Q3 2024 Earnings Estimate for A. O. Smith Co. Issued By Seaport Res Ptn (NYSE:AOS)

A. O. Smith Co. (NYSE:AOS) – Equities research analysts at Seaport Res Ptn lowered their Q3 2024 earnings per share estimates for A. O. Smith in a report released on Wednesday, July 24th. Seaport Res Ptn analyst S. Graham now anticipates that the industrial products company will post earnings per share of $0.95 for the quarter, down from their prior estimate of $0.97. The consensus estimate for A. O. Smith’s current full-year earnings is $4.06 per share. Seaport Res Ptn also issued estimates for A. O. Smith’s Q4 2024 earnings at $1.06 EPS, Q1 2025 earnings at $1.07 EPS, Q3 2025 earnings at $1.03 EPS and Q4 2025 earnings at $1.16 EPS.

A number of other research analysts have also recently issued reports on the company. Oppenheimer reiterated a “market perform” rating on shares of A. O. Smith in a research report on Thursday, April 18th. Robert W. Baird dropped their price objective on shares of A. O. Smith from $92.00 to $90.00 and set a “neutral” rating for the company in a research note on Wednesday. Citigroup boosted their target price on shares of A. O. Smith from $82.00 to $95.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. UBS Group increased their price target on A. O. Smith from $73.00 to $75.00 and gave the company a “sell” rating in a research note on Monday, July 8th. Finally, Stifel Nicolaus upgraded A. O. Smith from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $97.00 to $98.00 in a research report on Wednesday. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, A. O. Smith has an average rating of “Hold” and a consensus price target of $89.29.

A. O. Smith Trading Up 1.8 %

Shares of AOS opened at $82.18 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.06 and a current ratio of 1.70. A. O. Smith has a 52-week low of $64.14 and a 52-week high of $92.44. The firm has a market cap of $12.05 billion, a price-to-earnings ratio of 21.29, a PEG ratio of 2.21 and a beta of 1.15. The business’s fifty day moving average is $83.62 and its 200-day moving average is $83.78.

A. O. Smith (NYSE:AOS) last announced its quarterly earnings data on Tuesday, July 23rd. The industrial products company reported $1.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.01). A. O. Smith had a net margin of 14.67% and a return on equity of 31.04%. The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1 billion. During the same period last year, the business earned $1.01 earnings per share. The business’s revenue was up 6.6% compared to the same quarter last year.

Institutional Investors Weigh In On A. O. Smith

A number of institutional investors have recently made changes to their positions in AOS. Versant Capital Management Inc boosted its holdings in A. O. Smith by 157.2% in the second quarter. Versant Capital Management Inc now owns 463 shares of the industrial products company’s stock valued at $38,000 after acquiring an additional 283 shares during the last quarter. ORG Partners LLC increased its position in shares of A. O. Smith by 665.0% during the first quarter. ORG Partners LLC now owns 612 shares of the industrial products company’s stock worth $55,000 after buying an additional 532 shares during the period. Twin Tree Management LP raised its stake in A. O. Smith by 188.9% during the first quarter. Twin Tree Management LP now owns 737 shares of the industrial products company’s stock worth $66,000 after buying an additional 1,566 shares during the last quarter. Addison Advisors LLC lifted its holdings in A. O. Smith by 28.7% in the fourth quarter. Addison Advisors LLC now owns 916 shares of the industrial products company’s stock valued at $76,000 after buying an additional 204 shares during the period. Finally, Signaturefd LLC boosted its position in A. O. Smith by 25.5% during the fourth quarter. Signaturefd LLC now owns 961 shares of the industrial products company’s stock valued at $79,000 after acquiring an additional 195 shares during the last quarter. Institutional investors own 76.10% of the company’s stock.

A. O. Smith Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.56%. The ex-dividend date is Wednesday, July 31st. A. O. Smith’s payout ratio is presently 33.16%.

A. O. Smith Company Profile

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.