Equities research analysts expect that A. O. Smith Corp (NYSE:AOS) will announce earnings per share (EPS) of $0.57 for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have issued estimates for A. O. Smith’s earnings, with estimates ranging from $0.53 to $0.74. A. O. Smith posted earnings of $0.61 per share during the same quarter last year, which suggests a negative year over year growth rate of 6.6%. The firm is expected to announce its next earnings results on Tuesday, October 29th.

According to Zacks, analysts expect that A. O. Smith will report full year earnings of $2.41 per share for the current financial year, with EPS estimates ranging from $2.35 to $2.73. For the next financial year, analysts expect that the business will report earnings of $2.72 per share, with EPS estimates ranging from $2.60 to $3.05. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that that provide coverage for A. O. Smith.

A. O. Smith (NYSE:AOS) last posted its earnings results on Tuesday, July 30th. The industrial products company reported $0.61 EPS for the quarter, missing the Zacks’ consensus estimate of $0.64 by ($0.03). A. O. Smith had a net margin of 13.71% and a return on equity of 24.31%. The business had revenue of $765.40 million during the quarter, compared to analysts’ expectations of $812.29 million. During the same quarter in the prior year, the firm earned $0.61 EPS. A. O. Smith’s revenue for the quarter was down 8.1% compared to the same quarter last year.

A number of research firms have commented on AOS. Edward Jones downgraded A. O. Smith from a “buy” rating to a “hold” rating in a research report on Monday, May 20th. ValuEngine upgraded A. O. Smith from a “sell” rating to a “hold” rating in a research report on Friday, August 16th. DA Davidson reduced their target price on A. O. Smith to $58.00 and set a “buy” rating on the stock in a research report on Friday, June 7th. Boenning Scattergood downgraded A. O. Smith from an “outperform” rating to a “neutral” rating and set a $52.98 target price on the stock. in a research report on Wednesday, May 1st. Finally, Zacks Investment Research downgraded A. O. Smith from a “hold” rating to a “sell” rating and set a $48.00 target price on the stock. in a research report on Wednesday, June 26th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $54.25.

NYSE:AOS opened at $46.82 on Friday. A. O. Smith has a 52 week low of $40.34 and a 52 week high of $61.08. The company has a quick ratio of 1.74, a current ratio of 2.19 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $7.70 billion, a P/E ratio of 17.94, a P/E/G ratio of 2.25 and a beta of 1.54. The stock’s fifty day moving average is $45.16 and its two-hundred day moving average is $48.75.

A. O. Smith announced that its board has authorized a share repurchase program on Monday, June 3rd that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the industrial products company to purchase up to 4.3% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st were given a dividend of $0.22 per share. The ex-dividend date was Tuesday, July 30th. This represents a $0.88 dividend on an annualized basis and a yield of 1.88%. A. O. Smith’s payout ratio is 33.72%.

A number of institutional investors have recently bought and sold shares of the business. Vestmark Advisory Solutions Inc. grew its holdings in A. O. Smith by 33.0% in the second quarter. Vestmark Advisory Solutions Inc. now owns 11,260 shares of the industrial products company’s stock valued at $531,000 after purchasing an additional 2,795 shares during the last quarter. Integrated Wealth Concepts LLC grew its holdings in A. O. Smith by 11.1% in the second quarter. Integrated Wealth Concepts LLC now owns 4,612 shares of the industrial products company’s stock valued at $218,000 after purchasing an additional 461 shares during the last quarter. Waddell & Reed Financial Inc. grew its holdings in A. O. Smith by 6.6% in the second quarter. Waddell & Reed Financial Inc. now owns 2,097,644 shares of the industrial products company’s stock valued at $98,925,000 after purchasing an additional 129,108 shares during the last quarter. Nuveen Asset Management LLC grew its holdings in A. O. Smith by 14,348.7% in the second quarter. Nuveen Asset Management LLC now owns 558,009 shares of the industrial products company’s stock valued at $26,316,000 after purchasing an additional 554,147 shares during the last quarter. Finally, Neo Ivy Capital Management acquired a new stake in A. O. Smith in the second quarter valued at $546,000. 75.44% of the stock is 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, tanks, and water treatment products in North America, China, Europe, and India. It operates through two segments, North America and Rest of World. The company offers water heaters for residences, restaurants, hotels and motels, office buildings, laundries, car washes, and small businesses; residential and commercial boilers for space heating applications in hospitals, schools, hotels, and other 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 filtration products for residences, restaurants, hotels, and offices.

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

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