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.
A. O. Smith Stock Up 1.2 %
Shares of NYSE:AOS traded up $0.72 during mid-day trading on Thursday, hitting $62.42. The company had a trading volume of 532,549 shares, compared to its average volume of 1,100,021. The company has a current ratio of 1.76, a quick ratio of 1.23 and a debt-to-equity ratio of 0.16. The firm has a 50-day simple moving average of $57.87 and a two-hundred day simple moving average of $63.23. The company has a market capitalization of $9.64 billion, a PE ratio of 18.93, a price-to-earnings-growth ratio of 1.92 and a beta of 1.19. A. O. Smith has a one year low of $51.91 and a one year high of $86.74.
A. O. Smith (NYSE:AOS - Get Rating) last posted its quarterly earnings results on Thursday, July 28th. The industrial products company reported $0.82 earnings per share for the quarter, beating analysts' consensus estimates of $0.81 by $0.01. A. O. Smith had a return on equity of 28.47% and a net margin of 13.42%. The firm had revenue of $965.90 million during the quarter, compared to the consensus estimate of $959.82 million. During the same period last year, the company earned $0.73 earnings per share. The business's revenue was up 12.3% compared to the same quarter last year. On average, equities analysts expect that A. O. Smith will post 3.49 EPS for the current year.
A. O. Smith Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, August 15th. Shareholders of record on Friday, July 29th will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend is Thursday, July 28th. A. O. Smith's dividend payout ratio (DPR) is currently 34.36%.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on AOS shares. UBS Group lowered their target price on A. O. Smith from $85.00 to $64.00 and set a "neutral" rating for the company in a research note on Friday, May 20th. Northcoast Research initiated coverage on shares of A. O. Smith in a report on Monday, July 18th. They set a "buy" rating on the stock. William Blair lowered shares of A. O. Smith from an "outperform" rating to a "market perform" rating in a research note on Sunday, May 1st. Stifel Nicolaus dropped their price target on A. O. Smith from $59.00 to $58.00 in a research note on Wednesday, July 20th. Finally, Longbow Research raised A. O. Smith from a "neutral" rating to a "buy" rating and set a $71.00 price objective for the company in a research report on Wednesday, July 6th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $70.60.