Brokerages expect A. O. Smith Corp (NYSE:AOS) to post sales of $821.43 million for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for A. O. Smith’s earnings. The highest sales estimate is $846.50 million and the lowest is $797.00 million. A. O. Smith posted sales of $833.30 million in the same quarter last year, which suggests a negative year-over-year growth rate of 1.4%. The business is expected to announce its next quarterly earnings report on Wednesday, July 24th.
On average, analysts expect that A. O. Smith will report full year sales of $3.25 billion for the current year, with estimates ranging from $3.20 billion to $3.28 billion. For the next fiscal year, analysts forecast that the business will post sales of $3.38 billion, with estimates ranging from $3.28 billion to $3.44 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for A. O. Smith.
A. O. Smith (NYSE:AOS) last released its earnings results on Tuesday, April 30th. The industrial products company reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.04). The company had revenue of $748.20 million during the quarter, compared to analyst estimates of $764.16 million. A. O. Smith had a return on equity of 25.01% and a net margin of 13.81%. The firm’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same quarter last year, the business earned $0.60 earnings per share.
AOS stock traded down $0.01 during trading on Wednesday, reaching $45.24. The company had a trading volume of 54,441 shares, compared to its average volume of 2,116,850. The stock has a market capitalization of $7.59 billion, a PE ratio of 17.24, a price-to-earnings-growth ratio of 1.94 and a beta of 1.50. The company has a quick ratio of 1.82, a current ratio of 2.25 and a debt-to-equity ratio of 0.18. A. O. Smith has a twelve month low of $40.34 and a twelve month high of $62.23.
A. O. Smith declared that its board has initiated a share repurchase program on Monday, June 3rd that allows the company to buyback $300.00 million in shares. This buyback authorization allows the industrial products company to purchase up to 4.3% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.
In other A. O. Smith news, VP Paul R. Dana sold 9,010 shares of the firm’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $52.76, for a total transaction of $475,367.60. Following the completion of the transaction, the vice president now directly owns 14,912 shares of the company’s stock, valued at approximately $786,757.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Paul W. Jones sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $49.50, for a total transaction of $49,500.00. Following the transaction, the director now directly owns 182,266 shares of the company’s stock, valued at $9,022,167. The disclosure for this sale can be found here. Insiders have sold a total of 18,010 shares of company stock valued at $944,468 over the last three months. 1.03% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of AOS. Bremer Bank National Association purchased a new position in shares of A. O. Smith during the 1st quarter valued at approximately $25,000. Bremer Trust National Association purchased a new stake in A. O. Smith in the 4th quarter worth $26,000. Huntington National Bank increased its holdings in A. O. Smith by 82.2% in the 1st quarter. Huntington National Bank now owns 512 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 231 shares in the last quarter. Penserra Capital Management LLC purchased a new stake in A. O. Smith in the 1st quarter worth $29,000. Finally, Signaturefd LLC increased its holdings in A. O. Smith by 67.6% in the 1st quarter. Signaturefd LLC now owns 538 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 217 shares in the last quarter. 75.08% 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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