A. O. Smith (NYSE:AOS) Releases FY 2024 Earnings Guidance

A. O. Smith (NYSE:AOS) updated its FY 2024 earnings guidance on Thursday. The company provided EPS guidance of 3.900-4.150 for the period, compared to the consensus EPS estimate of 4.080. The company issued revenue guidance of $4.0 billion-$4.1 billion, compared to the consensus revenue estimate of $4.0 billion. A. O. Smith also updated its FY24 guidance to $3.90-$4.15 EPS.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on AOS. StockNews.com downgraded A. O. Smith from a strong-buy rating to a buy rating in a research report on Wednesday, March 6th. Citigroup lifted their price target on A. O. Smith from $82.00 to $95.00 and gave the stock a neutral rating in a report on Monday, April 8th. Jefferies Financial Group lifted their price target on A. O. Smith from $85.00 to $90.00 and gave the stock a hold rating in a report on Friday, April 12th. Stifel Nicolaus reduced their price target on A. O. Smith from $91.00 to $90.00 and set a hold rating for the company in a report on Friday. Finally, Oppenheimer reiterated a market perform rating on shares of A. O. Smith in a report on Thursday, April 18th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of Hold and an average price target of $90.67.

A. O. Smith Trading Up 0.5 %

Shares of NYSE:AOS opened at $83.21 on Friday. A. O. Smith has a 12-month low of $63.88 and a 12-month high of $89.96. The stock has a market cap of $12.25 billion, a PE ratio of 21.56, a P/E/G ratio of 2.26 and a beta of 1.25. The business has a 50 day moving average of $85.71 and a 200-day moving average of $79.92. The company has a quick ratio of 1.06, a current ratio of 1.65 and a debt-to-equity ratio of 0.06.

A. O. Smith (NYSE:AOS) last issued its quarterly earnings data on Thursday, April 25th. The industrial products company reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.01. A. O. Smith had a return on equity of 30.94% and a net margin of 14.94%. The company had revenue of $978.80 million during the quarter, compared to analysts’ expectations of $995.91 million. During the same quarter in the previous year, the company posted $0.94 earnings per share. The business’s revenue was up 1.3% on a year-over-year basis. As a group, equities research analysts forecast that A. O. Smith will post 4.09 earnings per share for the current year.

A. O. Smith Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors 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 1.54%. The ex-dividend date is Monday, April 29th. A. O. Smith’s payout ratio is currently 33.16%.

Insider Buying and Selling

In related news, Director Ajita G. Rajendra sold 60,258 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $84.51, for a total transaction of $5,092,403.58. Following the completion of the sale, the director now directly owns 56,951 shares in the company, valued at approximately $4,812,929.01. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, Director Ajita G. Rajendra sold 24,669 shares of the stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $83.02, for a total value of $2,048,020.38. Following the completion of the sale, the director now directly owns 56,951 shares in the company, valued at $4,728,072.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ajita G. Rajendra sold 60,258 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $84.51, for a total value of $5,092,403.58. Following the completion of the sale, the director now owns 56,951 shares of the company’s stock, valued at $4,812,929.01. The disclosure for this sale can be found here. Insiders sold 95,631 shares of company stock valued at $8,042,535 over the last quarter. 2.70% of the stock is owned by company insiders.

A. O. Smith Company Profile

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.