A. O. Smith Corporation manufactures and markets residential and commercial gas, heat pump 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; commercial boilers for hospitals, schools, hotels, and other large commercial buildings, as well as residential boilers for homes, apartments, and condominiums; and water treatment products comprising point-of-entry water softeners, well water solutions, and whole-home water filtration products, on-the-go filtration bottles, point-of-use carbon, and reverse osmosis products for residences, restaurants, hotels, and offices. It also provides food and beverage filtration products; expansion tanks, commercial solar water heating systems, swimming pool and spa heaters, and related products and parts; and heat pumps, electric wall-hung, gas tankless, combi-boiler, heat pump and solar water heaters. The company offers its products primarily under the A. O. Smith, State, Lochinvar, and water softener brands. It distributes its products through independent wholesale plumbing distributors, as well as through retail channels consisting of hardware and home center chains, and manufacturer representative firms; and offers Aquasana branded products directly to consumers through e-commerce, as well as other online retailers. A. O. Smith Corporation was founded in 1874 and is headquartered in Milwaukee, Wisconsin.
Wall Street Analysts Forecast Growth
AOS has been the topic of several recent analyst reports. UBS Group decreased their price objective on shares of A. O. Smith from $85.00 to $64.00 and set a "neutral" rating on the stock in a research report on Friday, May 20th. Northcoast Research assumed coverage on shares of A. O. Smith in a report on Monday, July 18th. They issued a "buy" rating on the stock. Stifel Nicolaus reduced their price target on shares of A. O. Smith from $59.00 to $58.00 in a report on Wednesday, July 20th. StockNews.com upgraded shares of A. O. Smith from a "hold" rating to a "buy" rating in a report on Tuesday, May 17th. Finally, Robert W. Baird downgraded shares of A. O. Smith from an "outperform" rating to a "neutral" rating and reduced their target price for the stock from $72.00 to $60.00 in a report on Thursday, July 14th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $70.60.
A. O. Smith Stock Performance
A. O. Smith stock opened at $63.87 on Friday. The company's 50-day moving average price is $57.96 and its 200-day moving average price is $62.95. A. O. Smith has a twelve month low of $51.91 and a twelve month high of $86.74. The company has a quick ratio of 1.23, a current ratio of 1.76 and a debt-to-equity ratio of 0.16. The company has a market cap of $9.86 billion, a PE ratio of 19.59, a price-to-earnings-growth ratio of 2.04 and a beta of 1.19.
A. O. Smith (NYSE:AOS - Get Rating) last released its quarterly earnings results on Thursday, July 28th. The industrial products company reported $0.82 EPS for the quarter, topping analysts' consensus estimates of $0.81 by $0.01. A. O. Smith had a net margin of 13.42% and a return on equity of 28.47%. The firm had revenue of $965.90 million during the quarter, compared to analysts' expectations of $959.82 million. During the same period in the previous year, the company earned $0.73 EPS. The firm's revenue for the quarter was up 12.3% compared to the same quarter last year. On average, equities research analysts forecast that A. O. Smith will post 3.49 EPS for the current fiscal year.
A. O. Smith Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, August 15th. Investors of record on Friday, July 29th will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, July 28th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.75%. A. O. Smith's dividend payout ratio is presently 34.36%.