A. O. Smith (AOS) Scheduled to Post Earnings on Thursday

Thursday, July 22, 2021 | MarketBeat

A. O. Smith (NYSE:AOS) is set to post its quarterly earnings results before the market opens on Thursday, July 29th. Analysts expect A. O. Smith to post earnings of $0.65 per share for the quarter. Individual that are interested in participating in the company's earnings conference call can do so using this link.

A. O. Smith (NYSE:AOS) last released its quarterly earnings data on Wednesday, April 28th. The industrial products company reported $0.60 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.57 by $0.03. A. O. Smith had a net margin of 12.91% and a return on equity of 22.37%. The business had revenue of $769.00 million for the quarter, compared to the consensus estimate of $768.60 million. During the same period in the prior year, the firm earned $0.32 earnings per share. The company's revenue was up 20.7% compared to the same quarter last year. On average, analysts expect A. O. Smith to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Shares of A. O. Smith stock opened at $70.73 on Thursday. A. O. Smith has a 12-month low of $47.16 and a 12-month high of $73.05. The stock has a market capitalization of $11.35 billion, a P/E ratio of 29.35, a price-to-earnings-growth ratio of 2.83 and a beta of 1.06. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.49 and a current ratio of 1.86. The stock has a 50-day moving average price of $69.77.

The company also recently declared a quarterly dividend, which will be paid on Monday, August 16th. Stockholders of record on Friday, July 30th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date is Thursday, July 29th. A. O. Smith's payout ratio is 48.15%.

AOS has been the topic of a number of recent analyst reports. Stifel Nicolaus downgraded shares of A. O. Smith from a "buy" rating to a "hold" rating and raised their target price for the company from $65.00 to $67.00 in a research note on Monday, April 5th. The Goldman Sachs Group raised their target price on shares of A. O. Smith from $35.00 to $40.00 and gave the company a "sell" rating in a research note on Friday, April 30th. Rosenblatt Securities raised their target price on shares of A. O. Smith from $85.00 to $88.00 and gave the company a "buy" rating in a research note on Friday, July 16th. Finally, Zacks Investment Research raised shares of A. O. Smith from a "hold" rating to a "buy" rating and set a $73.00 target price on the stock in a research note on Tuesday, March 30th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of "Hold" and an average price target of $64.14.

In related news, Director Ronald D. Brown sold 12,000 shares of the firm's stock in a transaction on Monday, May 3rd. The stock was sold at an average price of $68.71, for a total value of $824,520.00. Also, Director Bruce M. Smith sold 5,226 shares of the firm's stock in a transaction on Tuesday, May 18th. The stock was sold at an average price of $69.65, for a total value of $363,990.90. The disclosure for this sale can be found here. Insiders sold 125,328 shares of company stock worth $8,802,676 in the last 90 days. Company insiders own 1.04% of the company's stock.

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.

See Also: How a Put Option Works

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Should you invest $1,000 in A. O. Smith right now?

Before you consider A. O. Smith, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and A. O. Smith wasn't on the list.

While A. O. Smith currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The 5 Stocks Here

 


MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau

© American Consumer News, LLC dba MarketBeat® 2010-2021. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information

© 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research.