Q4 Earnings Forecast for A. O. Smith Issued By DA Davidson

A. O. Smith Co. (NYSE:AOS - Free Report) - DA Davidson issued their Q4 2024 earnings estimates for shares of A. O. Smith in a report released on Thursday, October 24th. DA Davidson analyst M. Summerville anticipates that the industrial products company will post earnings of $0.90 per share for the quarter. DA Davidson has a "Neutral" rating and a $80.00 price objective on the stock. The consensus estimate for A. O. Smith's current full-year earnings is $3.78 per share. DA Davidson also issued estimates for A. O. Smith's FY2025 earnings at $4.05 EPS.

A. O. Smith (NYSE:AOS - Get Free Report) last released its earnings results on Tuesday, October 22nd. The industrial products company reported $0.82 EPS for the quarter, meeting 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 firm had revenue of $957.80 million during the quarter, compared to analyst estimates of $960.36 million. During the same period in the prior year, the firm posted $0.90 earnings per share.

AOS has been the topic of several other research reports. 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 research note on Wednesday. StockNews.com raised shares of A. O. Smith from a "hold" rating to a "buy" rating in a research note on Friday, October 18th. Stifel Nicolaus reduced their price objective on shares of A. O. Smith from $92.00 to $91.00 and set a "buy" rating for the company in a report on Wednesday. Finally, Robert W. Baird lowered their price target on A. O. Smith from $82.00 to $81.00 and set a "neutral" rating on the stock in a research report on Wednesday. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, A. O. Smith has a consensus rating of "Hold" and a consensus target price of $86.71.

A. O. Smith Stock Down 0.6 %

NYSE:AOS traded down $0.47 on Friday, reaching $76.87. The stock had a trading volume of 821,569 shares, compared to its average volume of 964,321. The company has a 50-day moving average of $82.53 and a 200 day moving average of $83.44. A. O. Smith has a 12-month low of $65.20 and a 12-month high of $92.44. The stock has a market cap of $11.27 billion, a P/E ratio of 20.24, a price-to-earnings-growth ratio of 2.30 and a beta of 1.15. The company has a current ratio of 1.67, a quick ratio of 1.07 and a debt-to-equity ratio of 0.06.

A. O. Smith Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.77%. This is a positive change from A. O. Smith's previous quarterly dividend of $0.32. A. O. Smith's dividend payout ratio (DPR) is currently 35.23%.

Insider Activity

In related news, SVP Samuel M. Carver sold 14,705 shares of the firm's stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $81.00, for a total value of $1,191,105.00. Following the completion of the transaction, the senior vice president now owns 2,399 shares of the company's stock, valued at approximately $194,319. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.70% of the company's stock.

Institutional Trading of A. O. Smith

Institutional investors have recently added to or reduced their stakes in the company. Trajan Wealth LLC raised its position in shares of A. O. Smith by 7.8% in the 3rd quarter. Trajan Wealth LLC now owns 3,073 shares of the industrial products company's stock valued at $276,000 after buying an additional 222 shares in the last quarter. Valmark Advisers Inc. acquired a new position in A. O. Smith during the third quarter worth about $226,000. State of Alaska Department of Revenue boosted its stake in shares of A. O. Smith by 4.6% in the 3rd quarter. State of Alaska Department of Revenue now owns 13,936 shares of the industrial products company's stock valued at $1,251,000 after purchasing an additional 610 shares in the last quarter. GHP Investment Advisors Inc. grew its holdings in shares of A. O. Smith by 7.4% during the 3rd quarter. GHP Investment Advisors Inc. now owns 31,406 shares of the industrial products company's stock valued at $2,821,000 after purchasing an additional 2,166 shares during the last quarter. Finally, Forsta AP Fonden grew its stake in shares of A. O. Smith by 23.5% during the third quarter. Forsta AP Fonden now owns 78,400 shares of the industrial products company's stock worth $7,043,000 after buying an additional 14,900 shares during the last quarter. 76.10% of the stock is currently owned by institutional investors.

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.