Q4 EPS Estimates for A. O. Smith Lowered by Zacks Research

A. O. Smith Co. (NYSE:AOS) – Equities research analysts at Zacks Research lowered their Q4 2024 EPS estimates for shares of A. O. Smith in a research report issued to clients and investors on Wednesday, December 11th. Zacks Research analyst R. Department now expects that the industrial products company will post earnings of $0.88 per share for the quarter, down from their prior estimate of $0.90. The consensus estimate for A. O. Smith’s current full-year earnings is $3.78 per share. Zacks Research also issued estimates for A. O. Smith’s Q1 2025 earnings at $0.96 EPS, Q2 2025 earnings at $1.08 EPS, Q3 2025 earnings at $0.91 EPS, FY2025 earnings at $3.94 EPS, Q1 2026 earnings at $1.04 EPS, Q2 2026 earnings at $1.17 EPS, Q3 2026 earnings at $1.04 EPS and FY2026 earnings at $4.35 EPS.

Other equities analysts have also recently issued research reports about the stock. Stifel Nicolaus cut their price target on shares of A. O. Smith from $91.00 to $90.00 and set a “buy” rating for the company in a research note on Wednesday. StockNews.com cut A. O. Smith from a “buy” rating to a “hold” rating in a research note on Tuesday, December 10th. Citigroup dropped their price target on A. O. Smith from $85.00 to $78.00 and set a “neutral” rating for the company in a research note on Monday, December 9th. Robert W. Baird reduced their price objective on A. O. Smith from $82.00 to $81.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. Finally, UBS Group raised A. O. Smith from a “sell” rating to a “neutral” rating and upped their target price for the stock from $75.00 to $80.00 in a research note on Wednesday, October 23rd. Seven analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $83.17.

A. O. Smith Price Performance

Shares of NYSE AOS opened at $72.49 on Friday. The firm has a market capitalization of $10.51 billion, a P/E ratio of 19.08, a P/E/G ratio of 1.93 and a beta of 1.16. The company has a quick ratio of 1.02, a current ratio of 1.67 and a debt-to-equity ratio of 0.06. The stock’s 50-day simple moving average is $76.19 and its two-hundred day simple moving average is $80.58. A. O. Smith has a twelve month low of $70.73 and a twelve month high of $92.44.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. State Street Corp increased its stake in shares of A. O. Smith by 4.0% in the 3rd quarter. State Street Corp now owns 7,721,581 shares of the industrial products company’s stock worth $693,630,000 after acquiring an additional 299,766 shares in the last quarter. Select Equity Group L.P. increased its position in A. O. Smith by 11.6% during the 2nd quarter. Select Equity Group L.P. now owns 3,852,467 shares of the industrial products company’s stock valued at $315,055,000 after buying an additional 400,304 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of A. O. Smith by 1.5% in the third quarter. Geode Capital Management LLC now owns 3,586,905 shares of the industrial products company’s stock worth $321,348,000 after acquiring an additional 52,593 shares during the last quarter. Fisher Asset Management LLC increased its stake in A. O. Smith by 3.9% during the 3rd quarter. Fisher Asset Management LLC now owns 2,302,659 shares of the industrial products company’s stock valued at $206,848,000 after purchasing an additional 87,458 shares in the last quarter. Finally, Earnest Partners LLC raised its holdings in A. O. Smith by 3.7% in the second quarter. Earnest Partners LLC now owns 2,046,798 shares of the industrial products company’s stock worth $167,387,000 after buying an additional 72,856 shares during the last quarter. Hedge funds and other institutional investors own 76.10% of the company’s stock.

A. O. Smith Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were issued a $0.34 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $1.36 annualized dividend and a yield of 1.88%. This is a boost from A. O. Smith’s previous quarterly dividend of $0.32. A. O. Smith’s payout ratio is 35.79%.

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.