Q4 2024 Earnings Estimate for A. O. Smith Co. Issued By Seaport Res Ptn (NYSE:AOS)

A. O. Smith Co. (NYSE:AOS) – Analysts at Seaport Res Ptn lifted their Q4 2024 EPS estimates for shares of A. O. Smith in a report released on Thursday, April 25th. Seaport Res Ptn analyst S. Graham now expects that the industrial products company will post earnings per share of $1.04 for the quarter, up from their prior estimate of $1.02. The consensus estimate for A. O. Smith’s current full-year earnings is $4.09 per share. Seaport Res Ptn also issued estimates for A. O. Smith’s Q2 2025 earnings at $1.11 EPS and Q4 2025 earnings at $1.14 EPS.

A. O. Smith (NYSE:AOS) last issued its quarterly earnings data on Thursday, April 25th. The industrial products company reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.01. The company had revenue of $978.80 million for the quarter, compared to analyst estimates of $995.91 million. A. O. Smith had a return on equity of 30.94% and a net margin of 14.94%. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.94 earnings per share.

Other equities analysts have also recently issued reports about the stock. Oppenheimer reaffirmed a “market perform” rating on shares of A. O. Smith in a research note on Thursday, April 18th. Stifel Nicolaus dropped their target price on shares of A. O. Smith from $91.00 to $90.00 and set a “hold” rating for the company in a report on Friday, April 26th. Robert W. Baird boosted their price target on A. O. Smith from $86.00 to $92.00 and gave the stock a “neutral” rating in a research note on Friday, April 26th. Jefferies Financial Group raised their price objective on A. O. Smith from $85.00 to $90.00 and gave the company a “hold” rating in a research note on Friday, April 12th. Finally, StockNews.com downgraded A. O. Smith from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 6th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $90.67.

A. O. Smith Trading Down 1.7 %

NYSE:AOS opened at $82.84 on Monday. A. O. Smith has a 12-month low of $63.88 and a 12-month high of $89.96. The company has a current ratio of 1.65, a quick ratio of 1.06 and a debt-to-equity ratio of 0.06. The stock’s 50 day simple moving average is $85.80 and its 200-day simple moving average is $80.09. The firm has a market cap of $12.19 billion, a P/E ratio of 21.46, a PEG ratio of 2.26 and a beta of 1.25.

Hedge Funds Weigh In On A. O. Smith

Several institutional investors have recently added to or reduced their stakes in the business. Impax Asset Management Group plc increased its stake in shares of A. O. Smith by 2.2% during the 3rd quarter. Impax Asset Management Group plc now owns 4,101,386 shares of the industrial products company’s stock valued at $271,225,000 after acquiring an additional 88,025 shares during the last quarter. Invesco Ltd. grew its holdings in A. O. Smith by 4.6% in the third quarter. Invesco Ltd. now owns 3,038,837 shares of the industrial products company’s stock valued at $200,958,000 after purchasing an additional 133,339 shares during the period. Fisher Asset Management LLC grew its holdings in A. O. Smith by 4.0% in the fourth quarter. Fisher Asset Management LLC now owns 1,991,142 shares of the industrial products company’s stock valued at $164,150,000 after purchasing an additional 76,037 shares during the period. Earnest Partners LLC increased its position in A. O. Smith by 7.7% during the third quarter. Earnest Partners LLC now owns 1,577,789 shares of the industrial products company’s stock worth $104,339,000 after purchasing an additional 112,600 shares during the last quarter. Finally, Northern Trust Corp raised its stake in A. O. Smith by 4.7% during the third quarter. Northern Trust Corp now owns 1,343,402 shares of the industrial products company’s stock worth $88,839,000 after purchasing an additional 60,337 shares during the period. 76.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at A. O. Smith

In related news, Director Idelle K. Wolf sold 814 shares of A. O. Smith stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $80.00, for a total transaction of $65,120.00. Following the completion of the sale, the director now owns 46,140 shares in the company, valued at approximately $3,691,200. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other A. O. Smith news, VP Robert J. Heideman sold 9,890 shares of the business’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $84.63, for a total value of $836,990.70. Following the completion of the transaction, the vice president now directly owns 9,455 shares in the company, valued at approximately $800,176.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Idelle K. Wolf sold 814 shares of the firm’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $80.00, for a total value of $65,120.00. Following the sale, the director now owns 46,140 shares in the company, valued at approximately $3,691,200. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 95,631 shares of company stock worth $8,042,535. 2.70% of the stock is owned by insiders.

A. O. Smith Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date of this dividend is Monday, April 29th. A. O. Smith’s payout ratio is currently 33.16%.

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.