A. O. Smith (NYSE:AOS) Updates FY 2024 Earnings Guidance

A. O. Smith (NYSE:AOS) updated its FY 2024 earnings guidance on Tuesday. The company provided earnings per share guidance of 3.950-4.100 for the period, compared to the consensus earnings per share estimate of 4.080. The company issued revenue guidance of -. A. O. Smith also updated its FY24 guidance to $3.95-4.10 EPS.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Stifel Nicolaus raised shares of A. O. Smith from a hold rating to a buy rating and raised their price objective for the stock from $97.00 to $98.00 in a research note on Wednesday. Jefferies Financial Group raised their target price on shares of A. O. Smith from $85.00 to $90.00 and gave the stock a hold rating in a research report on Friday, April 12th. Oppenheimer reaffirmed a market perform rating on shares of A. O. Smith in a research report on Thursday, April 18th. Robert W. Baird reduced their target price on shares of A. O. Smith from $92.00 to $90.00 and set a neutral rating on the stock in a research report on Wednesday. Finally, UBS Group raised their target price on shares of A. O. Smith from $73.00 to $75.00 and gave the stock a sell rating in a research report on Monday, July 8th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of Hold and a consensus price target of $89.29.

A. O. Smith Trading Up 1.8 %

NYSE:AOS opened at $82.18 on Friday. A. O. Smith has a 12 month low of $64.14 and a 12 month high of $92.44. The firm has a fifty day simple moving average of $83.62 and a 200-day simple moving average of $83.78. The company has a current ratio of 1.70, a quick ratio of 1.06 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $12.05 billion, a P/E ratio of 21.29, a PEG ratio of 2.21 and a beta of 1.15.

A. O. Smith (NYSE:AOS) last posted its quarterly earnings data on Tuesday, July 23rd. The industrial products company reported $1.06 EPS for the quarter, missing the consensus estimate of $1.07 by ($0.01). The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1 billion. A. O. Smith had a return on equity of 31.04% and a net margin of 14.67%. The company’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.01 earnings per share. On average, equities research analysts anticipate that A. O. Smith will post 4.06 earnings per share for the current year.

A. O. Smith Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Wednesday, July 31st will be given a dividend of $0.32 per share. The ex-dividend date is Wednesday, July 31st. This represents a $1.28 dividend on an annualized basis and a yield of 1.56%. A. O. Smith’s dividend payout ratio is presently 33.16%.

About A. O. Smith

A. O. Smith Corporation manufactures and markets residential and commercial gas and electric water heaters, boilers, heat pumps, tanks, and water treatment products in North America, China, Europe, and India. The company offers water heaters for residences, restaurants, hotels, office buildings, laundries, car washes, and small businesses; boilers for hospitals, schools, hotels, and other large commercial buildings, as well as homes, apartments, and condominiums; and water treatment products comprising point-of-entry water softeners, well water solutions, and whole-home water filtration products, and point-of-use carbon and reverse osmosis products for residences, restaurants, hotels, and offices.