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.

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Posted by Web Inquirer Staff on 26 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.