Northcoast Research Brokers Increase Earnings Estimates for Smith (A.O.) Corporation (AOS)

Smith (A.O.) Corporation (NYSE:AOS) – Research analysts at Northcoast Research boosted their FY2017 earnings per share (EPS) estimates for shares of Smith (A.O.) Corporation in a report released on Thursday. Northcoast Research analyst A. Cohen now forecasts that the industrial products company will earn $2.14 per share for the year, up from their previous estimate of $2.12.

Smith (A.O.) Corporation (NYSE:AOS) last issued its quarterly earnings data on Wednesday, October 25th. The industrial products company reported $0.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.01. The firm had revenue of $749.90 million for the quarter, compared to the consensus estimate of $741.28 million. Smith (A.O.) Corporation had a net margin of 12.18% and a return on equity of 22.42%. Smith (A.O.) Corporation’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period last year, the firm posted $0.47 EPS.

TRADEMARK VIOLATION NOTICE: This news story was originally published by Community Financial News and is the sole property of of Community Financial News. If you are reading this news story on another site, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright legislation. The legal version of this news story can be accessed at https://www.com-unik.info/2017/10/31/northcoast-research-brokers-increase-earnings-estimates-for-smith-a-o-corporation-aos.html.

Other research analysts also recently issued research reports about the stock. Stifel Nicolaus reiterated a “hold” rating and set a $56.00 price target on shares of Smith (A.O.) Corporation in a research report on Friday, August 11th. Boenning Scattergood reiterated a “buy” rating on shares of Smith (A.O.) Corporation in a research report on Wednesday, July 26th. BidaskClub downgraded shares of Smith (A.O.) Corporation from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Robert W. Baird set a $61.00 price target on shares of Smith (A.O.) Corporation and gave the stock a “buy” rating in a research report on Thursday, August 24th. Finally, BMO Capital Markets reiterated a “buy” rating and set a $60.00 price target on shares of Smith (A.O.) Corporation in a research report on Friday, July 28th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $62.80.

Shares of Smith (NYSE AOS) opened at 59.18 on Monday. The company has a market capitalization of $10.21 billion, a P/E ratio of 30.04 and a beta of 1.49. The company has a 50-day moving average of $59.82 and a 200 day moving average of $56.21. Smith has a 12 month low of $43.66 and a 12 month high of $62.16.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Monday, October 30th. This represents a $0.56 dividend on an annualized basis and a yield of 0.95%. Smith (A.O.) Corporation’s payout ratio is presently 27.45%.

In other news, Director Paul W. Jones sold 60,000 shares of the company’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $54.02, for a total value of $3,241,200.00. Following the completion of the sale, the director now directly owns 277,465 shares of the company’s stock, valued at approximately $14,988,659.30. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.27% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Somerset Trust Co increased its stake in shares of Smith (A.O.) Corporation by 0.4% in the 2nd quarter. Somerset Trust Co now owns 12,433 shares of the industrial products company’s stock valued at $701,000 after acquiring an additional 55 shares during the last quarter. CENTRAL TRUST Co increased its stake in shares of Smith (A.O.) Corporation by 3.7% in the 2nd quarter. CENTRAL TRUST Co now owns 1,866 shares of the industrial products company’s stock valued at $105,000 after acquiring an additional 66 shares during the last quarter. Bronfman E.L. Rothschild L.P. increased its stake in shares of Smith (A.O.) Corporation by 3.6% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 3,362 shares of the industrial products company’s stock valued at $189,000 after acquiring an additional 116 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Smith (A.O.) Corporation by 6.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,986 shares of the industrial products company’s stock valued at $112,000 after acquiring an additional 119 shares during the last quarter. Finally, Toronto Dominion Bank increased its stake in shares of Smith (A.O.) Corporation by 11.8% in the 2nd quarter. Toronto Dominion Bank now owns 1,807 shares of the industrial products company’s stock valued at $102,000 after acquiring an additional 191 shares during the last quarter. 74.04% of the stock is owned by institutional investors.

Smith (A.O.) Corporation Company Profile

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.

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

What are top analysts saying about Smith (A.O.) Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Smith (A.O.) Corporation and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit