$791.40 Million in Sales Expected for A. O. Smith Corp (AOS) This Quarter

Equities analysts expect A. O. Smith Corp (NYSE:AOS) to announce $791.40 million in sales for the current quarter, Zacks Investment Research reports. Eight analysts have made estimates for A. O. Smith’s earnings, with the lowest sales estimate coming in at $779.20 million and the highest estimate coming in at $807.90 million. A. O. Smith posted sales of $740.00 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 6.9%. The business is expected to issue its next earnings report on Thursday, April 26th.

On average, analysts expect that A. O. Smith will report full year sales of $791.40 million for the current financial year, with estimates ranging from $3.23 billion to $3.28 billion. For the next fiscal year, analysts forecast that the company will post sales of $3.54 billion per share, with estimates ranging from $3.51 billion to $3.58 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for A. O. Smith.

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A. O. Smith (NYSE:AOS) last posted its quarterly earnings results on Tuesday, January 30th. The industrial products company reported $0.60 EPS for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.04. The business had revenue of $768.60 million for the quarter, compared to analysts’ expectations of $767.45 million. A. O. Smith had a return on equity of 23.30% and a net margin of 9.89%. The business’s quarterly revenue was up 10.1% on a year-over-year basis. During the same period last year, the firm earned $0.47 earnings per share.

A number of equities research analysts have commented on AOS shares. Stifel Nicolaus reissued a “hold” rating and set a $59.00 price target on shares of A. O. Smith in a report on Monday, December 11th. Zacks Investment Research cut A. O. Smith from a “hold” rating to a “sell” rating in a report on Tuesday, December 26th. BMO Capital Markets reissued a “buy” rating and set a $78.00 price target on shares of A. O. Smith in a report on Friday, January 26th. Boenning Scattergood reissued a “hold” rating on shares of A. O. Smith in a report on Tuesday, January 30th. Finally, Robert W. Baird reissued a “buy” rating and set a $70.00 price target on shares of A. O. Smith in a report on Wednesday, January 31st. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $67.83.

In other news, Chairman Ajita G. Rajendra sold 6,800 shares of A. O. Smith stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $64.02, for a total value of $435,336.00. Following the sale, the chairman now directly owns 301,018 shares of the company’s stock, valued at $19,271,172.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William P. Greubel sold 17,856 shares of A. O. Smith stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $66.50, for a total value of $1,187,424.00. The disclosure for this sale can be found here. Insiders sold 110,635 shares of company stock worth $7,149,622 over the last ninety days. Insiders own 1.28% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. BlackRock Inc. increased its holdings in shares of A. O. Smith by 0.5% in the fourth quarter. BlackRock Inc. now owns 9,903,069 shares of the industrial products company’s stock worth $606,860,000 after purchasing an additional 52,134 shares during the last quarter. Alliancebernstein L.P. increased its holdings in shares of A. O. Smith by 15.5% in the fourth quarter. Alliancebernstein L.P. now owns 4,074,225 shares of the industrial products company’s stock worth $249,669,000 after purchasing an additional 547,648 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of A. O. Smith by 27.6% in the third quarter. Wells Fargo & Company MN now owns 2,023,896 shares of the industrial products company’s stock worth $120,280,000 after purchasing an additional 438,063 shares during the last quarter. Impax Asset Management LTD increased its holdings in shares of A. O. Smith by 5.0% in the fourth quarter. Impax Asset Management LTD now owns 1,935,569 shares of the industrial products company’s stock worth $118,612,000 after purchasing an additional 91,809 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of A. O. Smith by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 1,740,078 shares of the industrial products company’s stock worth $106,429,000 after purchasing an additional 39,859 shares during the last quarter. 74.28% of the stock is currently owned by hedge funds and other institutional investors.

Shares of A. O. Smith (NYSE:AOS) opened at $66.16 on Wednesday. The company has a current ratio of 2.24, a quick ratio of 1.87 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $11,367.75, a PE ratio of 38.75, a price-to-earnings-growth ratio of 1.94 and a beta of 1.52. A. O. Smith has a twelve month low of $49.48 and a twelve month high of $68.39.

The company also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.09%. This is a boost from A. O. Smith’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Tuesday, January 30th. A. O. Smith’s payout ratio is 42.35%.

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A. O. Smith Company Profile

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

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