Equities research analysts forecast that Smith (A.O.) Co. (NYSE:AOS) will announce sales of $793.28 million for the current quarter, according to Zacks. Eight analysts have provided estimates for Smith (A.O.)’s earnings, with the highest sales estimate coming in at $809.10 million and the lowest estimate coming in at $779.90 million. Smith (A.O.) posted sales of $740.00 million during the same quarter last year, which suggests a positive year-over-year growth rate of 7.2%. The company is expected to issue its next earnings report before the market opens on Wednesday, April 25th.

On average, analysts expect that Smith (A.O.) will report full-year sales of $3.27 billion for the current fiscal year, with estimates ranging from $3.22 billion to $3.28 billion. For the next fiscal year, analysts forecast that the company will post sales of $3.54 billion per share, with estimates ranging from $3.45 billion to $3.58 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Smith (A.O.).

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Smith (A.O.) (NYSE:AOS) last posted its quarterly earnings data on Tuesday, January 30th. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.04. The company had revenue of $768.60 million for the quarter, compared to analyst estimates of $767.45 million. Smith (A.O.) had a net margin of 9.89% and a return on equity of 23.30%. The business’s quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.47 earnings per share.

A number of brokerages recently issued reports on AOS. BMO Capital Markets restated a “buy” rating and issued a $78.00 price target on shares of Smith (A.O.) in a research note on Friday, January 26th. Zacks Investment Research upgraded shares of Smith (A.O.) from a “sell” rating to a “hold” rating and set a $75.00 price target for the company in a research note on Wednesday, January 31st. Robert W. Baird restated a “buy” rating and issued a $70.00 price target on shares of Smith (A.O.) in a research note on Wednesday, January 31st. Boenning Scattergood restated a “hold” rating on shares of Smith (A.O.) in a research note on Tuesday, January 30th. Finally, ValuEngine upgraded shares of Smith (A.O.) from a “hold” rating to a “buy” rating in a research note on Wednesday, April 4th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $68.00.

In other Smith (A.O.) news, Director Mark D. Smith sold 2,600 shares of the business’s stock in a transaction on Monday, March 5th. The shares were sold at an average price of $62.73, for a total transaction of $163,098.00. Following the completion of the sale, the director now owns 109,609 shares in the company, valued at $6,875,772.57. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman Ajita G. Rajendra sold 6,800 shares of the business’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $64.02, for a total transaction of $435,336.00. Following the sale, the chairman now owns 301,018 shares of the company’s stock, valued at approximately $19,271,172.36. The disclosure for this sale can be found here. In the last quarter, insiders have sold 110,635 shares of company stock valued at $7,149,622. 1.28% of the stock is owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in AOS. Congress Asset Management Co. MA increased its stake in Smith (A.O.) by 844.1% during the fourth quarter. Congress Asset Management Co. MA now owns 847,722 shares of the industrial products company’s stock valued at $51,948,000 after purchasing an additional 757,932 shares during the last quarter. Atlantic Trust Group LLC acquired a new position in shares of Smith (A.O.) during the third quarter valued at $36,764,000. Alliancebernstein L.P. boosted its holdings in shares of Smith (A.O.) by 15.5% during the fourth quarter. Alliancebernstein L.P. now owns 4,074,225 shares of the industrial products company’s stock valued at $249,669,000 after acquiring an additional 547,648 shares during the period. Carillon Tower Advisers Inc. acquired a new position in shares of Smith (A.O.) during the fourth quarter valued at $25,208,000. Finally, Elkfork Partners LLC acquired a new position in shares of Smith (A.O.) during the fourth quarter valued at $8,111,000. Hedge funds and other institutional investors own 74.86% of the company’s stock.

Shares of NYSE:AOS opened at $64.74 on Tuesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.24 and a quick ratio of 1.87. The firm has a market capitalization of $10,940.69, a P/E ratio of 29.83, a P/E/G ratio of 2.07 and a beta of 1.52. Smith has a 12-month low of $49.64 and a 12-month high of $68.39.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 15th. Shareholders of record on Monday, April 30th will be paid a dividend of $0.18 per share. The ex-dividend date is Friday, April 27th. This represents a $0.72 annualized dividend and a yield of 1.11%. Smith (A.O.)’s payout ratio is 33.18%.

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Smith (A.O.) Company Profile

A. O. Smith Corporation manufactures and markets residential and commercial gas and electric water heaters, boilers, and water treatment products in North America, China, Europe, and India. The company offers water heaters for residences, restaurants, hotels and motels, office buildings, laundries, car washes, and small businesses; residential and commercial boilers for use in space heating applications for hospitals, schools, hotels, and other large commercial buildings; and water treatment products, including on-the-go filtration bottles, point-of-use carbon and reverse osmosis products, point-of-entry water softeners, and whole-home water filtrations products for residences, restaurants, hotels, and offices.

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Earnings History and Estimates for Smith (A.O.) (NYSE:AOS)

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