Q3 2024 EPS Estimates for A. O. Smith Co. (NYSE:AOS) Increased by Analyst

A. O. Smith Co. (NYSE:AOS) – Research analysts at Seaport Res Ptn increased their Q3 2024 earnings estimates for A. O. Smith in a research report issued to clients and investors on Sunday, April 14th. Seaport Res Ptn analyst S. Graham now anticipates that the industrial products company will post earnings of $0.99 per share for the quarter, up from their prior estimate of $0.91. The consensus estimate for A. O. Smith’s current full-year earnings is $4.10 per share. Seaport Res Ptn also issued estimates for A. O. Smith’s Q4 2024 earnings at $1.02 EPS, Q3 2025 earnings at $1.07 EPS, Q4 2025 earnings at $1.12 EPS and FY2025 earnings at $4.42 EPS.

A. O. Smith (NYSE:AOS) last announced its quarterly earnings data on Tuesday, January 30th. The industrial products company reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.01. The firm had revenue of $988.10 million during the quarter, compared to analysts’ expectations of $985.89 million. A. O. Smith had a net margin of 14.45% and a return on equity of 31.05%. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.86 earnings per share.

Several other research analysts have also recently commented on the stock. Stifel Nicolaus boosted their price target on shares of A. O. Smith from $85.00 to $91.00 and gave the stock a “hold” rating in a report on Wednesday. Oppenheimer reiterated a “market perform” rating on shares of A. O. Smith in a report on Thursday. StockNews.com cut shares of A. O. Smith from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 6th. Jefferies Financial Group boosted their price target on shares of A. O. Smith from $85.00 to $90.00 and gave the stock a “hold” rating in a report on Friday, April 12th. Finally, Citigroup boosted their price target on shares of A. O. Smith from $82.00 to $95.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $88.50.

A. O. Smith Trading Up 0.3 %

Shares of AOS stock opened at $86.69 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. A. O. Smith has a fifty-two week low of $63.88 and a fifty-two week high of $89.96. The stock has a market capitalization of $12.76 billion, a P/E ratio of 23.43, a price-to-earnings-growth ratio of 2.32 and a beta of 1.25. The company has a 50 day moving average price of $85.11 and a 200 day moving average price of $79.05.

A. O. Smith Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend is Monday, April 29th. A. O. Smith’s payout ratio is 34.59%.

Insider Activity

In other news, Director Idelle K. Wolf sold 814 shares of the company’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $80.00, for a total value of $65,120.00. Following the completion of the transaction, the director now 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 at this link. In related news, Director Idelle K. Wolf sold 814 shares of the company’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $80.00, for a total value of $65,120.00. Following the completion of the sale, the director now owns 46,140 shares in the company, valued at approximately $3,691,200. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Ajita G. Rajendra sold 60,258 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $84.51, for a total transaction of $5,092,403.58. Following the completion of the sale, the director now owns 56,951 shares of the company’s stock, valued at approximately $4,812,929.01. The disclosure for this sale can be found here. In the last quarter, insiders sold 95,631 shares of company stock worth $8,042,535. Corporate insiders own 2.70% of the company’s stock.

Institutional Trading of A. O. Smith

Several institutional investors and hedge funds have recently bought and sold shares of the business. Tokio Marine Asset Management Co. Ltd. raised its position in A. O. Smith by 4.7% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,230 shares of the industrial products company’s stock worth $214,000 after buying an additional 145 shares during the last quarter. Avantax Advisory Services Inc. raised its position in A. O. Smith by 3.2% during the 3rd quarter. Avantax Advisory Services Inc. now owns 4,762 shares of the industrial products company’s stock worth $315,000 after buying an additional 148 shares during the last quarter. Tower Research Capital LLC TRC raised its position in A. O. Smith by 4.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,105 shares of the industrial products company’s stock worth $299,000 after buying an additional 162 shares during the last quarter. American International Group Inc. raised its position in A. O. Smith by 0.5% during the 4th quarter. American International Group Inc. now owns 33,231 shares of the industrial products company’s stock worth $2,740,000 after buying an additional 163 shares during the last quarter. Finally, First Republic Investment Management Inc. raised its position in A. O. Smith by 1.5% during the 2nd quarter. First Republic Investment Management Inc. now owns 11,922 shares of the industrial products company’s stock worth $652,000 after buying an additional 172 shares during the last quarter. Hedge funds and other institutional investors own 76.10% of the company’s stock.

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.