Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Smith (A.O.) (AOS) Share Price
News articles about Smith (A.O.) (NYSE:AOS) have trended somewhat positive on Monday, according to Accern Sentiment. The research group rates the sentiment of media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Smith (A.O.) earned a coverage optimism score of 0.01 on Accern’s scale. Accern also assigned media coverage about the industrial products company an impact score of 44.3688997852528 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the headlines that may have effected Accern Sentiment’s scoring:
- Insider Selling: Smith (A.O.) Corporation (AOS) Chairman Sells 3,610 Shares of Stock (americanbankingnews.com)
- Smith (A.O.) Corporation (AOS) Insider Sells $333,884.32 in Stock (americanbankingnews.com)
- Smith (A.O.) Corporation (AOS) Expected to Announce Quarterly Sales of $767.09 Million (americanbankingnews.com)
- ETFs with exposure to A. O. Smith Corp. : November 30, 2017 (finance.yahoo.com)
- Exec VP, General Counsel & Sec of Smith A O Corp (NYSE:AOS), Stern James F, sells 12,423 shares worth $773,670 (empowerednews.net)
Shares of Smith (NYSE:AOS) traded down $0.61 during mid-day trading on Monday, hitting $62.20. The stock had a trading volume of 998,886 shares, compared to its average volume of 1,008,462. Smith has a 12-month low of $46.44 and a 12-month high of $63.70. The firm has a market capitalization of $10,690.00, a price-to-earnings ratio of 30.79, a price-to-earnings-growth ratio of 2.36 and a beta of 1.57. The company has a quick ratio of 1.92, a current ratio of 2.32 and a debt-to-equity ratio of 0.27.
Smith (A.O.) (NYSE:AOS) last announced its quarterly earnings results on Wednesday, October 25th. The industrial products company reported $0.54 EPS for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.01. The firm had revenue of $749.90 million for the quarter, compared to analyst estimates of $741.28 million. Smith (A.O.) had a return on equity of 22.42% and a net margin of 12.18%. The business’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same period last year, the firm posted $0.47 earnings per share. analysts forecast that Smith will post 2.13 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date of this dividend was Monday, October 30th. Smith (A.O.)’s dividend payout ratio is currently 27.45%.
A number of analysts have recently commented on AOS shares. Robert W. Baird reissued a “buy” rating and set a $68.00 price target on shares of Smith (A.O.) in a research note on Friday, October 27th. SunTrust Banks reissued a “buy” rating and set a $65.00 price target on shares of Smith (A.O.) in a research note on Thursday, October 12th. BMO Capital Markets reissued a “buy” rating and set a $60.00 price target on shares of Smith (A.O.) in a research note on Wednesday, September 6th. Zacks Investment Research lowered Smith (A.O.) from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $61.00 price target on shares of Smith (A.O.) in a research note on Thursday, October 26th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $62.80.
In related news, Chairman Ajita G. Rajendra sold 3,610 shares of Smith (A.O.) stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $62.74, for a total value of $226,491.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP James F. Stern sold 12,423 shares of Smith (A.O.) stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $62.28, for a total value of $773,704.44. Following the completion of the transaction, the vice president now directly owns 146,257 shares in the company, valued at $9,108,885.96. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 86,863 shares of company stock worth $5,275,151. 1.27% of the stock is owned by insiders.
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Smith (A.O.) Company Profile
A. O. Smith Corporation operates through two segments: North America and Rest of World. The Company’s Rest of World segment primarily consists of China, Europe and India. Both segments manufacture and market comprehensive lines of residential and commercial gas, gas tankless and electric water heaters, as well as water treatment products.
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