A.O. Smith (AOS) Announces Quarterly Results

A.O. Smith (AOS) issued its quarterly earnings data on Friday. The company reported $0.66 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.

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.

A.O. Smith (AOS) opened at 46.38 on Wednesday. A.O. Smith (AOS) has a 52-week low of $29.81 and a 52-week high of $48.94. The company has a market cap of $2.150 billion and a price-to-earnings ratio of 6.92.

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 16 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.