A. O. Smith (NYSE:AOS) Releases Quarterly Earnings Results, Beats Estimates By $0.03 EPS

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%.

Several research firms have recently issued reports on AOS. TheStreet raised shares of A. O. Smith from a “c+” rating to a “b” rating in a research report on Thursday. Zacks Investment Research upgraded A. O. Smith from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a report on Tuesday, July 7th. UBS Group began coverage on A. O. Smith in a research note on Friday, May 29th. They set a “buy” rating and a $54.00 price objective on the stock. Cfra decreased their target price on A. O. Smith from $39.00 to $32.00 and set a “strong sell” rating for the company in a research report on Wednesday, May 6th. Finally, Rosenblatt Securities reiterated a “hold” rating and set a $48.00 target price on shares of A. O. Smith in a report on Thursday. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $45.00.

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.

Featured Story: The components of the Stochastic Momentum Index

Earnings History for A. O. Smith (NYSE:AOS)

Receive News & Ratings for A. O. Smith Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for A. O. Smith and related companies with MarketBeat.com's FREE daily email newsletter.