A. O. Smith (NYSE:AOS) posted its quarterly earnings results on Thursday. The industrial products company reported $0.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.03, MarketWatch Earnings reports. The firm had revenue of $663.90 million for the quarter, compared to analyst estimates of $664.82 million. A. O. Smith had a net margin of 10.72% and a return on equity of 18.38%. A. O. Smith updated its FY 2020
Pre-Market guidance to 1.72-1.86 EPS and its FY20 guidance to $1.72 to $1.86 EPS.
NYSE AOS traded down $0.32 during mid-day trading on Friday, reaching $48.14. 2,758,750 shares of the company’s stock traded hands, compared to its average volume of 977,544. The company has a current ratio of 1.96, a quick ratio of 1.62 and a debt-to-equity ratio of 0.19. A. O. Smith has a 1-year low of $33.81 and a 1-year high of $53.72. The company has a fifty day simple moving average of $48.34 and a 200-day simple moving average of $43.93. The company has a market cap of $7.81 billion, a price-to-earnings ratio of 26.31, a P/E/G ratio of 3.37 and a beta of 1.28.
The firm also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Friday, July 31st will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date is Thursday, July 30th. A. O. Smith’s dividend payout ratio is currently 43.24%.
In other A. O. Smith news, Director Ajita G. Rajendra sold 46,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $49.54, for a total value of $2,278,840.00. Following the transaction, the director now directly owns 135,147 shares of the company’s stock, valued at approximately $6,695,182.38. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.29% of the stock is owned by insiders.
About A. O. Smith
A. O. Smith Corporation manufactures and markets residential and commercial gas and electric water heaters, boilers, tanks, and water treatment products in North America, China, Europe, and India. It operates through two segments, North America and Rest of World. The company offers water heaters for residences, restaurants, hotels and motels, office buildings, laundries, car washes, and small businesses; residential and commercial boilers for space heating applications in hospitals, schools, hotels, and other commercial buildings; and water treatment products, including on-the-go filtration bottles, point-of-use carbon and reverse osmosis products, point-of-entry water softeners, and whole-home water filtration products for residences, restaurants, hotels, and offices.
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