Ajita G. Rajendra sold 46,000 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $49.54, for a total transaction of $2,278,840.00. Following the completion of the transaction, the director now owns 135,147 shares of the company’s stock, valued at approximately $6,695,182.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.29% of the company’s stock.

A number of research firms recently commented on AOS. Boenning Scattergood upgraded A. O. Smith from a “neutral” rating to an “outperform” rating in a report on Wednesday, May 6th. Robert W. Baird increased their price target on shares of A. O. Smith from $45.00 to $49.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 17th. TheStreet raised shares of A. O. Smith from a “c+” rating to a “b” rating in a research note on Thursday. UBS Group assumed coverage on shares of A. O. Smith in a research report on Friday, May 29th. They set a “buy” rating and a $54.00 target price on the stock. Finally, Cfra cut their target price on A. O. Smith from $39.00 to $32.00 and set a “strong sell” rating on the stock in a report on Wednesday, May 6th. Two analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. A. O. Smith currently has an average rating of “Hold” and a consensus target price of $45.00.

A. O. Smith Company Profile

A. O. Smith Corporation manufactures and markets residential and commercial gas 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; residential and commercial boilers for space heating applications in hospitals, schools, hotels, and other commercial buildings; and water treatment products, including on-the-go filtration bottles, point-of-use carbon and reverse osmosis products, point-of-entry water softeners, and whole-home water filtration products for residences, restaurants, hotels, and offices.

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

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