Somewhat Positive Press Coverage Somewhat Unlikely to Affect Smith (A.O.) (AOS) Share Price
News headlines about Smith (A.O.) (NYSE:AOS) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Smith (A.O.) earned a news sentiment score of 0.14 on Accern’s scale. Accern also gave press coverage about the industrial products company an impact score of 45.8479029087526 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the media headlines that may have impacted Accern’s rankings:
- ETFs with exposure to A. O. Smith Corp. : November 30, 2017 (finance.yahoo.com)
- Exec VP, General Counsel & Sec of Smith A O Corp (NYSE:AOS), Stern James F, sells 12,423 shares worth $773,670 (empowerednews.net)
- Smith (A.O.) Corporation (AOS) CEO Sells $927,150.00 in Stock (americanbankingnews.com)
- Brokerages Anticipate Smith (A.O.) Corporation (AOS) to Announce $0.56 Earnings Per Share (americanbankingnews.com)
- James F. Stern Sells 12,423 Shares of Smith (A.O.) Corporation (AOS) Stock (americanbankingnews.com)
Smith (NYSE AOS) traded up $0.92 during trading on Thursday, reaching $63.42. The company’s stock had a trading volume of 961,974 shares, compared to its average volume of 1,009,307. The company has a quick ratio of 1.92, a current ratio of 2.32 and a debt-to-equity ratio of 0.27. Smith has a twelve month low of $46.44 and a twelve month high of $63.70. The company has a market capitalization of $10,704.24, a P/E ratio of 30.52, a price-to-earnings-growth ratio of 2.34 and a beta of 1.54.
Smith (A.O.) (NYSE:AOS) last released its earnings results on Wednesday, October 25th. The industrial products company reported $0.54 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.01. Smith (A.O.) had a return on equity of 22.42% and a net margin of 12.18%. The business had revenue of $749.90 million for the quarter, compared to the consensus estimate of $741.28 million. During the same period in the previous year, the company posted $0.47 earnings per share. The company’s revenue for the quarter was up 9.7% compared to the same quarter last year. equities analysts expect that Smith will post 2.13 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Tuesday, October 31st were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date was Monday, October 30th. Smith (A.O.)’s payout ratio is currently 27.45%.
Several equities research analysts have commented on the company. Zacks Investment Research downgraded Smith (A.O.) from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. Robert W. Baird reissued a “buy” rating and issued a $68.00 target price on shares of Smith (A.O.) in a report on Friday, October 27th. Stifel Nicolaus reissued a “hold” rating and issued a $61.00 target price on shares of Smith (A.O.) in a report on Thursday, October 26th. Boenning Scattergood downgraded Smith (A.O.) from an “outperform” rating to a “neutral” rating in a report on Wednesday, October 25th. Finally, SunTrust Banks reissued a “buy” rating and issued a $65.00 target price on shares of Smith (A.O.) in a report on Thursday, October 12th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $62.80.
In other news, insider Peter R. Martineau sold 22,267 shares of the company’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $59.33, for a total transaction of $1,321,101.11. Following the transaction, the insider now directly owns 17,528 shares of the company’s stock, valued at $1,039,936.24. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Peter R. Martineau sold 9,723 shares of the company’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $59.02, for a total value of $573,851.46. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 77,965 shares of company stock worth $4,714,775. Corporate insiders own 1.27% of the company’s stock.
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About Smith (A.O.)
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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