Seaport Res Ptn Lowers Earnings Estimates for A. O. Smith

A. O. Smith Co. (NYSE:AOSFree Report) – Equities researchers at Seaport Res Ptn dropped their FY2024 EPS estimates for A. O. Smith in a note issued to investors on Thursday, November 14th. Seaport Res Ptn analyst S. Graham now forecasts that the industrial products company will post earnings per share of $3.75 for the year, down from their previous estimate of $3.77. The consensus estimate for A. O. Smith’s current full-year earnings is $3.78 per share. Seaport Res Ptn also issued estimates for A. O. Smith’s Q4 2024 earnings at $0.87 EPS, Q1 2025 earnings at $0.96 EPS, Q4 2025 earnings at $1.01 EPS, Q1 2026 earnings at $1.08 EPS, Q2 2026 earnings at $1.23 EPS, Q3 2026 earnings at $1.01 EPS and FY2026 earnings at $4.44 EPS.

Several other analysts have also weighed in on AOS. UBS Group upgraded shares of A. O. Smith from a “sell” rating to a “neutral” rating and lifted their target price for the company from $75.00 to $80.00 in a research report on Wednesday, October 23rd. DA Davidson lowered A. O. Smith from a “buy” rating to a “neutral” rating and set a $80.00 target price for the company. in a research note on Wednesday, October 23rd. StockNews.com upgraded shares of A. O. Smith from a “hold” rating to a “buy” rating in a research report on Thursday, November 7th. Robert W. Baird lowered their price target on shares of A. O. Smith from $82.00 to $81.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Finally, Stifel Nicolaus lowered their target price on A. O. Smith from $92.00 to $91.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, A. O. Smith currently has an average rating of “Hold” and a consensus price target of $86.71.

Read Our Latest Research Report on AOS

A. O. Smith Trading Down 1.1 %

A. O. Smith stock opened at $72.23 on Monday. The stock has a market cap of $10.47 billion, a price-to-earnings ratio of 19.01, a price-to-earnings-growth ratio of 1.91 and a beta of 1.17. The company has a quick ratio of 1.02, a current ratio of 1.67 and a debt-to-equity ratio of 0.06. The business has a 50 day moving average price of $80.59 and a two-hundred day moving average price of $82.23. A. O. Smith has a 12 month low of $72.15 and a 12 month high of $92.44.

A. O. Smith (NYSE:AOSGet Free Report) last issued its quarterly earnings results on Tuesday, October 22nd. The industrial products company reported $0.82 EPS for the quarter, hitting the consensus estimate of $0.82. A. O. Smith had a return on equity of 30.09% and a net margin of 14.41%. The company had revenue of $957.80 million for the quarter, compared to the consensus estimate of $960.36 million. During the same period in the previous year, the business posted $0.90 EPS.

A. O. Smith Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were issued a dividend of $0.34 per share. The ex-dividend date of this dividend was Thursday, October 31st. This is an increase from A. O. Smith’s previous quarterly dividend of $0.32. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.88%. A. O. Smith’s dividend payout ratio (DPR) is presently 35.79%.

Institutional Trading of A. O. Smith

A number of institutional investors have recently made changes to their positions in AOS. State Street Corp increased its stake in shares of A. O. Smith by 4.0% during the 3rd quarter. State Street Corp now owns 7,721,581 shares of the industrial products company’s stock worth $693,630,000 after purchasing an additional 299,766 shares during the last quarter. Select Equity Group L.P. boosted its stake in shares of A. O. Smith by 11.6% during the 2nd quarter. Select Equity Group L.P. now owns 3,852,467 shares of the industrial products company’s stock worth $315,055,000 after acquiring an additional 400,304 shares during the period. Geode Capital Management LLC boosted its position in A. O. Smith by 1.5% during the third quarter. Geode Capital Management LLC now owns 3,586,905 shares of the industrial products company’s stock worth $321,348,000 after purchasing an additional 52,593 shares during the period. Fisher Asset Management LLC increased its holdings in shares of A. O. Smith by 3.9% in the third quarter. Fisher Asset Management LLC now owns 2,302,659 shares of the industrial products company’s stock valued at $206,848,000 after purchasing an additional 87,458 shares during the last quarter. Finally, Earnest Partners LLC raised its position in shares of A. O. Smith by 3.7% in the second quarter. Earnest Partners LLC now owns 2,046,798 shares of the industrial products company’s stock valued at $167,387,000 after purchasing an additional 72,856 shares during the period. Institutional investors own 76.10% of the company’s stock.

A. O. Smith Company Profile

(Get Free Report)

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.

See Also

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

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