DA Davidson Comments on Smith (A.O.) Co.’s Q1 2018 Earnings (AOS)

Smith (A.O.) Co. (NYSE:AOS) – Equities research analysts at DA Davidson issued their Q1 2018 earnings estimates for shares of Smith (A.O.) in a report released on Wednesday, April 11th. DA Davidson analyst M. Summerville anticipates that the industrial products company will post earnings per share of $0.59 for the quarter. DA Davidson currently has a “Buy” rating and a $72.00 target price on the stock. DA Davidson also issued estimates for Smith (A.O.)’s Q2 2018 earnings at $0.63 EPS, Q3 2018 earnings at $0.66 EPS, Q4 2018 earnings at $0.68 EPS, FY2018 earnings at $2.57 EPS, Q1 2019 earnings at $0.67 EPS, Q2 2019 earnings at $0.72 EPS, Q3 2019 earnings at $0.74 EPS, Q4 2019 earnings at $0.77 EPS and FY2019 earnings at $2.90 EPS.

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AOS has been the topic of several other research reports. Zacks Investment Research upgraded Smith (A.O.) from a “sell” rating to a “hold” rating in a research report on Thursday, January 11th. ValuEngine upgraded Smith (A.O.) from a “hold” rating to a “buy” rating in a research report on Wednesday, April 4th. Robert W. Baird restated a “buy” rating and issued a $70.00 target price on shares of Smith (A.O.) in a research report on Wednesday, January 31st. Boenning Scattergood upgraded Smith (A.O.) from a “neutral” rating to an “outperform” rating in a research report on Thursday, March 22nd. They noted that the move was a valuation call. Finally, Goldman Sachs upgraded Smith (A.O.) from a “neutral” rating to a “buy” rating in a research report on Wednesday, April 4th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $68.00.

NYSE AOS opened at $63.79 on Monday. The company has a market capitalization of $10,974.99, a PE ratio of 29.40, a PEG ratio of 1.87 and a beta of 1.52. Smith has a 1-year low of $49.64 and a 1-year high of $68.39. The company has a current ratio of 2.24, a quick ratio of 1.87 and a debt-to-equity ratio of 0.24.

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

Several large investors have recently bought and sold shares of AOS. Dimensional Fund Advisors LP increased its holdings in shares of Smith (A.O.) by 7.4% in the third quarter. Dimensional Fund Advisors LP now owns 743,282 shares of the industrial products company’s stock valued at $44,171,000 after purchasing an additional 51,121 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in shares of Smith (A.O.) by 13.2% in the third quarter. Nomura Asset Management Co. Ltd. now owns 18,470 shares of the industrial products company’s stock valued at $1,098,000 after purchasing an additional 2,150 shares during the last quarter. AMP Capital Investors Ltd increased its holdings in shares of Smith (A.O.) by 22.5% in the third quarter. AMP Capital Investors Ltd now owns 42,403 shares of the industrial products company’s stock valued at $2,522,000 after purchasing an additional 7,800 shares during the last quarter. Cornerstone Capital Management Holdings LLC. acquired a new stake in shares of Smith (A.O.) in the third quarter valued at approximately $1,500,000. Finally, Sterling Capital Management LLC increased its holdings in shares of Smith (A.O.) by 17.0% in the third quarter. Sterling Capital Management LLC now owns 31,912 shares of the industrial products company’s stock valued at $1,897,000 after purchasing an additional 4,646 shares during the last quarter. 74.86% of the stock is owned by hedge funds and other institutional investors.

In related news, VP Robert J. Heideman sold 11,606 shares of the stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $61.74, for a total value of $716,554.44. Following the completion of the sale, the vice president now owns 34,099 shares of the company’s stock, valued at $2,105,272.26. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director William P. Greubel sold 17,856 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $66.50, for a total value of $1,187,424.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 110,635 shares of company stock valued at $7,149,622. Insiders own 1.28% of the company’s stock.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 15th. Investors of record on Monday, April 30th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Friday, April 27th. This represents a $0.72 annualized dividend and a dividend yield of 1.13%. Smith (A.O.)’s dividend payout ratio is presently 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.

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

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