Brokers Offer Predictions for A. O. Smith FY2024 Earnings

A. O. Smith Co. (NYSE:AOS) – Equities researchers at Zacks Research issued their FY2024 earnings estimates for shares of A. O. Smith in a report issued on Tuesday, November 12th. Zacks Research analyst R. Department anticipates that the industrial products company will post earnings per share of $3.78 for the year. The consensus estimate for A. O. Smith’s current full-year earnings is $3.78 per share. Zacks Research also issued estimates for A. O. Smith’s Q1 2025 earnings at $0.98 EPS, Q4 2025 earnings at $0.98 EPS, Q1 2026 earnings at $1.05 EPS, Q2 2026 earnings at $1.18 EPS and FY2026 earnings at $4.39 EPS.

A. O. Smith (NYSE:AOS) last released its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $0.82 EPS for the quarter, meeting the consensus estimate of $0.82. A. O. Smith had a net margin of 14.41% and a return on equity of 30.09%. The business had revenue of $957.80 million for the quarter, compared to the consensus estimate of $960.36 million. During the same period in the prior year, the firm earned $0.90 earnings per share.

AOS has been the subject of a number of other research reports. DA Davidson lowered A. O. Smith from a “buy” rating to a “neutral” rating and set a $80.00 price target for the company. in a research note on Wednesday, October 23rd. UBS Group raised A. O. Smith from a “sell” rating to a “neutral” rating and increased their price objective for the company from $75.00 to $80.00 in a research report on Wednesday, October 23rd. StockNews.com upgraded shares of A. O. Smith from a “hold” rating to a “buy” rating in a research report on Thursday, November 7th. Stifel Nicolaus cut their price target on A. O. Smith from $92.00 to $91.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Finally, Robert W. Baird lowered their target price on A. O. Smith from $82.00 to $81.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, A. O. Smith currently has an average rating of “Hold” and a consensus price target of $86.71.

A. O. Smith Stock Performance

Shares of AOS opened at $72.22 on Friday. The company has a current ratio of 1.67, a quick ratio of 1.02 and a debt-to-equity ratio of 0.06. The stock has a 50-day moving average price of $80.59 and a 200-day moving average price of $82.24. The company has a market cap of $10.47 billion, a PE ratio of 19.01, a price-to-earnings-growth ratio of 1.94 and a beta of 1.17. A. O. Smith has a 12-month low of $72.15 and a 12-month high of $92.44.

A. O. Smith Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.88%. This is a boost from A. O. Smith’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Thursday, October 31st. A. O. Smith’s dividend payout ratio is 35.79%.

Hedge Funds Weigh In On A. O. Smith

Hedge funds have recently modified their holdings of the business. University of Texas Texas AM Investment Management Co. purchased a new position in A. O. Smith during the 2nd quarter worth $25,000. Isthmus Partners LLC acquired a new stake in A. O. Smith during the 2nd quarter valued at $27,000. Quarry LP raised its holdings in shares of 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 acquiring an additional 245 shares during the last quarter. Waldron Private Wealth LLC purchased a new stake in shares of A. O. Smith in the third quarter valued at $32,000. Finally, Wolff Wiese Magana LLC acquired a new position in A. O. Smith in the 3rd quarter valued at about $37,000. 76.10% of the stock is currently owned by hedge funds and other institutional investors.

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.