A.O. Smith (AOS) Announces Quarterly Earnings, Beats Expectations By $0.05 EPS

A.O. Smith (AOS) announced its earnings results 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.

A number of analysts have recently weighed in on AOS shares. 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.

A.O. Smith (AOS) traded down 3.34% on Friday, hitting $44.62. A.O. Smith (AOS) has a 1-year low of $29.81 and a 1-year high of $48.94. The company has a market cap of $2.069 billion and a price-to-earnings 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 3 Jun 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.