A. O. Smith (NYSE:AOS – Get Free Report) released its quarterly earnings results on Tuesday. The industrial products company reported $1.06 EPS for the quarter, missing the consensus estimate of $1.07 by ($0.01), Briefing.com reports. The business had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1 billion. A. O. Smith had a net margin of 14.67% and a return on equity of 31.22%. A. O. Smith’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.01 EPS. A. O. Smith updated its FY 2024 guidance to 3.950-4.100 EPS and its FY24 guidance to $3.95-4.10 EPS.
A. O. Smith Price Performance
Shares of NYSE AOS traded up $2.34 during midday trading on Thursday, reaching $83.10. 581,917 shares of the stock traded hands, compared to its average volume of 950,206. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.65 and a quick ratio of 1.06. The stock has a market capitalization of $12.19 billion, a PE ratio of 20.92, a P/E/G ratio of 2.20 and a beta of 1.15. A. O. Smith has a one year low of $64.14 and a one year high of $92.44. The company’s 50 day moving average is $83.68 and its 200 day moving average is $83.80.
A. O. Smith Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st will be given a dividend of $0.32 per share. The ex-dividend date is Wednesday, July 31st. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.54%. A. O. Smith’s dividend payout ratio is currently 33.16%.
Analysts Set New Price Targets
Get Our Latest Research Report on AOS
About A. O. Smith
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.
Further Reading
- Five stocks we like better than A. O. Smith
- Should You Add These Warren Buffett Stocks to Your Portfolio?
- Viking Therapeutics: Pharma Stock Soars on Positive Earnings
- How to Calculate Options Profits
- Top 3 Small Cap Stocks Emerging as Rotation Winners
- Bank Stocks – Best Bank Stocks to Invest In
- Bargain Alert: 3 Stocks Worth Watching While The Market Cools
Receive News & Ratings for A. O. Smith Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for A. O. Smith and related companies with MarketBeat.com's FREE daily email newsletter.