A. O. Smith (NYSE:AOS) Announces Quarterly Earnings Results

A. O. Smith (NYSE:AOS) released its quarterly earnings results on Tuesday. The industrial products company reported $0.82 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.82, Briefing.com reports. A. O. Smith had a return on equity of 31.04% and a net margin of 14.67%. The firm had revenue of $957.80 million during the quarter, compared to the consensus estimate of $960.36 million. During the same quarter in the prior year, the firm posted $0.90 EPS.

A. O. Smith Trading Down 0.4 %

Shares of A. O. Smith stock traded down $0.34 on Wednesday, hitting $77.87. 412,770 shares of the company’s stock traded hands, compared to its average volume of 960,768. The company has a market capitalization of $11.36 billion, a price-to-earnings ratio of 20.10, a price-to-earnings-growth ratio of 2.32 and a beta of 1.15. The company has a fifty day moving average of $82.64 and a two-hundred day moving average of $83.52. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.70 and a quick ratio of 1.07. A. O. Smith has a one year low of $65.08 and a one year high of $92.44.

A. O. Smith Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.75%. This is an increase from A. O. Smith’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Thursday, October 31st. A. O. Smith’s payout ratio is currently 32.99%.

Wall Street Analysts Forecast Growth

AOS has been the subject of several recent research reports. StockNews.com upgraded shares of A. O. Smith from a “hold” rating to a “buy” rating in a report on Friday, October 18th. Robert W. Baird decreased their price objective on A. O. Smith from $82.00 to $81.00 and set a “neutral” rating for the company in a report on Wednesday. Stifel Nicolaus raised A. O. Smith from a “hold” rating to a “buy” rating and lifted their target price for the company from $97.00 to $98.00 in a research report on Wednesday, July 24th. UBS Group upgraded A. O. Smith from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $75.00 to $80.00 in a research note on Wednesday. Finally, DA Davidson downgraded A. O. Smith from a “buy” rating to a “neutral” rating and set a $80.00 price target on the stock. in a research report on Wednesday. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, A. O. Smith currently has an average rating of “Hold” and a consensus target price of $87.71.

Insider Buying and Selling at A. O. Smith

In other news, SVP Samuel M. Carver sold 14,705 shares of A. O. Smith stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $81.00, for a total value of $1,191,105.00. Following the completion of the sale, the senior vice president now owns 2,399 shares in the company, valued at $194,319. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 2.70% of the company’s stock.

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.