A. O. Smith (NYSE:AOS – Get Free Report) announced 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 company had revenue of $1.02 billion during 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%. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.01 earnings per share. 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 Stock Performance
NYSE:AOS traded up $1.42 during mid-day trading on Thursday, reaching $82.18. The stock had a trading volume of 1,505,607 shares, compared to its average volume of 956,711. A. O. Smith has a twelve month low of $64.14 and a twelve month high of $92.44. The business has a 50 day simple moving average of $83.68 and a 200 day simple moving average of $83.80. The firm has a market capitalization of $12.05 billion, a price-to-earnings ratio of 20.92, a PEG ratio of 2.20 and a beta of 1.15. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.06 and a current ratio of 1.65.
A. O. Smith Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Wednesday, July 31st will be issued a dividend of $0.32 per share. The ex-dividend date is Wednesday, July 31st. This represents a $1.28 annualized dividend and a yield of 1.56%. A. O. Smith’s dividend payout ratio is currently 33.16%.
Wall Street Analyst Weigh In
Read Our Latest Research Report on AOS
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.
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