A. O. Smith (AOS) Scheduled to Post Quarterly Earnings on Thursday

A. O. Smith (NYSE:AOS) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of $0.98 per share for the quarter. A. O. Smith has set its FY 2024 guidance at 3.900-4.150 EPS and its FY24 guidance at $3.90-$4.15 EPS.Parties interested in registering for the company’s conference call can do so using this link.

A. O. Smith (NYSE:AOS) last released its quarterly earnings results on Tuesday, January 30th. The industrial products company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.96 by $0.01. The firm had revenue of $988.10 million for the quarter, compared to analyst estimates of $985.89 million. A. O. Smith had a return on equity of 31.05% and a net margin of 14.45%. A. O. Smith’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.86 EPS. On average, analysts expect A. O. Smith to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

A. O. Smith Stock Performance

A. O. Smith stock opened at $86.46 on Thursday. The stock’s 50 day moving average price is $84.98 and its 200 day moving average price is $79.00. The firm has a market capitalization of $12.73 billion, a PE ratio of 23.37, a price-to-earnings-growth ratio of 2.31 and a beta of 1.25. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.06 and a current ratio of 1.59. A. O. Smith has a one year low of $63.88 and a one year high of $89.96.

A. O. Smith Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend is Monday, April 29th. A. O. Smith’s payout ratio is 34.59%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. StockNews.com lowered A. O. Smith from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 6th. Jefferies Financial Group upped their price target on A. O. Smith from $85.00 to $90.00 and gave the company a “hold” rating in a research report on Friday, April 12th. Stifel Nicolaus upped their price target on A. O. Smith from $85.00 to $91.00 and gave the company a “hold” rating in a research report on Wednesday. Finally, Citigroup upped their price objective on A. O. Smith from $82.00 to $95.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, A. O. Smith presently has a consensus rating of “Hold” and an average target price of $88.50.

Insider Activity

In other news, Director Idelle K. Wolf sold 814 shares of the company’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $80.00, for a total transaction of $65,120.00. Following the completion of the sale, the director now directly owns 46,140 shares of the company’s stock, valued at $3,691,200. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Idelle K. Wolf sold 814 shares of the stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $80.00, for a total value of $65,120.00. Following the completion of the sale, the director now directly owns 46,140 shares of the company’s stock, valued at approximately $3,691,200. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Robert J. Heideman sold 9,890 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $84.63, for a total value of $836,990.70. Following the completion of the sale, the vice president now directly owns 9,455 shares of the company’s stock, valued at $800,176.65. The disclosure for this sale can be found here. Insiders sold a total of 95,631 shares of company stock worth $8,042,535 over the last 90 days. 2.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of AOS. UniSuper Management Pty Ltd acquired a new stake in A. O. Smith in the 2nd quarter valued at approximately $66,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in A. O. Smith in the 1st quarter valued at approximately $106,000. Covestor Ltd grew its holdings in A. O. Smith by 48.7% in the 1st quarter. Covestor Ltd now owns 1,721 shares of the industrial products company’s stock valued at $110,000 after buying an additional 564 shares during the last quarter. Belpointe Asset Management LLC grew its holdings in A. O. Smith by 39.7% in the 1st quarter. Belpointe Asset Management LLC now owns 1,810 shares of the industrial products company’s stock valued at $125,000 after buying an additional 514 shares during the last quarter. Finally, Gladius Capital Management LP grew its holdings in A. O. Smith by 15.2% in the 3rd quarter. Gladius Capital Management LP now owns 2,103 shares of the industrial products company’s stock valued at $139,000 after buying an additional 278 shares during the last quarter. 76.10% of the stock is owned by institutional investors and hedge funds.

About A. O. Smith

A. O. Smith Corporation manufactures and markets residential and commercial gas and electric water heaters, boilers, heat pumps, tanks, and water treatment products in North America, China, Europe, and India. The company offers water heaters for residences, restaurants, hotels, office buildings, laundries, car washes, and small businesses; boilers for hospitals, schools, hotels, and other large commercial buildings, as well as homes, apartments, and condominiums; and water treatment products comprising point-of-entry water softeners, well water solutions, and whole-home water filtration products, and point-of-use carbon and reverse osmosis products for residences, restaurants, hotels, and offices.