$739.56 Million in Sales Expected for Smith (A.O.) Corporation (AOS) This Quarter
Equities analysts forecast that Smith (A.O.) Corporation (NYSE:AOS) will announce $739.56 million in sales for the current quarter, Zacks Investment Research reports. Nine analysts have issued estimates for Smith (A.O.) Corporation’s earnings. The lowest sales estimate is $711.00 million and the highest is $751.80 million. Smith (A.O.) Corporation reported sales of $683.90 million in the same quarter last year, which indicates a positive year over year growth rate of 8.1%. The company is scheduled to report its next quarterly earnings results on Wednesday, October 25th.
On average, analysts expect that Smith (A.O.) Corporation will report full-year sales of $739.56 million for the current financial year, with estimates ranging from $2.91 billion to $2.99 billion. For the next fiscal year, analysts forecast that the company will post sales of $3.23 billion per share, with estimates ranging from $3.16 billion to $3.26 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Smith (A.O.) Corporation.
Smith (A.O.) Corporation (NYSE:AOS) last posted its quarterly earnings data on Wednesday, July 26th. The industrial products company reported $0.53 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.53. The firm had revenue of $738.20 million for the quarter, compared to analysts’ expectations of $729.33 million. Smith (A.O.) Corporation had a net margin of 12.10% and a return on equity of 22.25%. The business’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter last year, the company posted $0.49 EPS.
A number of brokerages recently weighed in on AOS. Zacks Investment Research lowered shares of Smith (A.O.) Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, May 2nd. BidaskClub lowered shares of Smith (A.O.) Corporation from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. BMO Capital Markets restated a “buy” rating and set a $60.00 target price on shares of Smith (A.O.) Corporation in a research report on Friday, July 28th. Jefferies Group LLC set a $60.00 target price on shares of Smith (A.O.) Corporation and gave the stock a “buy” rating in a research report on Thursday, June 1st. Finally, Boenning Scattergood reiterated a “buy” rating on shares of Smith (A.O.) Corporation in a research report on Wednesday, July 26th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Smith (A.O.) Corporation has a consensus rating of “Buy” and an average price target of $66.80.
Shares of Smith (NYSE AOS) opened at 54.03 on Thursday. Smith has a 52-week low of $43.66 and a 52-week high of $57.97. The stock has a market cap of $9.45 billion, a PE ratio of 27.43 and a beta of 1.51. The stock’s 50 day moving average is $56.14 and its 200 day moving average is $52.78.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st will be given a dividend of $0.14 per share. The ex-dividend date is Thursday, July 27th. This represents a $0.56 annualized dividend and a yield of 1.04%. Smith (A.O.) Corporation’s dividend payout ratio (DPR) is currently 28.43%.
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In other Smith (A.O.) Corporation news, VP James F. Stern sold 25,200 shares of the stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $54.45, for a total transaction of $1,372,140.00. Following the completion of the transaction, the vice president now owns 176,583 shares in the company, valued at $9,614,944.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul W. Jones sold 60,000 shares of the stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $54.02, for a total transaction of $3,241,200.00. Following the transaction, the director now owns 277,465 shares of the company’s stock, valued at approximately $14,988,659.30. The disclosure for this sale can be found here. Insiders have sold 105,400 shares of company stock valued at $5,734,444 in the last quarter. 1.27% of the stock is owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. Korea Investment CORP acquired a new position in Smith (A.O.) Corporation during the first quarter valued at approximately $102,000. CENTRAL TRUST Co increased its stake in shares of Smith (A.O.) Corporation by 3.7% in the second quarter. CENTRAL TRUST Co now owns 1,866 shares of the industrial products company’s stock valued at $105,000 after buying an additional 66 shares in the last quarter. Benjamin F. Edwards & Company Inc. purchased a new stake in shares of Smith (A.O.) Corporation during the second quarter valued at $113,000. Van ECK Associates Corp increased its stake in shares of Smith (A.O.) Corporation by 7.0% in the first quarter. Van ECK Associates Corp now owns 2,226 shares of the industrial products company’s stock valued at $114,000 after buying an additional 145 shares in the last quarter. Finally, Creative Planning increased its stake in shares of Smith (A.O.) Corporation by 130.9% in the first quarter. Creative Planning now owns 2,949 shares of the industrial products company’s stock valued at $151,000 after buying an additional 1,672 shares in the last quarter. Institutional investors and hedge funds own 74.64% of the company’s stock.
About Smith (A.O.) Corporation
A. O. Smith Corporation operates through two segments: North America and Rest of World. The Company’s Rest of World segment primarily consists of China, Europe and India. Both segments manufacture and market comprehensive lines of residential and commercial gas, gas tankless and electric water heaters, as well as water treatment products.
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