A. O. Smith (AOS) Releases FY19 Earnings Guidance

A. O. Smith (NYSE:AOS) issued an update on its FY19 earnings guidance on Tuesday morning. The company provided EPS guidance of $2.69-$2.75 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.71. A. O. Smith also updated its FY 2019 guidance to $2.69-2.75 EPS.

Shares of NYSE AOS traded down $0.62 during trading hours on Wednesday, hitting $43.98. The company had a trading volume of 1,707,722 shares, compared to its average volume of 1,714,699. The company has a market cap of $7.26 billion, a PE ratio of 16.85, a PEG ratio of 1.65 and a beta of 1.35. The company has a current ratio of 2.25, a quick ratio of 1.82 and a debt-to-equity ratio of 0.18. A. O. Smith has a 1-year low of $40.34 and a 1-year high of $65.57.

A. O. Smith (NYSE:AOS) last released its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $0.53 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.04). A. O. Smith had a net margin of 13.81% and a return on equity of 25.01%. The company had revenue of $748.20 million during the quarter, compared to analyst estimates of $764.16 million. During the same period in the previous year, the company posted $0.60 EPS. The company’s quarterly revenue was down 5.1% compared to the same quarter last year. As a group, sell-side analysts predict that A. O. Smith will post 2.71 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date was Monday, April 29th. A. O. Smith’s dividend payout ratio (DPR) is presently 33.72%.

Several research analysts have weighed in on AOS shares. Zacks Investment Research cut A. O. Smith from a hold rating to a sell rating in a research report on Thursday, February 28th. BMO Capital Markets cut A. O. Smith from an outperform rating to a market perform rating and set a $53.00 price objective on the stock. in a research report on Wednesday, January 30th. KeyCorp increased their price objective on A. O. Smith from $53.00 to $60.00 and gave the stock an overweight rating in a research report on Tuesday, March 12th. Boenning Scattergood reiterated a buy rating on shares of A. O. Smith in a research report on Tuesday, January 29th. Finally, ValuEngine upgraded A. O. Smith from a sell rating to a hold rating in a research report on Monday, April 1st. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. A. O. Smith presently has an average rating of Hold and a consensus target price of $58.12.

In other news, Director Paul W. Jones sold 1,000 shares of the stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $49.50, for a total transaction of $49,500.00. Following the sale, the director now directly owns 182,266 shares of the company’s stock, valued at approximately $9,022,167. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Paul R. Dana sold 9,010 shares of the stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $52.76, for a total value of $475,367.60. Following the sale, the vice president now directly owns 14,912 shares in the company, valued at $786,757.12. The disclosure for this sale can be found here. Over the last three months, insiders have sold 18,010 shares of company stock worth $944,468. 1.03% of the stock is currently owned by insiders.

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About A. O. Smith

A. O. Smith Corporation manufactures and markets residential and commercial gas and electric water heaters, boilers, tanks, and water treatment products in North America, China, Europe, and India. It operates through two segments, North America and Rest of World. The company offers water heaters for residences, restaurants, hotels and motels, office buildings, laundries, car washes, and small businesses; residential and commercial boilers for space heating applications in hospitals, schools, hotels, and other 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 filtration products for residences, restaurants, hotels, and offices.

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

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