Equities research analysts expect that A. O. Smith Co. (NYSE:AOS) will announce $770.18 million in sales for the current fiscal quarter, Zacks reports. Five analysts have made estimates for A. O. Smith’s earnings, with the lowest sales estimate coming in at $747.20 million and the highest estimate coming in at $790.00 million. A. O. Smith reported sales of $636.90 million in the same quarter last year, which indicates a positive year-over-year growth rate of 20.9%. The company is expected to issue its next earnings results on Tuesday, May 4th.
On average, analysts expect that A. O. Smith will report full year sales of $3.18 billion for the current fiscal year, with estimates ranging from $3.14 billion to $3.23 billion. For the next year, analysts forecast that the company will report sales of $3.33 billion, with estimates ranging from $3.30 billion to $3.35 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow A. O. Smith.
A. O. Smith (NYSE:AOS) last announced its earnings results on Wednesday, January 27th. The industrial products company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.15. A. O. Smith had a return on equity of 19.29% and a net margin of 11.25%. The firm had revenue of $834.50 million for the quarter, compared to analyst estimates of $769.10 million. During the same quarter last year, the firm posted $0.56 EPS. The business’s revenue was up 11.1% on a year-over-year basis.
In other news, VP Robert J. Heideman sold 7,336 shares of the business’s stock in a transaction on Wednesday, February 10th. The shares were sold at an average price of $61.02, for a total value of $447,642.72. Following the completion of the transaction, the vice president now owns 16,059 shares of the company’s stock, valued at approximately $979,920.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Idelle K. Wolf sold 1,970 shares of the business’s stock in a transaction on Tuesday, February 9th. The shares were sold at an average price of $61.64, for a total transaction of $121,430.80. Following the completion of the transaction, the director now directly owns 7,642 shares of the company’s stock, valued at approximately $471,052.88. The disclosure for this sale can be found here. Insiders sold a total of 10,306 shares of company stock valued at $625,444 in the last 90 days. 0.29% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in AOS. Canada Pension Plan Investment Board bought a new position in shares of A. O. Smith during the fourth quarter valued at $27,000. Signaturefd LLC increased its stake in A. O. Smith by 67.7% in the fourth quarter. Signaturefd LLC now owns 520 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 210 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of A. O. Smith during the fourth quarter valued at about $29,000. Alpha Paradigm Partners LLC acquired a new position in shares of A. O. Smith during the fourth quarter valued at about $51,000. Finally, Vantage Consulting Group Inc purchased a new position in A. O. Smith during the fourth quarter worth about $57,000. 75.05% of the stock is currently owned by hedge funds and other institutional investors.
A. O. Smith stock traded down $0.52 during midday trading on Thursday, reaching $61.33. 16,456 shares of the stock traded hands, compared to its average volume of 1,261,947. The company has a 50-day simple moving average of $57.75 and a two-hundred day simple moving average of $54.39. A. O. Smith has a 12-month low of $33.81 and a 12-month high of $61.96. The firm has a market cap of $9.92 billion, a PE ratio of 31.72, a price-to-earnings-growth ratio of 2.67 and a beta of 1.06. The company has a current ratio of 1.77, a quick ratio of 1.40 and a debt-to-equity ratio of 0.06.
The company also recently announced a quarterly dividend, which was paid on Tuesday, February 16th. Stockholders of record on Friday, January 29th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date was Thursday, January 28th. A. O. Smith’s dividend payout ratio (DPR) is currently 46.85%.
About A. O. Smith
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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