A. O. Smith (NYSE:AOS) issued an update on its FY 2020
Pre-Market earnings guidance on Thursday morning. The company provided earnings per share guidance of 1.72-1.86 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.81. A. O. Smith also updated its FY20 guidance to $1.72 to $1.86 EPS.

AOS stock opened at $48.14 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.62 and a current ratio of 1.96. A. O. Smith has a 1 year low of $33.81 and a 1 year high of $53.72. The firm has a market cap of $7.76 billion, a P/E ratio of 26.31, a price-to-earnings-growth ratio of 3.34 and a beta of 1.28. The stock has a 50-day simple moving average of $48.34 and a 200-day simple moving average of $43.93.

A. O. Smith (NYSE:AOS) last posted its earnings results on Thursday, July 30th. The industrial products company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.03. A. O. Smith had a return on equity of 18.38% and a net margin of 10.72%. The business had revenue of $663.90 million during the quarter, compared to analyst estimates of $664.82 million. On average, equities research analysts predict that A. O. Smith will post 1.81 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Friday, July 31st will be paid a dividend of $0.24 per share. The ex-dividend date is Thursday, July 30th. This represents a $0.96 dividend on an annualized basis and a yield of 1.99%. A. O. Smith’s dividend payout ratio (DPR) is presently 43.24%.

A number of research analysts have commented on the company. Cfra reduced their target price on A. O. Smith from $39.00 to $32.00 and set a strong sell rating on the stock in a report on Wednesday, May 6th. Oppenheimer reaffirmed a hold rating on shares of A. O. Smith in a report on Thursday. Rosenblatt Securities reaffirmed a hold rating and set a $48.00 target price on shares of A. O. Smith in a report on Thursday. Zacks Investment Research raised A. O. Smith from a hold rating to a buy rating and set a $51.00 price target on the stock in a report on Tuesday, July 7th. Finally, Boenning Scattergood raised A. O. Smith from a neutral rating to an outperform rating in a report on Wednesday, May 6th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of $45.00.

In other A. O. Smith news, Director Ajita G. Rajendra sold 46,000 shares of A. O. Smith stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $49.54, for a total transaction of $2,278,840.00. Following the sale, the director now owns 135,147 shares of the company’s stock, valued at approximately $6,695,182.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.29% of the company’s stock.

About A. O. Smith

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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