A. O. Smith Co. to Post FY2024 Earnings of $4.06 Per Share, Zacks Research Forecasts (NYSE:AOS)

A. O. Smith Co. (NYSE:AOS) – Analysts at Zacks Research boosted their FY2024 earnings estimates for shares of A. O. Smith in a research report issued on Monday, June 17th. Zacks Research analyst R. Department now anticipates that the industrial products company will post earnings per share of $4.06 for the year, up from their prior estimate of $4.05. The consensus estimate for A. O. Smith’s current full-year earnings is $4.08 per share. Zacks Research also issued estimates for A. O. Smith’s Q4 2024 earnings at $1.04 EPS, Q1 2025 earnings at $1.04 EPS, Q3 2025 earnings at $1.07 EPS, Q4 2025 earnings at $1.13 EPS, FY2025 earnings at $4.35 EPS and FY2026 earnings at $4.69 EPS.

Other equities research analysts have also recently issued research reports about the stock. StockNews.com cut shares of A. O. Smith from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 6th. Oppenheimer reaffirmed a “market perform” rating on shares of A. O. Smith in a research note on Thursday, April 18th. Jefferies Financial Group lifted their target price on shares of A. O. Smith from $85.00 to $90.00 and gave the stock a “hold” rating in a research note on Friday, April 12th. Citigroup lifted their price target on A. O. Smith from $82.00 to $95.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Finally, Robert W. Baird lifted their price target on A. O. Smith from $86.00 to $92.00 and gave the stock a “neutral” rating in a report on Friday, April 26th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, A. O. Smith presently has a consensus rating of “Hold” and a consensus price target of $90.67.

A. O. Smith Trading Up 1.5 %

Shares of AOS opened at $83.69 on Tuesday. A. O. Smith has a 52-week low of $64.14 and a 52-week high of $89.96. The company has a quick ratio of 1.06, a current ratio of 1.65 and a debt-to-equity ratio of 0.06. The firm’s fifty day moving average is $84.52 and its two-hundred day moving average is $82.96. The stock has a market cap of $12.27 billion, a PE ratio of 21.68, a price-to-earnings-growth ratio of 2.25 and a beta of 1.19.

A. O. Smith (NYSE:AOS) last released its quarterly earnings results on Thursday, April 25th. The industrial products company reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.01. A. O. Smith had a net margin of 14.94% and a return on equity of 30.94%. The firm had revenue of $978.80 million for the quarter, compared to analysts’ expectations of $995.91 million. During the same quarter last year, the company earned $0.94 EPS. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year.

Institutional Trading of A. O. Smith

Institutional investors and hedge funds have recently bought and sold shares of the stock. ORG Partners LLC raised its holdings in A. O. Smith by 665.0% in the 1st quarter. ORG Partners LLC now owns 612 shares of the industrial products company’s stock valued at $55,000 after buying an additional 532 shares during the period. Twin Tree Management LP raised its holdings in A. O. Smith by 188.9% in the 1st quarter. Twin Tree Management LP now owns 737 shares of the industrial products company’s stock valued at $66,000 after buying an additional 1,566 shares during the period. Addison Advisors LLC increased its stake in A. O. Smith by 28.7% during the fourth quarter. Addison Advisors LLC now owns 916 shares of the industrial products company’s stock worth $76,000 after purchasing an additional 204 shares during the period. Covestor Ltd increased its stake in A. O. Smith by 39.2% during the third quarter. Covestor Ltd now owns 1,203 shares of the industrial products company’s stock worth $79,000 after purchasing an additional 339 shares during the period. Finally, Signaturefd LLC increased its stake in A. O. Smith by 25.5% during the fourth quarter. Signaturefd LLC now owns 961 shares of the industrial products company’s stock worth $79,000 after purchasing an additional 195 shares during the period. 76.10% of the stock is currently owned by hedge funds and other institutional investors.

A. O. Smith Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th were issued a $0.32 dividend. The ex-dividend date of this dividend was Monday, April 29th. This represents a $1.28 annualized dividend and a yield of 1.53%. A. O. Smith’s dividend payout ratio (DPR) is currently 33.16%.

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.