Q4 Earnings Forecast for A. O. Smith Issued By DA Davidson

A. O. Smith Co. (NYSE:AOS) – Investment analysts at DA Davidson issued their Q4 2024 earnings estimates for shares of A. O. Smith in a report released on Thursday, October 24th. DA Davidson analyst M. Summerville expects that the industrial products company will post earnings of $0.90 per share for the quarter. DA Davidson has a “Neutral” rating and a $80.00 price objective on the stock. The consensus estimate for A. O. Smith’s current full-year earnings is $3.78 per share. DA Davidson also issued estimates for A. O. Smith’s FY2025 earnings at $4.05 EPS.

A. O. Smith (NYSE:AOS) last released its quarterly earnings results on Tuesday, October 22nd. The industrial products company reported $0.82 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.82. The company had revenue of $957.80 million during the quarter, compared to the consensus estimate of $960.36 million. A. O. Smith had a net margin of 14.41% and a return on equity of 30.09%. During the same period in the previous year, the business earned $0.90 earnings per share.

Other research analysts have also recently issued research reports about the company. Robert W. Baird decreased their price target on A. O. Smith from $82.00 to $81.00 and set a “neutral” rating on the stock in a research report on Wednesday. StockNews.com lowered shares of A. O. Smith from a “buy” rating to a “hold” rating in a report on Saturday. UBS Group raised shares of A. O. Smith from a “sell” rating to a “neutral” rating and upped their price target for the stock from $75.00 to $80.00 in a report on Wednesday. Finally, Stifel Nicolaus reduced their price target on shares of A. O. Smith from $92.00 to $91.00 and set a “buy” rating on the stock in a research report on Wednesday. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, A. O. Smith presently has an average rating of “Hold” and an average price target of $86.71.

A. O. Smith Price Performance

Shares of NYSE AOS opened at $76.87 on Friday. The business has a fifty day moving average price of $82.48 and a two-hundred day moving average price of $83.34. The stock has a market capitalization of $11.27 billion, a PE ratio of 19.91, a P/E/G ratio of 2.30 and a beta of 1.15. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.67 and a quick ratio of 1.07. A. O. Smith has a fifty-two week low of $65.20 and a fifty-two week high of $92.44.

Institutional Trading of A. O. Smith

Several hedge funds and other institutional investors have recently made changes to their positions in AOS. Northwestern Mutual Wealth Management Co. raised its holdings in A. O. Smith by 7.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,007 shares of the industrial products company’s stock valued at $164,000 after buying an additional 134 shares during the last quarter. UMB Bank n.a. increased its position in A. O. Smith by 12.5% in the 3rd quarter. UMB Bank n.a. now owns 1,227 shares of the industrial products company’s stock valued at $110,000 after acquiring an additional 136 shares during the period. Algebris UK Ltd raised its stake in shares of A. O. Smith by 2.3% during the first quarter. Algebris UK Ltd now owns 6,109 shares of the industrial products company’s stock valued at $506,000 after acquiring an additional 140 shares during the last quarter. Gateway Investment Advisers LLC lifted its holdings in shares of A. O. Smith by 5.0% during the third quarter. Gateway Investment Advisers LLC now owns 2,989 shares of the industrial products company’s stock worth $269,000 after purchasing an additional 142 shares during the period. Finally, Empirical Finance LLC grew its stake in shares of A. O. Smith by 3.3% in the first quarter. Empirical Finance LLC now owns 4,618 shares of the industrial products company’s stock worth $413,000 after purchasing an additional 149 shares during the last quarter. 76.10% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other A. O. Smith news, SVP Samuel M. Carver sold 14,705 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $81.00, for a total value of $1,191,105.00. Following the sale, the senior vice president now owns 2,399 shares in the company, valued at $194,319. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 2.70% of the stock is owned by corporate insiders.

A. O. Smith Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be issued a dividend of $0.34 per share. The ex-dividend date is Thursday, October 31st. This is a positive change from A. O. Smith’s previous quarterly dividend of $0.32. This represents a $1.36 annualized dividend and a dividend yield of 1.77%. A. O. Smith’s payout ratio is 35.23%.

A. O. Smith Company Profile

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.