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.

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Posted by Web Inquirer Staff on 27 May 2012. Filed under Markets. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.