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

A.O. Smith (AOS) posted its quarterly earnings results on Friday. The company reported $0.66 earnings per share (EPS) for the quarter, beating the Thomson Reuters consensus estimate of $0.61 by $0.05. The company’s quarterly revenue was up 12.3% on a year-over-year basis.

A number of other analysts have also recently weighed in on AOS. Analysts at KeyBanc (NYSE: KEY) raised their EPS on shares of A.O. Smith in a research note to investors on Monday. They now have a $53.00 price target on the stock. On a related note, 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. Finally, analysts at Maxim Group raised their price target on shares of A.O. Smith from $54.00 to $58.00 in a research note to investors on Monday. They now have a “buy” rating on the stock.

Shares of A.O. Smith (AOS) traded up 1.01% during mid-day trading on Tuesday, hitting $47.02. A.O. Smith (AOS) has a one year low of $29.81 and a one year high of $47.97. The company has a market cap of $2.160 billion and a P/E ratio of 7.09.

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. The Company operates in two segments: Water Products and Electrical Products. The Water Products business manufactures and markets a line of residential gas and electric water heaters, standard and specialty commercial water heating equipment, high-efficiency copper-tube boilers, water treatment products and water systems tanks. The Electrical Products business manufactures and markets a line of hermetic motors, fractional horsepower alternating current (AC) and direct current (DC) motors. On April 22, 2009, A. O. Smith Corporation closed on a merger transaction with Smith Investment Company (SICO). As of December 31, 2009, the Company had net sales of approximately $2.0 billion, with 69% attributable to its Water Products business and 31% attributable to its Electrical Products business.

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Posted by Web Inquirer Staff on 25 Apr 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.