A.O. Smith (AOS) Announces Quarterly Earnings Results, 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 BMO Capital Markets initiated coverage on shares of A.O. Smith in a research note to investors on Thursday. They set a “market perform” rating and a $55.00 price target on the stock. On the ratings front, 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. Finally, analysts at KeyBanc 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.
A.O. Smith (AOS) traded down 1.54% on Monday, hitting $45.40. A.O. Smith (AOS) has a 52-week low of $29.81 and a 52-week high of $49.27. The company has a market cap of $2.105 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.