A.O. Smith (AOS) Announces Quarterly Earnings, Beats Expectations By $0.05 EPS
A.O. Smith (AOS) issued its quarterly earnings data on Friday. The company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.05. The company’s revenue for the quarter was up 12.3% on a year-over-year basis.
AOS has been the subject of a number of recent research reports. Analysts at Buckingham Research downgraded shares of A.O. Smith from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday, May 1st. On a related note, analysts at KeyBanc (NYSE: KEY) raised their EPS on shares of A.O. Smith in a research note to investors on Monday, April 23rd. They now have a $53.00 price target on the stock. Finally, analysts at Sterne Agee raised their price target on shares of A.O. Smith from $48.00 to $55.00 in a research note to investors on Monday, April 23rd.
Shares of A.O. Smith (AOS) traded down 1.65% during mid-day trading on Friday, hitting $45.40. A.O. Smith (AOS) has a one year low of $29.81 and a one year high of $48.94. The company has a market cap of $2.105 billion and a P/E ratio of 6.88.
Smith A O Corporation is a manufacturer of water heating equipment and electric motors, serving a diverse mix of residential, commercial and industrial end markets in the United States.