Wall Street brokerages expect A. O. Smith Corp (NYSE:AOS) to report $0.58 earnings per share (EPS) for the current quarter, Zacks reports. Eight analysts have made estimates for A. O. Smith’s earnings. The lowest EPS estimate is $0.54 and the highest is $0.65. A. O. Smith reported earnings of $0.60 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 3.3%. The firm is scheduled to announce its next earnings results on Wednesday, April 24th.

According to Zacks, analysts expect that A. O. Smith will report full year earnings of $2.72 per share for the current year, with EPS estimates ranging from $2.65 to $2.79. For the next year, analysts anticipate that the firm will report earnings of $2.98 per share, with EPS estimates ranging from $2.95 to $3.06. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover A. O. Smith.

A. O. Smith (NYSE:AOS) last posted its earnings results on Tuesday, January 29th. The industrial products company reported $0.74 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.03. The firm had revenue of $812.50 million during the quarter, compared to the consensus estimate of $821.35 million. A. O. Smith had a net margin of 13.93% and a return on equity of 26.00%. The company’s revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.60 EPS.

AOS has been the subject of a number of research analyst reports. ValuEngine downgraded shares of A. O. Smith from a “hold” rating to a “sell” rating in a research report on Wednesday, January 2nd. Oppenheimer reissued a “hold” rating on shares of A. O. Smith in a research report on Tuesday, October 30th. BMO Capital Markets downgraded shares of A. O. Smith from an “outperform” rating to a “market perform” rating and set a $53.00 target price for the company. in a research report on Wednesday, January 30th. Boenning Scattergood reissued a “buy” rating on shares of A. O. Smith in a research report on Tuesday, January 29th. Finally, Stephens initiated coverage on shares of A. O. Smith in a research report on Monday, November 19th. They set an “equal weight” rating and a $50.00 target price for the company. Three analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $62.56.

In other A. O. Smith news, SVP Paul R. Dana sold 4,836 shares of the stock in a transaction that occurred on Monday, February 11th. The shares were sold at an average price of $49.50, for a total value of $239,382.00. Following the completion of the sale, the senior vice president now owns 5,891 shares of the company’s stock, valued at $291,604.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Wallace E. Goodwin sold 13,200 shares of the stock in a transaction that occurred on Wednesday, February 6th. The shares were sold at an average price of $50.02, for a total transaction of $660,264.00. The disclosure for this sale can be found here. Insiders sold 38,036 shares of company stock valued at $1,879,646 in the last ninety days. 1.28% of the stock is owned by corporate insiders.

Large investors have recently modified their holdings of the business. Amalgamated Bank boosted its stake in shares of A. O. Smith by 56.9% during the 4th quarter. Amalgamated Bank now owns 33,785 shares of the industrial products company’s stock valued at $1,443,000 after buying an additional 12,247 shares during the last quarter. HRT Financial LLC bought a new position in A. O. Smith during the fourth quarter worth $839,000. CI Investments Inc. bought a new position in A. O. Smith during the fourth quarter worth $2,985,000. Macquarie Group Ltd. lifted its stake in A. O. Smith by 10.2% during the fourth quarter. Macquarie Group Ltd. now owns 56,228 shares of the industrial products company’s stock worth $2,401,000 after purchasing an additional 5,211 shares during the last quarter. Finally, Legal & General Group Plc lifted its stake in A. O. Smith by 16.4% during the fourth quarter. Legal & General Group Plc now owns 325,329 shares of the industrial products company’s stock worth $13,891,000 after purchasing an additional 45,825 shares during the last quarter. 77.59% of the stock is owned by institutional investors.

AOS opened at $51.64 on Friday. The company has a market cap of $8.74 billion, a P/E ratio of 19.79, a price-to-earnings-growth ratio of 1.67 and a beta of 1.37. A. O. Smith has a 1 year low of $40.34 and a 1 year high of $66.89. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.09 and a quick ratio of 1.70.

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 15th. Shareholders of record on Thursday, January 31st were given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.70%. The ex-dividend date was Wednesday, January 30th. A. O. Smith’s dividend payout ratio (DPR) is 33.72%.

A. O. Smith Company Profile

A. O. Smith Corporation manufactures and markets residential and commercial gas and electric water heaters, boilers, and water treatment products in North America, China, Europe, and India. The company offers water heaters for residences, restaurants, hotels and motels, office buildings, laundries, car washes, and small businesses; residential and commercial boilers for use in space heating applications for hospitals, schools, hotels, and other large 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 filtrations products for residences, restaurants, hotels, and offices.

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

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