Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Smith (A.O.) Corporation (AOS) Share Price
Media stories about Smith (A.O.) Corporation (NYSE:AOS) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Smith (A.O.) Corporation earned a news sentiment score of 0.12 on Accern’s scale. Accern also gave news coverage about the industrial products company an impact score of 47.3004862067685 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news articles that may have effected Accern Sentiment’s analysis:
- Smith (A.O.) Corporation (NYSE:AOS) versus NL Industries (NL) Head-To-Head Survey (americanbankingnews.com)
- $739.56 Million in Sales Expected for Smith (A.O.) Corporation (NYSE:AOS) This Quarter (americanbankingnews.com)
- Norges Bank Sold A Little More AO Smith Corporation (AOS) Stock In The Last Quarter – Modern Readers (modernreaders.com)
- AO Smith Corporation (AOS) Holdings Down in Latest Report from Norges Bank – Highlight Press (highlightpress.com)
- Norges Bank Marginally Lowers Its Ownership in AO Smith Corporation (AOS) Stock – Modern Readers (modernreaders.com)
Smith (NYSE:AOS) traded up 0.26% during trading on Friday, hitting $53.68. The company had a trading volume of 900,223 shares. Smith has a 12-month low of $43.66 and a 12-month high of $57.97. The company has a market capitalization of $9.26 billion, a price-to-earnings ratio of 27.25 and a beta of 1.51. The firm has a 50-day moving average of $55.75 and a 200 day moving average of $53.01.
Smith (A.O.) Corporation (NYSE:AOS) last posted its earnings results on Wednesday, July 26th. The industrial products company reported $0.53 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.53. Smith (A.O.) Corporation had a return on equity of 22.25% and a net margin of 12.10%. The firm had revenue of $738.20 million during the quarter, compared to analysts’ expectations of $729.33 million. During the same period in the previous year, the firm earned $0.49 earnings per share. The company’s revenue was up 10.7% on a year-over-year basis. On average, equities research analysts forecast that Smith will post $2.11 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st will be paid a $0.14 dividend. The ex-dividend date of this dividend is Thursday, July 27th. This represents a $0.56 dividend on an annualized basis and a yield of 1.04%. Smith (A.O.) Corporation’s payout ratio is 28.43%.
AOS has been the subject of a number of recent analyst reports. BMO Capital Markets reiterated a “buy” rating and issued a $60.00 price target on shares of Smith (A.O.) Corporation in a research report on Friday, July 28th. Boenning Scattergood reiterated a “buy” rating on shares of Smith (A.O.) Corporation in a research report on Wednesday, July 26th. BidaskClub lowered Smith (A.O.) Corporation from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Jefferies Group LLC reiterated a “buy” rating on shares of Smith (A.O.) Corporation in a research report on Friday, July 14th. Finally, Zacks Investment Research upgraded Smith (A.O.) Corporation from a “hold” rating to a “buy” rating and set a $57.00 price target for the company in a research report on Thursday, April 13th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Smith (A.O.) Corporation currently has a consensus rating of “Buy” and a consensus target price of $66.80.
In other Smith (A.O.) Corporation news, Director Paul W. Jones sold 60,000 shares of the business’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $54.02, for a total value of $3,241,200.00. Following the completion of the transaction, the director now directly owns 277,465 shares of the company’s stock, valued at $14,988,659.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider John J. Kita sold 12,200 shares of the business’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $56.32, for a total value of $687,104.00. Following the completion of the transaction, the insider now directly owns 85,067 shares of the company’s stock, valued at $4,790,973.44. The disclosure for this sale can be found here. Over the last three months, insiders sold 105,400 shares of company stock valued at $5,734,444. Insiders own 1.27% of the company’s stock.
About Smith (A.O.) Corporation
A. O. Smith Corporation operates through two segments: North America and Rest of World. The Company’s Rest of World segment primarily consists of China, Europe and India. Both segments manufacture and market comprehensive lines of residential and commercial gas, gas tankless and electric water heaters, as well as water treatment products.
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