Zacks Research Estimates A. O. Smith FY2024 Earnings

A. O. Smith Co. (NYSE:AOS - Free Report) - Investment analysts at Zacks Research issued their FY2024 earnings estimates for shares of A. O. Smith in a research report issued to clients and investors on Tuesday, November 12th. Zacks Research analyst R. Department expects 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.

A number of other research analysts also recently commented on AOS. UBS Group upgraded A. O. Smith from a "sell" rating to a "neutral" rating and upped their price objective for the stock from $75.00 to $80.00 in a research note on Wednesday, October 23rd. Stifel Nicolaus reduced their price target on A. O. Smith from $92.00 to $91.00 and set a "buy" rating for the company in a report on Wednesday, October 23rd. StockNews.com raised A. O. Smith from a "hold" rating to a "buy" rating in a research report on Thursday, November 7th. DA Davidson lowered A. O. Smith from a "buy" rating to a "neutral" rating and set a $80.00 price objective for the company. in a research note on Wednesday, October 23rd. Finally, Robert W. Baird cut their price target on A. O. Smith from $82.00 to $81.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 23rd. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $86.71.

A. O. Smith Trading Down 1.1 %

Shares of A. O. Smith stock traded down $0.78 during trading hours on Friday, reaching $72.22. The stock had a trading volume of 1,214,367 shares, compared to its average volume of 973,721. The firm has a 50 day simple moving average of $80.59 and a two-hundred day simple moving average of $82.24. The firm has a market capitalization of $10.47 billion, a price-to-earnings ratio of 19.01, a P/E/G ratio of 1.94 and a beta of 1.17. The company has a current ratio of 1.67, a quick ratio of 1.02 and a debt-to-equity ratio of 0.06. A. O. Smith has a 1 year low of $72.15 and a 1 year high of $92.44.

A. O. Smith (NYSE:AOS - Get Free Report) last issued its quarterly earnings results on Tuesday, October 22nd. The industrial products company reported $0.82 earnings per share for the quarter, hitting analysts' consensus estimates of $0.82. The firm had revenue of $957.80 million during 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 quarter in the prior year, the business earned $0.90 EPS.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. raised its stake in A. O. Smith by 7.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,007 shares of the industrial products company's stock worth $164,000 after buying an additional 134 shares in the last quarter. Huntington National Bank raised its position in shares of A. O. Smith by 19.8% in the 3rd quarter. Huntington National Bank now owns 812 shares of the industrial products company's stock worth $73,000 after acquiring an additional 134 shares in the last quarter. UMB Bank n.a. lifted its stake in shares of A. O. Smith by 12.5% during the 3rd quarter. UMB Bank n.a. now owns 1,227 shares of the industrial products company's stock worth $110,000 after purchasing an additional 136 shares during the last quarter. Algebris UK Ltd raised its holdings in A. O. Smith by 2.3% in the first quarter. Algebris UK Ltd now owns 6,109 shares of the industrial products company's stock worth $506,000 after purchasing an additional 140 shares in the last quarter. Finally, Gateway Investment Advisers LLC boosted its holdings in shares of A. O. Smith by 5.0% in the 3rd quarter. Gateway Investment Advisers LLC now owns 2,989 shares of the industrial products company's stock valued at $269,000 after buying an additional 142 shares in the last quarter. 76.10% of the stock is currently owned by institutional investors.

A. O. Smith Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be given a dividend of $0.34 per share. The ex-dividend date is Thursday, October 31st. This represents a $1.36 annualized dividend and a dividend yield of 1.88%. This is a boost from A. O. Smith's previous quarterly dividend of $0.32. A. O. Smith's dividend payout ratio (DPR) is currently 35.79%.

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.