Zacks Research Predicts A. O. Smith FY2024 Earnings

A. O. Smith Co. (NYSE:AOS) – Research analysts at Zacks Research issued their FY2024 earnings per share estimates for shares of A. O. Smith in a research note issued on Tuesday, November 12th. Zacks Research analyst R. Department forecasts that the industrial products company will post earnings of $3.78 per share for the year. The consensus estimate for A. O. Smith’s current full-year earnings is $3.78 per share. Zacks Research also issued estimates for A. O. Smith’s Q1 2025 earnings at $0.98 EPS, Q4 2025 earnings at $0.98 EPS, Q1 2026 earnings at $1.05 EPS, Q2 2026 earnings at $1.18 EPS and FY2026 earnings at $4.39 EPS.

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

A. O. Smith Trading Down 1.1 %

NYSE AOS opened at $72.22 on Friday. The firm has a market capitalization of $10.47 billion, a PE ratio of 19.01, a price-to-earnings-growth ratio of 1.94 and a beta of 1.17. A. O. Smith has a one year low of $72.15 and a one year high of $92.44. The company has a 50-day simple moving average of $80.59 and a 200-day simple moving average of $82.24. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.02 and a current ratio of 1.67.

A. O. Smith (NYSE:AOS) last posted its quarterly earnings results on Tuesday, October 22nd. The industrial products company reported $0.82 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.82. The firm had revenue of $957.80 million for the quarter, compared to analysts’ expectations of $960.36 million. A. O. Smith had a net margin of 14.41% and a return on equity of 30.09%. During the same period in the prior year, the company posted $0.90 earnings per share.

Hedge Funds Weigh In On A. O. Smith

Several large investors have recently added to or reduced their stakes in the company. University of Texas Texas AM Investment Management Co. acquired a new stake in A. O. Smith in the 2nd quarter valued at $25,000. Isthmus Partners LLC acquired a new stake in shares of A. O. Smith in the 2nd quarter valued at $27,000. Quarry LP grew its holdings in shares of A. O. Smith by 214.9% in the 2nd quarter. Quarry LP now owns 359 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 245 shares during the last quarter. Waldron Private Wealth LLC acquired a new stake in shares of A. O. Smith during the 3rd quarter worth about $32,000. Finally, Wolff Wiese Magana LLC bought a new position in A. O. Smith during the 3rd quarter valued at about $37,000. Institutional investors and hedge funds own 76.10% of the company’s stock.

A. O. Smith Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were given a dividend of $0.34 per share. The ex-dividend date 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 yield of 1.88%. A. O. Smith’s dividend payout ratio (DPR) is 35.79%.

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.