Smith (A.O.) Co. (NYSE:AOS) – Investment analysts at Oppenheimer cut their Q2 2018 earnings per share estimates for shares of Smith (A.O.) in a report issued on Wednesday, April 25th. Oppenheimer analyst J. Giannakouros now forecasts that the industrial products company will post earnings of $0.62 per share for the quarter, down from their prior estimate of $0.63. Oppenheimer also issued estimates for Smith (A.O.)’s Q3 2018 earnings at $0.66 EPS, Q4 2018 earnings at $0.71 EPS, FY2018 earnings at $2.60 EPS and FY2019 earnings at $2.90 EPS.

Other equities analysts have also recently issued research reports about the company. ValuEngine upgraded Smith (A.O.) from a “hold” rating to a “buy” rating in a report on Wednesday, April 4th. Goldman Sachs upgraded Smith (A.O.) from a “neutral” rating to a “buy” rating in a report on Wednesday, April 4th. BMO Capital Markets restated a “buy” rating and set a $78.00 price objective on shares of Smith (A.O.) in a report on Friday, January 26th. Robert W. Baird restated a “buy” rating and set a $70.00 price objective on shares of Smith (A.O.) in a report on Wednesday, January 31st. Finally, DA Davidson boosted their price objective on Smith (A.O.) from $72.00 to $73.00 and gave the company a “buy” rating in a report on Thursday. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $69.29.

AOS opened at $62.37 on Friday. Smith has a 52-week low of $52.90 and a 52-week high of $68.39. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.18 and a quick ratio of 1.87. The firm has a market cap of $10,547.93, a P/E ratio of 28.74, a price-to-earnings-growth ratio of 1.99 and a beta of 1.52.

Smith (A.O.) (NYSE:AOS) last posted its quarterly earnings data on Wednesday, April 25th. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.02. Smith (A.O.) had a return on equity of 23.77% and a net margin of 10.10%. The company had revenue of $788.00 million during the quarter, compared to analysts’ expectations of $791.76 million. During the same quarter in the previous year, the business earned $0.50 EPS. Smith (A.O.)’s revenue was up 6.5% compared to the same quarter last year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 15th. Shareholders of record on Monday, April 30th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend is Friday, April 27th. Smith (A.O.)’s dividend payout ratio is 33.18%.

In other Smith (A.O.) news, Director Mark D. Smith sold 2,600 shares of the company’s stock in a transaction on Monday, March 5th. The stock was sold at an average price of $62.73, for a total value of $163,098.00. Following the completion of the sale, the director now directly owns 109,609 shares in the company, valued at approximately $6,875,772.57. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director William P. Greubel sold 17,856 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $66.50, for a total value of $1,187,424.00. The disclosure for this sale can be found here. Insiders sold a total of 110,635 shares of company stock valued at $7,149,622 over the last quarter. Company insiders own 1.28% of the company’s stock.

Several hedge funds have recently modified their holdings of the business. BlackRock Inc. lifted its holdings in shares of Smith (A.O.) by 0.5% in the 4th quarter. BlackRock Inc. now owns 9,903,069 shares of the industrial products company’s stock worth $606,860,000 after buying an additional 52,134 shares during the period. Alliancebernstein L.P. lifted its holdings in shares of Smith (A.O.) by 15.5% in the 4th quarter. Alliancebernstein L.P. now owns 4,074,225 shares of the industrial products company’s stock worth $249,669,000 after buying an additional 547,648 shares during the period. Impax Asset Management LTD lifted its holdings in shares of Smith (A.O.) by 5.0% in the 4th quarter. Impax Asset Management LTD now owns 1,935,569 shares of the industrial products company’s stock worth $118,612,000 after buying an additional 91,809 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Smith (A.O.) by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 1,740,078 shares of the industrial products company’s stock worth $106,429,000 after buying an additional 39,859 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of Smith (A.O.) by 0.9% in the 4th quarter. Bank of New York Mellon Corp now owns 1,143,742 shares of the industrial products company’s stock worth $70,089,000 after acquiring an additional 10,580 shares in the last quarter. Institutional investors and hedge funds own 74.79% of the company’s stock.

Smith (A.O.) Company Profile

A. O. Smith Corporation manufactures and markets residential and commercial gas and electric water heaters, boilers, and water treatment products in North America, China, Europe, and India. The company offers water heaters for residences, restaurants, hotels and motels, office buildings, laundries, car washes, and small businesses; residential and commercial boilers for use in space heating applications for hospitals, schools, hotels, and other large commercial buildings; and water treatment products, including on-the-go filtration bottles, point-of-use carbon and reverse osmosis products, point-of-entry water softeners, and whole-home water filtrations products for residences, restaurants, hotels, and offices.

Earnings History and Estimates for Smith (A.O.) (NYSE:AOS)

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